Illinois Municipal Retirement Fund Buys 5,684 Shares of Nextpower Inc. $NXT

Posted by Brian Himes on Jul 21st, 2026

Illinois Municipal Retirement Fund boosted its stake in shares of Nextpower Inc. (NASDAQ:NXT – Free Report) by 67.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,057 shares of the company’s stock after purchasing an additional 5,684 shares during the period. Illinois Municipal Retirement Fund’s holdings in Nextpower were worth $1,695,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp increased its position in shares of Nextpower by 0.6% during the 3rd quarter. State Street Corp now owns 5,391,696 shares of the company’s stock worth $398,932,000 after purchasing an additional 31,689 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Nextpower by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 4,021,741 shares of the company’s stock worth $350,385,000 after purchasing an additional 236,593 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Nextpower by 5.1% in the 4th quarter. Invesco Ltd. now owns 2,864,660 shares of the company’s stock valued at $249,541,000 after buying an additional 139,211 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Nextpower by 4.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,429,410 shares of the company’s stock valued at $211,627,000 after buying an additional 111,782 shares during the last quarter. Finally, Amundi grew its stake in shares of Nextpower by 156.1% in the third quarter. Amundi now owns 2,111,628 shares of the company’s stock valued at $161,600,000 after buying an additional 1,287,071 shares in the last quarter. 67.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Nextpower

In other Nextpower news, President Howard Wenger sold 62,670 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $130.25, for a total transaction of $8,162,767.50. Following the transaction, the president owned 426,467 shares in the company, valued at $55,547,326.75. This trade represents a 12.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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, CEO Daniel S. Shugar sold 26,077 shares of Nextpower stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $134.72, for a total value 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 represents a 2.72% 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. Insiders sold a total of 168,574 shares of company stock worth $22,559,770 in the last 90 days. Company insiders own 0.84% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Nextpower from $143.00 to $151.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Northland Securities lifted their price objective on shares of Nextpower from $148.00 to $162.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Jefferies Financial Group set a $153.00 price objective on shares of Nextpower in a research note on Friday, June 26th. Susquehanna dropped their target price on shares of Nextpower from $180.00 to $168.00 and set a “positive” rating on the stock in a report on Friday, July 10th. Finally, Weiss Ratings downgraded shares of Nextpower from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $149.42.

Get Our Latest Analysis on Nextpower

Nextpower Stock Down 2.8%

Nextpower stock opened at $100.23 on Tuesday. The stock has a market cap of $15.06 billion, a P/E ratio of 26.17, a P/E/G ratio of 2.04 and a beta of 1.86. Nextpower Inc. has a twelve month low of $52.61 and a twelve month high of $163.13. The company’s 50-day moving average price is $123.37 and its two-hundred day moving average price is $115.86.

Nextpower (NASDAQ:NXT – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.16. Nextpower had a return on equity of 28.18% and a net margin of 16.46%.The company had revenue of $880.52 million during the quarter, compared to analysts’ expectations of $826.26 million. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. Equities analysts anticipate that Nextpower Inc. will post 3.75 earnings per share for the current fiscal year.

Nextpower Company 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.