Leonteq Securities AG Acquires Shares of 9,143 Nextpower Inc. $NXT

Leonteq Securities AG acquired a new stake in Nextpower Inc. (NASDAQ:NXT) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 9,143 shares of the company’s stock, valued at approximately $796,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NXT. William Blair Investment Management LLC acquired a new stake in Nextpower in the 3rd quarter valued at about $108,739,000. Amundi increased its position in Nextpower by 156.1% in the 3rd quarter. Amundi now owns 2,111,628 shares of the company’s stock valued at $161,600,000 after acquiring an additional 1,287,071 shares in the last quarter. Allianz Asset Management GmbH increased its position in Nextpower by 938.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 794,538 shares of the company’s stock valued at $58,788,000 after acquiring an additional 717,991 shares in the last quarter. Electron Capital Partners LLC increased its position in Nextpower by 2,017.7% in the 3rd quarter. Electron Capital Partners LLC now owns 566,415 shares of the company’s stock valued at $41,909,000 after acquiring an additional 539,668 shares in the last quarter. Finally, Danske Bank A S acquired a new stake in Nextpower in the 3rd quarter valued at about $33,298,000. Institutional investors and hedge funds own 67.41% of the company’s stock.

Insider Activity

In other news, COO Nicholas Marco Miller sold 24,511 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $127.32, for a total value of $3,120,740.52. Following the transaction, the chief operating officer owned 221,533 shares of the company’s stock, valued at approximately $28,205,581.56. This trade represents a 9.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Daniel S. Shugar sold 59,456 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $105.17, for a total transaction of $6,252,987.52. Following the completion of the transaction, the chief executive officer directly owned 746,339 shares in the company, valued at $78,492,472.63. This trade represents a 7.38% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 139,949 shares of company stock valued at $15,452,995. 0.56% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on NXT shares. Loop Capital set a $135.00 price objective on shares of Nextpower in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $140.00 price objective on shares of Nextpower in a research report on Thursday, May 14th. TD Cowen raised their price objective on shares of Nextpower from $105.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, May 13th. BMO Capital Markets raised their price objective on shares of Nextpower from $113.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Nextpower from $125.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Nextpower currently has an average rating of “Moderate Buy” and an average target price of $136.54.

Nextpower Trading Up 7.8%

Shares of NASDAQ NXT opened at $130.50 on Friday. The firm has a market capitalization of $19.38 billion, a PE ratio of 34.07, a price-to-earnings-growth ratio of 2.98 and a beta of 1.60. Nextpower Inc. has a 1 year low of $51.69 and a 1 year high of $156.78. The firm’s 50-day moving average is $119.89 and its 200-day moving average is $107.28.

Nextpower (NASDAQ:NXT) last issued its earnings results on Tuesday, May 12th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.16. The company had revenue of $880.52 million for the quarter, compared to analyst estimates of $826.26 million. Nextpower had a net margin of 16.46% and a return on equity of 28.18%. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. As a group, equities research analysts anticipate that Nextpower Inc. will post 3.76 earnings per share for the current fiscal year.

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.