Nextpower’s (NXT) “Buy” Rating Reiterated at Roth Capital

Roth Capital reaffirmed their buy rating on shares of Nextpower (NASDAQ:NXT) in a research report released on Tuesday morning,Benzinga reports. Roth Capital currently has a $175.00 price objective on the stock.

Other analysts have also issued reports about the stock. TD Cowen reduced their price objective on shares of Nextpower from $135.00 to $118.00 and set a “hold” rating for the company in a research note on Monday, July 20th. Wall Street Zen downgraded shares of Nextpower from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Mizuho boosted their price target on shares of Nextpower from $130.00 to $142.00 and gave the company a “neutral” rating in a report on Monday, June 8th. Northland Securities upped their price target on shares of Nextpower from $148.00 to $162.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Finally, Guggenheim raised shares of Nextpower from a “neutral” rating to a “buy” rating and set a $125.00 price objective for the company in a research note on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Nextpower presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.42.

Nextpower Stock Up 4.6%

Shares of Nextpower stock opened at $96.90 on Tuesday. Nextpower has a 12-month low of $52.61 and a 12-month high of $163.13. The firm has a market capitalization of $14.56 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 1.85 and a beta of 1.86. The stock’s fifty day moving average is $118.31 and its 200-day moving average is $116.47.

Nextpower (NASDAQ:NXT) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.15. The business had revenue of $935.17 million during the quarter, compared to analyst estimates of $935.39 million. Nextpower had a return on equity of 28.18% and a net margin of 16.46%. Analysts expect that Nextpower will post 3.73 EPS for the current year.

Insider Activity at Nextpower

In other news, President Howard Wenger sold 62,670 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $130.25, for a total value of $8,162,767.50. Following the transaction, the president directly owned 426,467 shares of the company’s stock, valued at approximately $55,547,326.75. This represents a 12.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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. Also, insider Bruce Ledesma sold 3,248 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $134.72, for a total value of $437,570.56. Following the sale, the insider owned 246,130 shares of the company’s stock, valued at approximately $33,158,633.60. This represents a 1.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last ninety days, insiders have sold 168,574 shares of company stock worth $22,559,770. 0.84% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp raised its stake in shares of Nextpower by 0.6% during the 3rd quarter. State Street Corp now owns 5,391,696 shares of the company’s stock worth $398,932,000 after purchasing an additional 31,689 shares in the last quarter. Geode Capital Management LLC increased its holdings in Nextpower by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 4,021,741 shares of the company’s stock worth $350,385,000 after buying an additional 236,593 shares during the last quarter. Invesco Ltd. increased its holdings in Nextpower by 5.1% in the fourth quarter. Invesco Ltd. now owns 2,864,660 shares of the company’s stock worth $249,541,000 after buying an additional 139,211 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Nextpower by 4.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,429,410 shares of the company’s stock valued at $211,627,000 after acquiring an additional 111,782 shares in the last quarter. Finally, Amundi raised its position in Nextpower by 156.1% during the third 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. Hedge funds and other institutional investors own 67.41% of the company’s stock.

More Nextpower News

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Q1 FY2027 earnings exceeded expectations: Nextpower reported adjusted EPS of $1.20, above the $1.05 consensus estimate. Revenue reached $935.2 million, essentially matching expectations and rising 8.2% year over year. GAAP diluted EPS was $1.07, compared with $1.04 a year earlier. Nextpower quarterly earnings report
• Positive Sentiment: Profitability and cash generation improved: Gross profit increased 19.2% to $335.9 million, lifting gross margin to 35.9% from 32.6% a year earlier. Operating cash flow climbed 48.9% to $121.1 million, while cash and equivalents reached approximately $1.2 billion. Nextpower Q1 fiscal year 2027 financial results
• Positive Sentiment: Power-conversion acquisition completed: Nextpower finalized its purchase of power-conversion assets from Zigor Corporation and Apex Power, expanding its platform with certified central inverters for U.S. utility-scale solar and energy-storage projects. The deal could accelerate the company’s U.S. manufacturing ramp. Nextpower acquisition announcement
• Neutral Sentiment: Analyst sentiment remains favorable: Roth Capital reiterated its Buy rating, and 16 analysts have issued price targets during the past six months with a median target of $150.22. However, analyst targets are not guarantees and reflect expectations rather than new company guidance. Roth Capital rating on Nextpower
• Negative Sentiment: Insider selling is a risk signal: Company insiders reported 24 open-market sales and no purchases over the past six months, including sales by the CEO, president, COO and CFO. Institutional activity was mixed, with 327 investors adding shares and 275 reducing positions. Nextpower earnings and trading activity

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.