Nextpower (NASDAQ:NXT) Trading 9.3% Higher – Time to Buy?

Shares of Nextpower Inc. (NASDAQ:NXT) were up 9.3% during trading on Monday . The company traded as high as $99.40 and last traded at $99.6140. Approximately 1,194,780 shares traded hands during trading, a decline of 8% from the average daily volume of 1,299,879 shares. The stock had previously closed at $91.17.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NXT shares. BMO Capital Markets increased their target price on shares of Nextpower from $89.00 to $93.00 and gave the company a “market perform” rating in a report on Friday, October 24th. Needham & Company LLC initiated coverage on Nextpower in a report on Wednesday, October 22nd. They issued a “buy” rating and a $102.00 price target on the stock. Susquehanna raised their price objective on Nextpower from $76.00 to $100.00 and gave the company a “positive” rating in a research note on Monday, October 13th. Deutsche Bank Aktiengesellschaft set a $99.00 target price on Nextpower and gave the stock a “buy” rating in a research report on Friday, October 24th. Finally, Wells Fargo & Company raised their price target on Nextpower from $72.00 to $109.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $98.43.

Nextpower Stock Up 8.7%

The stock has a fifty day moving average price of $91.70 and a two-hundred day moving average price of $78.06. The company has a market capitalization of $14.70 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 3.15 and a beta of 2.38.

Nextpower (NASDAQ:NXT) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $839.53 million. Nextpower has set its FY 2026 guidance at 4.040-4.250 EPS. As a group, research analysts forecast that Nextpower Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Transactions at Nextpower

In other news, CAO David P. Bennett sold 33,725 shares of the business’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 owned 130,967 shares of the company’s stock, valued at $11,535,573.36. The trade was a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William D. Watkins sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 owned 16,777 shares in the company, valued at approximately $1,540,967.45. This trade represents a 37.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 91,468 shares of company stock worth $8,246,979 over the last ninety days. 0.56% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Nextpower

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cullen Frost Bankers Inc. lifted 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 period. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Nextpower during the 3rd quarter valued at about $36,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Nextpower by 511.1% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 495 shares of the company’s stock worth $37,000 after acquiring an additional 414 shares during the period. BOKF NA lifted its holdings in shares of Nextpower by 1,135.7% during the 3rd quarter. BOKF NA now owns 519 shares of the company’s stock worth $38,000 after acquiring an additional 477 shares during the period. Finally, Hantz Financial Services Inc. boosted 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 worth $45,000 after acquiring an additional 782 shares during the last quarter. Hedge funds and other institutional investors own 67.41% of the company’s stock.

Nextpower Company Profile

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.