Groupe la Francaise Buys 17,127 Shares of Nextpower Inc. $NXT

Posted by Brian Himes on Sep 8th, 2026

Groupe la Francaise increased its stake in Nextpower Inc. (NASDAQ:NXT – Free Report) by 60.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,646 shares of the company’s stock after purchasing an additional 17,127 shares during the quarter. Groupe la Francaise’s holdings in Nextpower were worth $5,441,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in NXT. Smartleaf Asset Management LLC grew its holdings in shares of Nextpower by 107.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the company’s stock worth $26,000 after acquiring an additional 155 shares during the period. Signature Equity Partners LLC boosted its position in Nextpower by 76.4% in the first quarter. Signature Equity Partners LLC now owns 261 shares of the company’s stock worth $31,000 after purchasing an additional 113 shares during the last quarter. Huntington National Bank grew its stake in shares of Nextpower by 480.3% during the 4th quarter. Huntington National Bank now owns 383 shares of the company’s stock valued at $33,000 after purchasing an additional 317 shares during the period. Continuum Advisory LLC purchased a new stake in shares of Nextpower during the 2nd quarter valued at about $37,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake 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 worth $37,000 after purchasing an additional 414 shares during the period. 67.41% of the stock is currently owned by hedge funds and other institutional investors.

Nextpower Stock Performance

Shares of NXT stock opened at $84.50 on Tuesday. The stock has a fifty day simple moving average of $98.65 and a two-hundred day simple moving average of $112.98. The firm has a market capitalization of $12.82 billion, a PE ratio of 21.89, a PEG ratio of 1.70 and a beta of 1.92. Nextpower Inc. has a 52-week low of $64.30 and a 52-week high of $163.13.

Nextpower (NASDAQ:NXT – Get Free Report) last released 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 return on equity of 26.29% and a net margin of 16.36%.The firm had revenue of $935.17 million during the quarter, compared to analyst estimates of $935.39 million. On average, sell-side analysts forecast that Nextpower Inc. will post 3.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NXT has been the subject of several recent research reports. BMO Capital Markets upgraded shares of Nextpower from a “hold” rating to an “outperform” rating and set a $132.00 target price for the company in a research report on Friday, July 31st. UBS Group reaffirmed a “buy” rating and issued a $160.00 target price on shares of Nextpower in a report on Monday, August 3rd. Weiss Ratings lowered Nextpower from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, July 29th. Citigroup decreased their price objective on Nextpower from $145.00 to $132.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Finally, Wolfe Research reiterated an “outperform” rating and set a $160.00 price objective on shares of Nextpower in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Nextpower presently has a consensus rating of “Moderate Buy” and a consensus target price of $146.12.

View Our Latest Stock Report on Nextpower

Insider Buying and Selling

In other Nextpower news, Director Julia Blunden sold 3,723 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $88.08, for a total value of $327,921.84. Following the completion of the transaction, the director directly owned 6,434 shares in the company, valued at $566,706.72. This represents a 36.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Brandi Thomas sold 7,415 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $91.25, for a total transaction of $676,618.75. Following the sale, the director directly owned 7,914 shares of the company’s stock, valued at approximately $722,152.50. This trade represents a 48.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 100,431 shares of company stock worth $10,039,748 in the last quarter. 0.84% of the stock is owned by 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.