New York State Teachers Retirement System Sells 6,691 Shares of Nextpower Inc. $NXT

Posted by Francis Steltz on Jul 5th, 2026

New York State Teachers Retirement System lowered its stake in shares of Nextpower Inc. (NASDAQ:NXT – Free Report) by 4.7% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 136,835 shares of the company’s stock after selling 6,691 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of Nextpower worth $16,495,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Smartleaf Asset Management LLC increased its stake in Nextpower by 107.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the company’s stock valued at $26,000 after acquiring an additional 155 shares during the period. Whittier Trust Co. of Nevada Inc. lifted 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 during the period. Huntington National Bank lifted 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 during the period. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Nextpower during the 3rd quarter worth approximately $36,000. Finally, Baillie Gifford & Co. grew its holdings in shares of Nextpower by 76.5% during the 4th quarter. Baillie Gifford & Co. now owns 420 shares of the company’s stock worth $37,000 after purchasing an additional 182 shares in the last quarter. Institutional investors own 67.41% of the company’s stock.

Nextpower Price Performance

Shares of NXT stock opened at $112.84 on Friday. The stock’s fifty day simple moving average is $126.55 and its 200 day simple moving average is $114.28. The firm has a market cap of $16.96 billion, a price-to-earnings ratio of 29.46, a P/E/G ratio of 2.66 and a beta of 1.86. Nextpower Inc. has a one year low of $52.61 and a one year high of $163.13.

Nextpower (NASDAQ:NXT – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.16. Nextpower had a return on equity of 28.18% and a net margin of 16.46%.The company had revenue of $880.52 million during the quarter, compared to analysts’ expectations of $826.26 million. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. On average, research analysts anticipate that Nextpower Inc. will post 3.71 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on NXT. Wall Street Zen lowered Nextpower from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. The Goldman Sachs Group reissued a “buy” rating and issued a $168.00 price target on shares of Nextpower in a report on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $149.00 price objective on shares of Nextpower in a research note on Friday, May 29th. TD Cowen raised their price objective on shares of Nextpower from $105.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, May 13th. Finally, Barclays lifted their target price on shares of Nextpower from $123.00 to $142.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Twenty investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $148.69.

Read Our Latest Stock Report on Nextpower

Insider Transactions at Nextpower

In other Nextpower news, CFO Charles D. Boynton sold 4,500 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $151.79, for a total transaction of $683,055.00. Following the sale, the chief financial officer directly owned 358,500 shares of the company’s stock, valued at approximately $54,416,715. This represents a 1.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Howard Wenger sold 62,670 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $130.25, for a total transaction of $8,162,767.50. Following the sale, the president directly owned 426,467 shares of the company’s stock, valued at approximately $55,547,326.75. The trade was a 12.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last 90 days, insiders sold 168,574 shares of company stock valued at $22,559,770. 0.56% of the stock is owned by company 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.