Zacks Research Upgrades Nextpower (NASDAQ:NXT) to Strong-Buy

Posted by Geri Gentry on Jul 15th, 2026

Nextpower (NASDAQ:NXT – Get Free Report) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Several other equities analysts have also weighed in on NXT. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $140.00 price objective on shares of Nextpower in a research note on Thursday, May 14th. UBS Group restated a “buy” rating and set a $170.00 target price on shares of Nextpower in a research note on Friday, May 29th. JPMorgan Chase & Co. lifted their target price on Nextpower from $155.00 to $174.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Susquehanna reduced their price target on Nextpower from $180.00 to $168.00 and set a “positive” rating for the company in a report on Friday, July 10th. Finally, Truist Financial started coverage on Nextpower in a report on Monday. They issued a “buy” rating and a $140.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Nextpower currently has a consensus rating of “Moderate Buy” and an average target price of $148.06.

Read Our Latest Stock Report on Nextpower

Nextpower Trading Up 5.0%

NXT stock opened at $104.66 on Monday. The firm has a 50 day moving average of $124.97 and a 200-day moving average of $115.44. The company has a market cap of $15.73 billion, a price-to-earnings ratio of 27.33, a PEG ratio of 1.97 and a beta of 1.86. Nextpower has a 12-month low of $52.61 and a 12-month high of $163.13.

Nextpower (NASDAQ:NXT – Get Free Report) last announced 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. The firm had revenue of $880.52 million for the quarter, compared to analysts’ expectations of $826.26 million. Nextpower had a return on equity of 28.18% and a net margin of 16.46%.Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. Sell-side analysts forecast that Nextpower will post 3.77 earnings per share for the current fiscal year.

Insider Activity

In other Nextpower news, President Howard Wenger sold 62,670 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $130.25, for a total transaction of $8,162,767.50. Following the completion of the transaction, the president directly owned 426,467 shares of the company’s stock, valued at $55,547,326.75. This trade represents a 12.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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. Also, CFO Charles D. Boynton sold 4,500 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $151.79, for a total transaction of $683,055.00. Following the completion of the sale, the chief financial officer directly owned 358,500 shares of the company’s stock, valued at $54,416,715. The trade was a 1.24% 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. Insiders sold a total of 168,574 shares of company stock worth $22,559,770 over the last ninety days. Insiders own 0.84% of the company’s stock.

Hedge Funds Weigh In On Nextpower

A number of hedge funds have recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Nextpower by 19.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 437,490 shares of the company’s stock valued at $18,436,000 after buying an additional 71,842 shares during the last quarter. M&T Bank Corp acquired a new stake in Nextpower during the second quarter valued at approximately $223,000. EverSource Wealth Advisors LLC lifted its holdings in Nextpower by 179.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company’s stock worth $61,000 after buying an additional 724 shares during the last quarter. Cerity Partners LLC lifted its holdings in Nextpower by 154.0% during the 2nd quarter. Cerity Partners LLC now owns 18,539 shares of the company’s stock worth $1,008,000 after buying an additional 11,239 shares during the last quarter. Finally, California Public Employees Retirement System grew its position in shares of Nextpower by 36.5% in the 2nd quarter. California Public Employees Retirement System now owns 222,960 shares of the company’s stock worth $12,122,000 after acquiring an additional 59,573 shares in the last quarter. 67.41% of the stock is currently owned by institutional investors and hedge funds.

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.