Principal Financial Group Inc. Sells 54,069 Shares of Nextpower Inc. $NXT

Posted by George Bondi on Jul 18th, 2026

Principal Financial Group Inc. decreased its holdings in shares of Nextpower Inc. (NASDAQ:NXT – Free Report) by 10.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 450,375 shares of the company’s stock after selling 54,069 shares during the period. Principal Financial Group Inc.’s holdings in Nextpower were worth $54,293,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Nextpower by 19.6% in the 1st 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 purchasing an additional 71,842 shares in the last quarter. M&T Bank Corp bought a new position in shares of Nextpower during the second quarter valued at approximately $223,000. EverSource Wealth Advisors LLC increased its holdings in Nextpower by 179.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company’s stock valued at $61,000 after buying an additional 724 shares during the period. Cerity Partners LLC increased its holdings in Nextpower by 154.0% during the second quarter. Cerity Partners LLC now owns 18,539 shares of the company’s stock valued at $1,008,000 after buying an additional 11,239 shares during the period. Finally, California Public Employees Retirement System increased its holdings in Nextpower by 36.5% during the second quarter. California Public Employees Retirement System now owns 222,960 shares of the company’s stock valued at $12,122,000 after buying an additional 59,573 shares during the period. Hedge funds and other institutional investors own 67.41% of the company’s stock.

Insider Transactions at Nextpower

In related news, CFO Charles D. Boynton sold 4,500 shares of the company’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 transaction, the chief financial officer directly owned 358,500 shares of the company’s stock, valued at $54,416,715. This represents a 1.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Nicholas Marco Miller sold 22,427 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $156.00, for a total value of $3,498,612.00. Following the completion of the sale, the chief operating officer owned 186,194 shares of the company’s stock, valued at approximately $29,046,264. This trade represents a 10.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 168,574 shares of company stock worth $22,559,770. 0.84% of the stock is currently owned by corporate insiders.

Nextpower Stock Down 3.5%

Shares of NXT opened at $103.10 on Friday. The company has a market cap of $15.49 billion, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 2.12 and a beta of 1.86. Nextpower Inc. has a twelve month low of $52.61 and a twelve month high of $163.13. The company has a 50 day moving average of $123.89 and a two-hundred day moving average of $115.59.

Nextpower (NASDAQ:NXT – Get Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.16. The business had revenue of $880.52 million for the quarter, compared to the consensus estimate 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. On average, sell-side analysts expect that Nextpower Inc. will post 3.75 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Nextpower from $155.00 to $174.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Guggenheim upgraded Nextpower from a “neutral” rating to a “buy” rating and set a $125.00 price target on the stock in a report on Wednesday. Loop Capital set a $135.00 price target on Nextpower in a research report on Wednesday, May 13th. TD Cowen upped their price objective on Nextpower from $105.00 to $135.00 and gave the stock a “hold” rating in a research note on Wednesday, May 13th. Finally, Weiss Ratings downgraded Nextpower from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.10.

View Our Latest Stock Report on Nextpower

Nextpower 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.