Cidel Asset Management Inc. Makes New Investment in Nextpower Inc. $NXT

Posted by Geri Gentry on Jun 25th, 2026

Cidel Asset Management Inc. bought a new position in shares of Nextpower Inc. (NASDAQ:NXT – Free Report) during the 1st quarter, HoldingsChannel reports. The fund bought 4,523 shares of the company’s stock, valued at approximately $545,000.

Other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC increased its holdings in shares of Nextpower by 107.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the company’s stock valued at $26,000 after purchasing an additional 155 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Nextpower by 268.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 306 shares of the company’s stock worth $28,000 after buying an additional 223 shares during the last quarter. Huntington National Bank boosted its stake in Nextpower by 480.3% during the fourth quarter. Huntington National Bank now owns 383 shares of the company’s stock worth $33,000 after buying an additional 317 shares during the last quarter. Baillie Gifford & Co. grew its holdings in 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 buying an additional 182 shares in the last quarter. Finally, Kemnay Advisory Services Inc. purchased a new stake in Nextpower in the 4th quarter valued at $39,000. 67.41% of the stock is currently owned by hedge funds and other institutional investors.

Nextpower Trading Down 3.3%

Shares of NXT opened at $116.67 on Thursday. The firm has a market cap of $17.53 billion, a P/E ratio of 30.46, a price-to-earnings-growth ratio of 2.86 and a beta of 1.73. Nextpower Inc. has a 12-month low of $51.69 and a 12-month high of $163.13. The company’s 50-day moving average price is $126.20 and its 200 day moving average price is $113.30.

Nextpower (NASDAQ:NXT – Get Free Report) last posted its earnings results on Tuesday, May 12th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.16. Nextpower had a net margin of 16.46% and a return on equity of 28.18%. The company had revenue of $880.52 million for the quarter, compared to analysts’ expectations of $826.26 million. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. Equities research analysts forecast that Nextpower Inc. will post 3.69 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wells Fargo & Company raised their target price on Nextpower from $143.00 to $151.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Needham & Company LLC reissued a “buy” rating and set a $149.00 price target on shares of Nextpower in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $140.00 price objective on shares of Nextpower in a report on Thursday, May 14th. Loop Capital set a $135.00 price objective on shares of Nextpower in a research report on Wednesday, May 13th. Finally, Royal Bank Of Canada lifted their target price on shares of Nextpower from $146.00 to $149.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Twenty analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $147.77.

Read Our Latest Report on Nextpower

Insider Activity

In related news, CEO Daniel S. Shugar sold 26,077 shares of Nextpower stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $134.72, for a total value of $3,513,093.44. Following the completion of the sale, the chief executive officer owned 931,419 shares in the company, valued at approximately $125,480,767.68. This trade represents a 2.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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. Also, insider Bruce Ledesma sold 3,248 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $134.72, for a total value of $437,570.56. Following the completion of the sale, the insider directly owned 246,130 shares in the company, valued at approximately $33,158,633.60. The trade was a 1.30% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 168,574 shares of company stock worth $22,559,770 in the last three months. 0.56% of the stock is currently 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.