Nextpower (NASDAQ:NXT – Get Free Report) updated its FY 2027 earnings guidance on Friday. The company provided EPS guidance of 4.610-4.870 for the period, compared to the consensus earnings per share estimate of 4.500. The company issued revenue guidance of $4.2 billion-$4.5 billion, compared to the consensus revenue estimate of $4.3 billion.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada cut their price objective on Nextpower from $149.00 to $147.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft set a $137.00 price target on Nextpower in a research note on Monday, August 3rd. UBS Group reiterated a “buy” rating on shares of Nextpower in a report on Friday. Citigroup reiterated an “outperform” rating on shares of Nextpower in a report on Thursday. Finally, BMO Capital Markets dropped their target price on shares of Nextpower from $132.00 to $114.00 and set an “outperform” rating on the stock in a report on Wednesday, October 21st. One equities 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $136.00.
Get Our Latest Research Report on NXT
Nextpower Stock Down 2.0%
Shares of NASDAQ NXT traded down $1.58 during midday trading on Friday, hitting $78.25. The stock had a trading volume of 414,504 shares, compared to its average volume of 2,381,609. The business’s 50 day moving average is $82.58 and its 200-day moving average is $106.76. The company has a market cap of $11.87 billion, a P/E ratio of 19.64, a PEG ratio of 1.98 and a beta of 1.94. Nextpower has a 52 week low of $75.40 and a 52 week high of $163.13.
Nextpower (NASDAQ:NXT – Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.21. Nextpower had a net margin of 15.98% and a return on equity of 26.13%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. As a group, analysts expect that Nextpower will post 3.80 EPS for the current fiscal year.
Insider Activity
In other Nextpower news, CEO Daniel S. Shugar sold 67,636 shares of Nextpower stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $103.07, for a total value of $6,971,242.52. Following the completion of the sale, the chief executive officer owned 871,131 shares of the company’s stock, valued at approximately $89,787,472.17. The trade was a 7.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Howard Wenger sold 11,176 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $104.78, for a total transaction of $1,171,021.28. Following the sale, the president owned 419,868 shares of the company’s stock, valued at approximately $43,993,769.04. This represents a 2.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 100,431 shares of company stock worth $10,039,748. 0.84% of the stock is owned by corporate insiders.
Key Nextpower News
Here are the key news stories impacting Nextpower this week:
- Positive Sentiment: Nextpower reported fiscal Q2 2027 adjusted earnings of $1.31 per share, ahead of the $1.10 consensus estimate, while revenue reached $1.11 billion versus expectations of $1.06 billion. Earnings also increased from $1.19 per share a year earlier. Nextpower Q2 Earnings and Revenues Beat Estimates
- Positive Sentiment: Management raised fiscal 2027 EPS guidance to $4.61-$4.87, above the $4.50 analyst consensus. Revenue guidance of $4.2-$4.5 billion brackets the $4.3 billion consensus, with the midpoint modestly above expectations.
- Positive Sentiment: The company authorized a $500 million share repurchase program, supported by approximately $953 million in cash, which could provide a demand catalyst and signal confidence in future cash generation. Nextpower Stock: Revenue Surges and Buyback
- Positive Sentiment: Analysts remain constructive: JPMorgan, Susquehanna, and Needham retained bullish ratings, with target prices implying substantial potential upside even after revisions.
About Nextpower
Nextracker Inc is a renewable energy technology company that designs, manufactures and supplies intelligent solar-tracking systems for utility-scale and large commercial solar power projects. Its systems adjust the position of solar panels throughout the day to help photovoltaic modules capture more sunlight and improve energy production.
The company’s product portfolio includes single-axis solar trackers, structural components, foundations and related hardware, as well as software and controls designed to optimize tracker performance.
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