Insider Selling: Nextpower (NASDAQ:NXT) CEO Sells $3,513,093.44 in Stock

Nextpower Inc. (NASDAQ:NXT) CEO Daniel Shugar sold 26,077 shares of Nextpower stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $134.72, for a total transaction of $3,513,093.44. Following the sale, the chief executive officer owned 931,419 shares in the company, valued at $125,480,767.68. This represents a 2.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Nextpower Trading Up 14.0%

Shares of NXT stock opened at $156.40 on Friday. The firm has a fifty day simple moving average of $121.89 and a 200-day simple moving average of $108.44. The company has a market capitalization of $23.22 billion, a PE ratio of 40.84, a price-to-earnings-growth ratio of 3.42 and a beta of 1.60. Nextpower Inc. has a twelve month low of $51.69 and a twelve month high of $163.13.

Nextpower (NASDAQ:NXT) last released its quarterly earnings results on Tuesday, May 12th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.16. The firm had revenue of $880.52 million for the quarter, compared to the consensus estimate 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. Equities research analysts predict that Nextpower Inc. will post 3.71 EPS for the current year.

Trending Headlines about Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower announced a definitive agreement to acquire Prevalon Energy, a move that opens a new battery energy storage and AI data center infrastructure growth channel and could broaden its total addressable market. Article: Nextpower Announces Entry into Battery Energy Storage (BESS) and AI Data Center Markets…
• Positive Sentiment: The company also raised its fiscal 2027 outlook, reinforcing confidence that the acquisition and related market expansion could accelerate future revenue and EBITDA growth. Article: A Green Energy Revival Is Under Way. Nextpower Is Leading the Charge.
• Positive Sentiment: Several analysts turned more constructive, with multiple firms raising price targets and reiterating overweight/buy ratings, including JPMorgan, KeyCorp, BNP Paribas Exane, and Wells Fargo. Article: Analyst price target updates on Nextpower
• Neutral Sentiment: Insider sales by executives were disclosed, but they were described as pre-arranged 10b5-1 transactions and tax-withholding sales tied to equity vesting, which makes them less likely to be read as a negative operating signal. Article: Daniel Shugar Sells 26,077 Shares of Nextpower (NASDAQ:NXT) Stock

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Alpine Woods Capital Investors LLC bought a new stake in shares of Nextpower in the 1st quarter valued at approximately $297,000. Glenmede Trust Co. NA raised its position in shares of Nextpower by 2.9% during the 1st quarter. Glenmede Trust Co. NA now owns 8,532 shares of the company’s stock valued at $1,029,000 after acquiring an additional 244 shares in the last quarter. FinArc Investments Inc. bought a new position in Nextpower during the first quarter worth $1,933,000. Bank of America Corp DE boosted its holdings in Nextpower by 34.6% in the first quarter. Bank of America Corp DE now owns 1,568,235 shares of the company’s stock worth $189,051,000 after purchasing an additional 402,770 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in Nextpower by 134.3% in the first quarter. Janus Henderson Group PLC now owns 1,362,466 shares of the company’s stock worth $164,488,000 after purchasing an additional 780,958 shares during the period. Institutional investors own 67.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NXT shares. Wells Fargo & Company raised their price objective on Nextpower from $143.00 to $151.00 and gave the company an “overweight” rating in a research note on Friday. Citigroup upped their target price on Nextpower from $114.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Roth Mkm reiterated a “buy” rating and set a $155.00 target price on shares of Nextpower in a research note on Wednesday, May 13th. Jefferies Financial Group raised their price target on shares of Nextpower from $145.00 to $159.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Barclays upped their price target on shares of Nextpower from $123.00 to $142.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Twenty equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Nextpower presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.39.

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.