CI Investments Inc. Purchases Shares of 33,115 Nextpower Inc. $NXT

Posted by Brian Himes on Jul 24th, 2026

CI Investments Inc. purchased a new position in Nextpower Inc. (NASDAQ:NXT – Free Report) in the first quarter, HoldingsChannel reports. The institutional investor purchased 33,115 shares of the company’s stock, valued at approximately $3,992,000.

Several other institutional investors and hedge funds have also made changes to their positions in NXT. Legal & General Group Plc boosted its holdings in shares of Nextpower by 4.6% during the fourth quarter. Legal & General Group Plc now owns 414,304 shares of the company’s stock worth $36,090,000 after purchasing an additional 18,380 shares during the last quarter. Assetmark Inc. lifted its position in Nextpower by 342,159.2% during the fourth quarter. Assetmark Inc. now owns 427,824 shares of the company’s stock worth $37,268,000 after buying an additional 427,699 shares during the period. Andrew Hill Investment Advisors Inc. boosted its stake in Nextpower by 31.2% in the 4th quarter. Andrew Hill Investment Advisors Inc. now owns 70,025 shares of the company’s stock worth $6,100,000 after buying an additional 16,666 shares during the last quarter. Azzad Asset Management Inc. ADV purchased a new stake in Nextpower in the 4th quarter valued at about $988,000. Finally, Gateway Investment Advisers LLC grew its holdings in Nextpower by 215.1% in the 4th quarter. Gateway Investment Advisers LLC now owns 24,006 shares of the company’s stock valued at $2,091,000 after buying an additional 16,388 shares during the period. 67.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Truist Financial assumed coverage on shares of Nextpower in a research report on Monday, July 13th. They issued a “buy” rating and a $140.00 target price on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $168.00 price target on shares of Nextpower in a research note on Wednesday, July 1st. TD Cowen decreased their price target on shares of Nextpower from $135.00 to $118.00 and set a “hold” rating on the stock in a report on Monday. Wells Fargo & Company boosted their price objective on shares of Nextpower from $143.00 to $151.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Finally, BNP Paribas Exane upped their price objective on Nextpower from $177.00 to $182.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Nextpower has a consensus rating of “Moderate Buy” and an average target price of $150.62.

Read Our Latest Report on Nextpower

Nextpower Stock Performance

NXT opened at $104.49 on Friday. The firm has a 50 day moving average price of $121.58 and a 200 day moving average price of $116.20. The company has a market cap of $15.70 billion, a PE ratio of 27.28, a price-to-earnings-growth ratio of 2.09 and a beta of 1.86. Nextpower Inc. has a 1 year low of $52.61 and a 1 year high of $163.13.

Nextpower (NASDAQ:NXT – Get Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.89 by $0.16. The firm had revenue of $880.52 million for 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. On average, sell-side analysts predict that Nextpower Inc. will post 3.73 earnings per share for the current year.

Insider Transactions at Nextpower

In other news, COO Nicholas Marco Miller sold 22,427 shares of Nextpower stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $156.00, for a total transaction of $3,498,612.00. Following the sale, the chief operating officer owned 186,194 shares in the company, valued at $29,046,264. This trade represents a 10.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Charles D. Boynton sold 4,500 shares of Nextpower stock in a transaction on Monday, June 1st. The stock was sold at an average price of $151.79, for a total transaction of $683,055.00. Following the sale, the chief financial officer directly owned 358,500 shares in the company, valued at $54,416,715. This trade represents a 1.24% 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. Insiders sold 168,574 shares of company stock worth $22,559,770 in the last quarter. 0.84% of the stock is owned by corporate insiders.

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.