Pacer Advisors Inc. Sells 553,792 Shares of Nextpower Inc. $NXT

Pacer Advisors Inc. trimmed its holdings in Nextpower Inc. (NASDAQ:NXT) by 96.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,720 shares of the company’s stock after selling 553,792 shares during the period. Pacer Advisors Inc.’s holdings in Nextpower were worth $1,459,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Inspire Investing LLC acquired a new position in shares of Nextpower in the 3rd quarter valued at approximately $2,383,000. Alhambra Investment Management LLC bought a new position in Nextpower in the third quarter valued at approximately $237,000. Swedbank AB boosted its holdings in shares of Nextpower by 19.7% in the third quarter. Swedbank AB now owns 136,500 shares of the company’s stock valued at $10,100,000 after buying an additional 22,500 shares during the period. Andrew Hill Investment Advisors Inc. acquired a new position in shares of Nextpower in the third quarter valued at approximately $3,948,000. Finally, Farther Finance Advisors LLC increased its position in shares of Nextpower by 8.3% during the third quarter. Farther Finance Advisors LLC now owns 2,585 shares of the company’s stock worth $191,000 after acquiring an additional 198 shares in the last quarter. Institutional investors and hedge funds own 67.41% of the company’s stock.

Insiders Place Their Bets

In other Nextpower news, Director William D. Watkins sold 10,000 shares of the stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $91.85, for a total value of $918,500.00. Following the completion of the sale, the director owned 16,777 shares in the company, valued at $1,540,967.45. This trade represents a 37.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Daniel S. Shugar sold 47,743 shares of Nextpower stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $91.28, for a total transaction of $4,357,981.04. Following the completion of the transaction, the chief executive officer directly owned 624,882 shares of the company’s stock, valued at approximately $57,039,228.96. This trade represents a 7.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 91,468 shares of company stock valued at $8,246,979. 0.56% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on NXT shares. JPMorgan Chase & Co. boosted their price objective on shares of Nextpower from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Bank of America boosted their price target on Nextpower from $94.00 to $102.00 and gave the company a “buy” rating in a report on Friday, November 14th. Jefferies Financial Group cut Nextpower from a “strong-buy” rating to a “hold” rating in a research report on Sunday, December 14th. Citigroup raised Nextpower from a “neutral” rating to a “buy” rating and lifted their target price for the company from $66.00 to $114.00 in a research report on Tuesday, October 21st. Finally, Mizuho set a $76.00 target price on Nextpower in a research note on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $95.76.

Nextpower Stock Performance

NXT opened at $87.11 on Friday. The business’s 50-day simple moving average is $92.82 and its 200 day simple moving average is $76.17. Nextpower Inc. has a 52-week low of $36.06 and a 52-week high of $112.74. The firm has a market capitalization of $12.93 billion, a PE ratio of 22.63, a PEG ratio of 3.02 and a beta of 2.38.

Nextpower (NASDAQ:NXT) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $1.19 earnings per share 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 firm had revenue of $905.27 million for the quarter, compared to analyst estimates of $839.53 million. Nextpower has set its FY 2026 guidance at 4.040-4.250 EPS. On average, research analysts forecast that Nextpower Inc. will post 3.29 earnings per share for the current year.

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.