Nextpower (NASDAQ:NXT) Shares Up 7.6% Following Analyst Upgrade

Posted by Geri Gentry on Oct 8th, 2026

Shares of Nextpower Inc. (NASDAQ:NXT – Get Free Report) shot up 7.6% on Tuesday after TD Cowen upgraded the stock to a hold rating. The company traded as high as $88.89 and last traded at $89.2480. Approximately 998,258 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 2,386,691 shares. The stock had previously closed at $82.97.

A number of other equities research analysts also recently issued reports on NXT. Truist Financial boosted their price target on Nextpower from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Royal Bank Of Canada lowered their price objective on shares of Nextpower from $149.00 to $147.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Roth Capital reissued a “buy” rating and issued a $175.00 price objective on shares of Nextpower in a report on Tuesday, July 28th. BMO Capital Markets upgraded shares of Nextpower from a “hold” rating to an “outperform” rating and set a $132.00 target price for the company in a research report on Friday, July 31st. Finally, Citigroup reduced their target price on shares of Nextpower from $145.00 to $132.00 and set a “buy” rating for the company in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $142.77.

Read Our Latest Stock Analysis on Nextpower

Insiders Place Their Bets

In other Nextpower news, Director Julia Blunden sold 3,692 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $84.10, for a total value of $310,497.20. Following the completion of the sale, the director owned 2,742 shares in the company, valued at $230,602.20. This represents a 57.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Brandi Thomas sold 7,415 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $91.25, for a total value of $676,618.75. Following the completion of the transaction, the director directly owned 7,914 shares in the company, valued at $722,152.50. This trade represents a 48.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 100,431 shares of company stock valued at $10,039,748. 0.84% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Nextpower

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fundsmith LLP bought a new position in Nextpower during the second quarter valued at approximately $340,275,000. Janus Henderson Group PLC increased its stake in Nextpower by 134.3% in the 1st quarter. Janus Henderson Group PLC now owns 1,362,466 shares of the company’s stock worth $164,488,000 after acquiring an additional 780,958 shares during the last quarter. Lord Abbett & CO. LLC increased its stake in Nextpower by 142.3% in the 4th quarter. Lord Abbett & CO. LLC now owns 848,110 shares of the company’s stock worth $73,879,000 after acquiring an additional 498,110 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Nextpower by 96.6% during the 1st quarter. Assetmark Inc. now owns 840,966 shares of the company’s stock worth $101,378,000 after acquiring an additional 413,142 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Nextpower by 34.6% during the 1st quarter. Bank of America Corp DE now owns 1,568,235 shares of the company’s stock worth $189,051,000 after acquiring an additional 402,770 shares in the last quarter. Institutional investors own 67.41% of the company’s stock.

Nextpower Trading Down 2.3%

The stock has a market capitalization of $13.05 billion, a P/E ratio of 22.29, a P/E/G ratio of 1.75 and a beta of 1.94. The business has a 50-day moving average price of $87.70 and a 200 day moving average price of $108.15.

Nextpower (NASDAQ:NXT – Get Free Report) last posted its earnings results 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 net margin of 16.36% and a return on equity of 26.29%. On average, sell-side analysts predict that Nextpower Inc. will post 3.76 earnings per share for the current fiscal year.

Nextpower Company Profile

(Get Free Report)

Nextracker Inc (NASDAQ:NXT) is a renewable energy technology company that designs and supplies intelligent solar tracking systems for utility-scale and large distributed-generation photovoltaic projects. Its systems help solar panels follow the sun throughout the day, improving energy production and supporting the development of large solar power facilities.

The company’s product portfolio includes solar tracker hardware, structural components, controls, and software designed to optimize project performance.