Leibman Financial Services Inc. Takes $1.29 Million Position in Nextpower Inc. $NXT

Leibman Financial Services Inc. acquired a new position in shares of Nextpower Inc. (NASDAQ:NXT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 17,470 shares of the company’s stock, valued at approximately $1,293,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bryce Point Capital LLC bought a new position in shares of Nextpower during the second quarter worth approximately $998,000. Ethic Inc. increased its stake in Nextpower by 65.1% during the 2nd quarter. Ethic Inc. now owns 8,469 shares of the company’s stock worth $494,000 after acquiring an additional 3,339 shares during the period. Bank of New York Mellon Corp raised its holdings in Nextpower by 3.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,138,496 shares of the company’s stock valued at $61,900,000 after acquiring an additional 35,642 shares in the last quarter. Moody National Bank Trust Division acquired a new position in Nextpower in the 3rd quarter valued at $1,278,000. Finally, Raymond James Financial Inc. lifted its position in shares of Nextpower by 22.2% during the 1st quarter. Raymond James Financial Inc. now owns 157,634 shares of the company’s stock valued at $6,643,000 after acquiring an additional 28,683 shares during the period. Institutional investors own 67.41% of the company’s stock.

Nextpower Trading Down 1.1%

Shares of Nextpower stock opened at $90.21 on Tuesday. The firm’s 50 day moving average is $92.95 and its 200 day moving average is $75.83. The firm has a market capitalization of $13.39 billion, a PE ratio of 23.43, a price-to-earnings-growth ratio of 3.16 and a beta of 2.35. Nextpower Inc. has a 1 year low of $36.06 and a 1 year high of $112.74.

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

Insider Buying and Selling

In other news, Director William D. Watkins sold 10,000 shares of Nextpower stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $91.85, for a total transaction of $918,500.00. Following the sale, the director directly owned 16,777 shares of the company’s stock, valued at approximately $1,540,967.45. This trade represents a 37.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO David P. Bennett sold 33,725 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $88.08, for a total value of $2,970,498.00. Following the completion of the transaction, the chief accounting officer directly owned 130,967 shares of the company’s stock, valued at $11,535,573.36. This represents a 20.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 91,468 shares of company stock worth $8,246,979 in the last 90 days. Insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on NXT. Jefferies Financial Group downgraded Nextpower from a “strong-buy” rating to a “hold” rating in a research note on Sunday, December 14th. The Goldman Sachs Group boosted their target price on shares of Nextpower from $89.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Wells Fargo & Company increased their price target on shares of Nextpower from $72.00 to $109.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Roth Capital reissued a “buy” rating and issued a $120.00 price objective on shares of Nextpower in a research note on Thursday, November 13th. Finally, BMO Capital Markets boosted their price objective on shares of Nextpower from $89.00 to $93.00 and gave the company a “market perform” rating in a research report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.76.

About Nextpower

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.