Nextpower (NASDAQ:NXT) Stock Rating Lowered by Zacks Research

Posted by Brenda Bartman on Aug 13th, 2026

Nextpower (NASDAQ:NXT – Get Free Report) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Several other brokerages have also commented on NXT. Wall Street Zen lowered shares of Nextpower from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Freedom Capital raised Nextpower from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. Citigroup reduced their price objective on Nextpower from $145.00 to $132.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. Truist Financial increased their price target on shares of Nextpower from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Loop Capital set a $135.00 price objective on shares of Nextpower in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Nextpower has a consensus rating of “Moderate Buy” and an average target price of $146.12.

Get Our Latest Analysis on Nextpower

Nextpower Stock Down 1.2%

NASDAQ NXT opened at $103.67 on Tuesday. Nextpower has a 52 week low of $52.61 and a 52 week high of $163.13. The company has a 50 day moving average price of $110.84 and a 200 day moving average price of $116.50. The firm has a market cap of $15.73 billion, a PE ratio of 26.86, a price-to-earnings-growth ratio of 2.10 and a beta of 1.95.

Nextpower (NASDAQ:NXT – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.15. Nextpower had a return on equity of 26.29% and a net margin of 16.36%.The business had revenue of $935.17 million for the quarter, compared to the consensus estimate of $935.39 million. On average, equities research analysts anticipate that Nextpower will post 3.73 earnings per share for the current fiscal year.

Insider Transactions at Nextpower

In related news, CFO Charles D. Boynton sold 4,500 shares of the firm’s stock in a transaction on 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 owned 358,500 shares in the company, valued at approximately $54,416,715. This trade represents a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Howard Wenger sold 62,670 shares of the company’s stock in a transaction dated 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 completion of the transaction, the president owned 426,467 shares of the company’s stock, valued at approximately $55,547,326.75. This trade represents a 12.81% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 249,675 shares of company stock worth $30,924,570. Insiders own 0.84% of the company’s stock.

Hedge Funds Weigh In On Nextpower

A number of large investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Nextpower in the fourth quarter valued at about $170,918,000. Amundi boosted its position in Nextpower by 156.1% during the third quarter. Amundi now owns 2,111,628 shares of the company’s stock worth $161,600,000 after acquiring an additional 1,287,071 shares during the last quarter. Janus Henderson Group PLC boosted its position in Nextpower by 134.3% during the first quarter. Janus Henderson Group PLC now owns 1,362,466 shares of the company’s stock worth $164,488,000 after acquiring an additional 780,958 shares during the last quarter. Electron Capital Partners LLC boosted its position in Nextpower by 2,017.7% during the third quarter. Electron Capital Partners LLC now owns 566,415 shares of the company’s stock worth $41,909,000 after acquiring an additional 539,668 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its stake in Nextpower by 142.3% during the 4th quarter. Lord Abbett & CO. LLC now owns 848,110 shares of the company’s stock valued at $73,879,000 after acquiring an additional 498,110 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.