Nextpower (NASDAQ:NXT) Trading Down 11.2% Following Analyst Downgrade

Posted by Brenda Bartman on Jul 13th, 2026

Nextpower Inc. (NASDAQ:NXT – Get Free Report) traded down 11.2% during mid-day trading on Monday after Susquehanna lowered their price target on the stock from $180.00 to $168.00. Susquehanna currently has a positive rating on the stock. Nextpower traded as low as $100.44 and last traded at $98.9860. Approximately 2,362,675 shares traded hands during mid-day trading, an increase of 0% from the average session volume of 2,355,250 shares. The stock had previously closed at $111.50.

A number of other research analysts also recently weighed in on NXT. JPMorgan Chase & Co. upped their target price on Nextpower from $155.00 to $174.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Citigroup upped their price target on Nextpower from $114.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Robert W. Baird increased their price objective on Nextpower from $133.00 to $156.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Glj Research raised their price objective on Nextpower from $147.00 to $149.44 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Finally, Barclays boosted their target price on shares of Nextpower from $142.00 to $147.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. Twenty analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $148.39.

Check Out Our Latest Research Report on Nextpower

Insider Activity

In related news, CEO Daniel S. Shugar sold 26,077 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $134.72, for a total transaction of $3,513,093.44. Following the sale, the chief executive officer directly owned 931,419 shares of the company’s stock, valued at $125,480,767.68. This trade represents a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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. Also, insider Bruce Ledesma sold 3,248 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $134.72, for a total transaction of $437,570.56. Following the sale, the insider directly owned 246,130 shares in the company, valued at approximately $33,158,633.60. The trade was a 1.30% decrease in their position. The SEC filing for this sale provides additional information. 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. Over the last 90 days, insiders sold 168,574 shares of company stock valued at $22,559,770. Corporate insiders own 0.84% of the company’s stock.

Institutional Trading of Nextpower

Several hedge funds have recently bought and sold shares of NXT. Jupiter Asset Management Ltd. raised its stake in Nextpower by 0.3% during the 4th quarter. Jupiter Asset Management Ltd. now owns 26,706 shares of the company’s stock worth $2,326,000 after acquiring an additional 86 shares during the period. Root Financial Partners LLC boosted its position in shares of Nextpower by 30.0% in the first quarter. Root Financial Partners LLC now owns 446 shares of the company’s stock worth $54,000 after purchasing an additional 103 shares during the period. Signature Equity Partners LLC boosted its position in shares of Nextpower by 76.4% in the first quarter. Signature Equity Partners LLC now owns 261 shares of the company’s stock worth $31,000 after purchasing an additional 113 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Nextpower by 2.0% in the first quarter. Janney Montgomery Scott LLC now owns 5,963 shares of the company’s stock worth $719,000 after purchasing an additional 119 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of Nextpower by 4.1% in the fourth quarter. Signaturefd LLC now owns 3,216 shares of the company’s stock worth $280,000 after purchasing an additional 126 shares in the last quarter. Institutional investors own 67.41% of the company’s stock.

Nextpower Stock Performance

The stock has a market capitalization of $14.87 billion, a P/E ratio of 25.84, a P/E/G ratio of 2.20 and a beta of 1.86. The company’s 50-day moving average price is $125.73 and its 200 day moving average price is $115.28.

Nextpower (NASDAQ:NXT – Get Free Report) last released its 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. Nextpower had a net margin of 16.46% and a return on equity of 28.18%. The company had revenue of $880.52 million for the quarter, compared to analysts’ expectations of $826.26 million. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. Analysts predict that Nextpower Inc. will post 3.77 earnings per share for the current year.

Nextpower Company Profile

(Get 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.