Tidal Investments LLC Purchases 17,221 Shares of Nextpower Inc. $NXT

Posted by George Bondi on Sep 12th, 2026

Tidal Investments LLC boosted its position in shares of Nextpower Inc. (NASDAQ:NXT – Free Report) by 20.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 102,483 shares of the company’s stock after acquiring an additional 17,221 shares during the quarter. Tidal Investments LLC owned 0.07% of Nextpower worth $12,210,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NXT. Legal & General Group Plc raised its position in Nextpower by 4.6% in the fourth quarter. Legal & General Group Plc now owns 414,304 shares of the company’s stock worth $36,090,000 after acquiring an additional 18,380 shares during the period. Flputnam Investment Management Co. purchased a new position in shares of Nextpower during the 4th quarter worth $615,000. Vestcor Inc grew its position in shares of Nextpower by 480.8% during the 4th quarter. Vestcor Inc now owns 21,947 shares of the company’s stock valued at $1,912,000 after acquiring an additional 18,168 shares during the period. Abacus Wealth Partners LLC purchased a new stake in shares of Nextpower in the 4th quarter worth $1,217,000. Finally, Fideuram Asset Management Ireland dac purchased a new stake in shares of Nextpower in the 4th quarter worth $622,000. Hedge funds and other institutional investors own 67.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NXT. Jefferies Financial Group reiterated a “buy” rating and set a $131.00 target price on shares of Nextpower in a research report on Friday, July 31st. Mizuho decreased their price objective on Nextpower from $142.00 to $111.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 4th. Citigroup decreased their price objective on Nextpower from $145.00 to $132.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Weiss Ratings cut Nextpower from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, July 29th. Finally, Wells Fargo & Company boosted their price objective on Nextpower from $143.00 to $151.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $144.96.

Read Our Latest Stock Analysis on Nextpower

Nextpower Stock Up 1.9%

Shares of NXT stock opened at $82.89 on Friday. The company’s fifty day simple moving average is $96.07 and its two-hundred day simple moving average is $112.00. Nextpower Inc. has a 52 week low of $65.75 and a 52 week high of $163.13. The stock has a market cap of $12.58 billion, a P/E ratio of 21.47, a PEG ratio of 1.61 and a beta of 1.92.

Nextpower (NASDAQ:NXT – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.15. The firm had revenue of $935.17 million during the quarter, compared to analyst estimates of $935.39 million. Nextpower had a return on equity of 26.29% and a net margin of 16.36%. On average, analysts anticipate that Nextpower Inc. will post 3.76 EPS for the current fiscal year.

Insider Activity at Nextpower

In other news, Director Julia Blunden sold 3,723 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $88.08, for a total transaction of $327,921.84. Following the sale, the director directly owned 6,434 shares of the company’s stock, valued at $566,706.72. This represents a 36.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brandi Thomas sold 7,415 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $91.25, for a total value of $676,618.75. Following the transaction, the director owned 7,914 shares of the company’s stock, valued at $722,152.50. This represents a 48.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 100,431 shares of company stock valued at $10,039,748 in the last 90 days. 0.84% of the stock is currently owned by insiders.

Nextpower Company Profile

(Free Report)

Nextracker Inc (NASDAQ: NXT) is a solar technology company that designs, manufactures and supplies intelligent solar tracker systems for utility-scale and distributed-generation photovoltaic projects. Its tracker systems adjust the position of solar panels throughout the day to help optimize energy production.

The company’s product portfolio includes single-axis solar tracking systems, associated hardware and controls, as well as software and digital tools used to monitor and manage solar plant performance.