Rockefeller Capital Management L.P. Purchases 7,591 Shares of Nextpower Inc. $NXT

Posted by Francis Steltz on Jul 4th, 2026

Rockefeller Capital Management L.P. raised its position in shares of Nextpower Inc. (NASDAQ:NXT – Free Report) by 451.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,274 shares of the company’s stock after buying an additional 7,591 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Nextpower were worth $808,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NXT. Smartleaf Asset Management LLC boosted its stake in Nextpower by 107.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the company’s stock worth $26,000 after buying an additional 155 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in Nextpower by 268.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 306 shares of the company’s stock valued at $28,000 after acquiring an additional 223 shares during the last quarter. Huntington National Bank raised its stake in shares of Nextpower by 480.3% in the fourth quarter. Huntington National Bank now owns 383 shares of the company’s stock valued at $33,000 after acquiring an additional 317 shares during the period. Baillie Gifford & Co. lifted its holdings in shares of Nextpower by 76.5% in the 4th quarter. Baillie Gifford & Co. now owns 420 shares of the company’s stock worth $37,000 after acquiring an additional 182 shares during the last quarter. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Nextpower in the 4th quarter worth about $39,000. Institutional investors own 67.41% of the company’s stock.

Insider Buying and Selling at Nextpower

In related news, CFO Charles D. Boynton sold 4,500 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $151.79, for a total value of $683,055.00. Following the transaction, the chief financial officer owned 358,500 shares of the company’s stock, valued at $54,416,715. This represents a 1.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bruce Ledesma sold 3,248 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $134.72, for a total value of $437,570.56. Following the transaction, the insider owned 246,130 shares in the company, valued at $33,158,633.60. The trade was a 1.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 168,574 shares of company stock valued at $22,559,770. 0.56% of the stock is owned by corporate insiders.

Nextpower Price Performance

NXT stock opened at $112.84 on Friday. The company has a market capitalization of $16.96 billion, a PE ratio of 29.46, a P/E/G ratio of 2.66 and a beta of 1.86. Nextpower Inc. has a 12 month low of $52.61 and a 12 month high of $163.13. The firm’s 50-day moving average is $126.55 and its 200 day moving average is $114.28.

Nextpower (NASDAQ:NXT – Get Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.16. The company had revenue of $880.52 million during the quarter, compared to analyst estimates of $826.26 million. Nextpower had a net margin of 16.46% and a return on equity of 28.18%. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. Sell-side analysts forecast that Nextpower Inc. will post 3.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NXT shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $140.00 price target on shares of Nextpower in a research note on Thursday, May 14th. Susquehanna increased their price objective on shares of Nextpower from $161.00 to $180.00 and gave the stock a “positive” rating in a research report on Monday, June 1st. Northland Securities raised their price objective on shares of Nextpower from $148.00 to $162.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Citigroup boosted their target price on Nextpower from $114.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Finally, TD Cowen upped their target price on Nextpower from $105.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, May 13th. Twenty equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Nextpower currently has an average rating of “Moderate Buy” and a consensus price target of $148.69.

Get Our Latest Stock Report on Nextpower

Nextpower Profile

(Free Report)

Nextpower, formerly known as Nextracker, is traded on NASDAQ under the symbol NXT and is a leading provider of advanced solar tracking solutions for utility-scale and distributed energy projects. The company specializes in the design, engineering and manufacturing of single-axis tracker systems that optimize the capture of solar energy by following the sun’s trajectory throughout the day. Nextpower’s core hardware offerings aim to enhance energy yield, reduce balance-of-system costs and simplify installation and maintenance for downstream solar developers and operators.

In addition to its tracker hardware, Nextpower provides a suite of digital software and analytics tools to maximize asset performance.