Nextpower Inc. (NASDAQ:NXT – Get Free Report) has been given a consensus rating of “Moderate Buy” by the twenty-five analysts that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and twenty have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $148.3933.
A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group restated a “buy” rating and set a $168.00 price target on shares of Nextpower in a report on Wednesday, July 1st. Northland Securities lifted their price target on Nextpower from $148.00 to $162.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Citigroup upped their target price on Nextpower from $114.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $140.00 price objective on shares of Nextpower in a research report on Thursday, May 14th. Finally, TD Cowen lifted their target price on shares of Nextpower from $105.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, May 13th.
Read Our Latest Research Report on NXT
Insider Buying and Selling
Hedge Funds Weigh In On Nextpower
Hedge funds have recently bought and sold shares of the business. Wedge Capital Management L L P NC lifted its position in shares of Nextpower by 20.0% in the second quarter. Wedge Capital Management L L P NC now owns 600,671 shares of the company’s stock worth $71,564,000 after buying an additional 100,186 shares during the last quarter. E. Ohman J or Asset Management AB lifted its holdings in Nextpower by 26.5% in the 2nd quarter. E. Ohman J or Asset Management AB now owns 50,098 shares of the company’s stock worth $5,969,000 after purchasing an additional 10,500 shares during the last quarter. Franklin Street Advisors Inc. NC bought a new stake in Nextpower during the second quarter worth approximately $684,000. Polianta Ltd acquired a new position in Nextpower during the second quarter valued at approximately $1,763,000. Finally, MRA Advisory Group bought a new position in shares of Nextpower in the second quarter valued at approximately $715,000. 67.41% of the stock is owned by institutional investors and hedge funds.
Key Nextpower News
Here are the key news stories impacting Nextpower this week:
- Positive Sentiment: Analysts and market commentators continue to point to upside potential, with one note suggesting Nextpower could trade at a premium despite the Prevalon deal, and another arguing the stock could be about 25% undervalued after its earnings beat. Nextpower (NXT) Stock Could Trade At A Premium Despite Prevalon Deal Nextpower (NXT) Could Be 25% Undervalued Following Earnings Beat Optimism
- Positive Sentiment: Susquehanna reiterated a positive rating and still sees meaningful upside even after trimming its price target to $168 from $180, which can help support investor sentiment around the name. Benzinga report on Susquehanna price target change
- Positive Sentiment: Market coverage continues to highlight Nextpower’s strong earnings track record and the possibility of another beat when it reports first-quarter fiscal 2027 results on July 30, which may be keeping buyers interested. Will Nextpower (NXT) Beat Estimates Again in Its Next Earnings Report? Nextpower to Announce First Quarter Fiscal 2027 Financial Results on July 30, 2026
- Neutral Sentiment: Short-interest data was reported as zero shares, so it does not provide a meaningful new signal for traders in either direction.
- Neutral Sentiment: Additional media mentions, including inclusion on a “best up and coming tech stocks” list and commentary from Jim Cramer, may have helped keep the stock in focus but do not appear to be direct fundamental catalysts. 5 Best Up and Coming Tech Stocks to Buy Now Jim Cramer on Nextpower: “We Left It Way Too Soon”
Nextpower Price Performance
Shares of NASDAQ NXT opened at $111.50 on Monday. The stock’s fifty day simple moving average is $125.73 and its 200 day simple moving average is $115.28. The stock has a market capitalization of $16.76 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 2.20 and a beta of 1.86. Nextpower has a 52-week low of $52.61 and a 52-week high of $163.13.
Nextpower (NASDAQ:NXT – Get Free Report) last released its quarterly earnings results 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 business had revenue of $880.52 million during the quarter, compared to analyst estimates of $826.26 million. Nextpower had a return on equity of 28.18% and a net margin of 16.46%.Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. As a group, analysts anticipate that Nextpower will post 3.77 earnings per share for the current year.
Nextpower Company Profile
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.
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