Nextpower (NASDAQ:NXT) Price Target Raised to $96.00

Nextpower (NASDAQ:NXT) had its target price raised by Royal Bank Of Canada from $93.00 to $96.00 in a report released on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other equities analysts have also issued reports about the company. Roth Capital reiterated a “buy” rating and issued a $120.00 price objective on shares of Nextpower in a research report on Thursday. Robert W. Baird set a $100.00 price objective on shares of Nextpower in a research report on Friday, October 31st. Northland Capmk cut shares of Nextpower from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. The Goldman Sachs Group increased their target price on Nextpower from $89.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Finally, Wells Fargo & Company boosted their price target on Nextpower from $72.00 to $109.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.76.

Nextpower Stock Up 6.4%

Shares of NASDAQ NXT opened at $93.75 on Thursday. Nextpower has a twelve month low of $33.29 and a twelve month high of $112.74. The stock has a market cap of $13.91 billion, a price-to-earnings ratio of 24.35, a P/E/G ratio of 2.34 and a beta of 2.31. The company’s fifty day moving average is $84.76 and its 200-day moving average is $67.94.

Nextpower (NASDAQ:NXT) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $1.19 EPS for the quarter, topping the consensus estimate of $0.98 by $0.21. Nextpower had a return on equity of 35.05% and a net margin of 17.08%.The business had revenue of $905.27 million for the quarter, compared to the consensus estimate of $839.53 million. Nextpower has set its FY 2026 guidance at 4.040-4.250 EPS. On average, research analysts anticipate that Nextpower will post 3.29 EPS for the current fiscal year.

Insider Activity

In related news, President Howard Wenger sold 5,217 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $75.00, for a total transaction of $391,275.00. Following the completion of the transaction, the president directly owned 409,039 shares of the company’s stock, valued at approximately $30,677,925. This represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Charles D. Boynton sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $67.21, for a total value of $302,445.00. Following the completion of the transaction, the chief financial officer owned 295,059 shares of the company’s stock, valued at approximately $19,830,915.39. This represents a 1.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 15,420 shares of company stock worth $1,092,930 in the last quarter. 0.56% of the stock is currently owned by corporate insiders.

Institutional Trading of Nextpower

A number of large investors have recently added to or reduced their stakes in the company. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Nextpower during the 3rd quarter worth about $36,000. BOKF NA grew its holdings in Nextpower by 1,135.7% during the third quarter. BOKF NA now owns 519 shares of the company’s stock worth $38,000 after purchasing an additional 477 shares during the period. Cullen Frost Bankers Inc. increased its position in Nextpower by 122.3% during the second quarter. Cullen Frost Bankers Inc. now owns 589 shares of the company’s stock worth $32,000 after buying an additional 324 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Nextpower by 703.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 659 shares of the company’s stock valued at $28,000 after buying an additional 577 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in shares of Nextpower by 1,737.8% in the second quarter. Hantz Financial Services Inc. now owns 827 shares of the company’s stock valued at $45,000 after buying an additional 782 shares during the last quarter. Institutional investors and hedge funds own 67.41% of the company’s stock.

Nextpower Company Profile

Nextpower, formerly known as Nextracker, an energy solutions company, provides solar trackers and software solutions for utility-scale and distributed generation solar projects in the United States and internationally. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain.