Public Employees Retirement System of Ohio Takes $5.07 Million Position in Nextpower Inc. $NXT

Posted by Brian Himes on Sep 3rd, 2026

Public Employees Retirement System of Ohio bought a new stake in shares of Nextpower Inc. (NASDAQ:NXT – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund bought 42,589 shares of the company’s stock, valued at approximately $5,074,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its stake in 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 buying an additional 155 shares during the last quarter. Signature Equity Partners LLC lifted its stake in shares of Nextpower by 76.4% during the first quarter. Signature Equity Partners LLC now owns 261 shares of the company’s stock worth $31,000 after buying an additional 113 shares during the period. Huntington National Bank grew its holdings in shares of Nextpower by 480.3% during the fourth quarter. Huntington National Bank now owns 383 shares of the company’s stock valued at $33,000 after buying an additional 317 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Nextpower by 511.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 495 shares of the company’s stock valued at $37,000 after acquiring an additional 414 shares during the period. Finally, BOKF NA increased its position in shares of Nextpower by 1,135.7% in the 3rd quarter. BOKF NA now owns 519 shares of the company’s stock valued at $38,000 after acquiring an additional 477 shares during the period. Hedge funds and other institutional investors own 67.41% of the company’s stock.

Nextpower Price Performance

Shares of NXT stock opened at $82.55 on Thursday. Nextpower Inc. has a 1-year low of $64.30 and a 1-year high of $163.13. The company has a market cap of $12.53 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 1.67 and a beta of 1.92. The stock has a 50 day simple moving average of $100.22 and a 200-day simple moving average of $113.71.

Nextpower (NASDAQ:NXT – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.15. Nextpower had a net margin of 16.36% and a return on equity of 26.29%. The company had revenue of $935.17 million during the quarter, compared to analysts’ expectations of $935.39 million. Analysts anticipate that Nextpower Inc. will post 3.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NXT. Deutsche Bank Aktiengesellschaft set a $137.00 target price on Nextpower in a research note on Monday, August 3rd. Susquehanna cut their price objective on Nextpower from $168.00 to $157.00 and set a “positive” rating on the stock in a report on Friday, July 31st. Zacks Research cut Nextpower from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Wolfe Research reaffirmed an “outperform” rating and set a $160.00 target price on shares of Nextpower in a report on Friday, May 29th. Finally, Weiss Ratings lowered Nextpower from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $146.12.

Get Our Latest Analysis on NXT

Insider Transactions at Nextpower

In related news, Director Julia Blunden sold 3,723 shares of Nextpower stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $88.08, for a total value of $327,921.84. Following the sale, the director directly owned 6,434 shares in the company, valued at approximately $566,706.72. The trade was a 36.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Daniel S. Shugar sold 67,636 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $103.07, for a total value of $6,971,242.52. Following the sale, the chief executive officer owned 871,131 shares of the company’s stock, valued at approximately $89,787,472.17. This trade represents a 7.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 100,431 shares of company stock worth $10,039,748 in the last three months. 0.84% of the stock is 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.