Nextpower (NASDAQ:NXT) President Howard Wenger Sells 9,051 Shares

Posted by Brenda Bartman on May 26th, 2026

Nextpower Inc. (NASDAQ:NXT – Get Free Report) President Howard Wenger sold 9,051 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $121.02, for a total value of $1,095,352.02. Following the transaction, the president owned 499,531 shares in the company, valued at approximately $60,453,241.62. The trade was a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.

Howard Wenger also recently made the following trade(s):

On Wednesday, May 20th, Howard Wenger sold 16,090 shares of Nextpower stock. The shares were sold at an average price of $127.32, for a total value of $2,048,578.80.

Nextpower Trading Up 0.5%

Shares of NASDAQ:NXT traded up $0.71 during trading on Tuesday, reaching $131.21. 2,368,934 shares of the company traded hands, compared to its average volume of 2,078,576. Nextpower Inc. has a 52-week low of $51.69 and a 52-week high of $156.78. The firm has a market capitalization of $19.48 billion, a price-to-earnings ratio of 34.26, a P/E/G ratio of 3.21 and a beta of 1.60. The business’s fifty day moving average is $120.41 and its 200-day moving average is $107.67.

Nextpower (NASDAQ:NXT – Get Free Report) last issued its earnings results on Tuesday, May 12th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.89 by $0.16. The company had revenue of $880.52 million for the quarter, compared to the consensus estimate 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 3.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group set a $140.00 target price on shares of Nextpower and gave the stock a “buy” rating in a report on Tuesday, April 14th. Glj Research reaffirmed a “buy” rating and set a $147.33 price target on shares of Nextpower in a research report on Monday, March 16th. Roth Mkm reiterated a “buy” rating and issued a $155.00 price objective on shares of Nextpower in a report on Wednesday, May 13th. JPMorgan Chase & Co. lifted their price objective on Nextpower from $125.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Finally, BMO Capital Markets boosted their target price on Nextpower from $113.00 to $125.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Nextpower presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.54.

Check Out Our Latest Research Report on NXT

Hedge Funds Weigh In On Nextpower

A number of institutional investors have recently bought and sold shares of the stock. Signature Equity Partners LLC lifted its holdings in Nextpower by 76.4% in the first quarter. Signature Equity Partners LLC now owns 261 shares of the company’s stock worth $31,000 after buying an additional 113 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Nextpower by 107.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 299 shares of the company’s stock worth $26,000 after acquiring an additional 155 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in shares of Nextpower by 268.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 306 shares of the company’s stock worth $28,000 after acquiring an additional 223 shares in the last quarter. Huntington National Bank raised its position in shares of Nextpower by 480.3% in the 4th quarter. Huntington National Bank now owns 383 shares of the company’s stock worth $33,000 after acquiring an additional 317 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its stake in shares of Nextpower by 76.5% in the 4th quarter. Baillie Gifford & Co. now owns 420 shares of the company’s stock valued at $37,000 after purchasing an additional 182 shares during the period. 67.41% of the stock is owned by institutional investors.

About Nextpower

(Get 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.