Q3 EPS Estimate for Nextpower Lowered by Analyst

Nextpower Inc. (NASDAQ:NXT) – Investment analysts at Northland Securities cut their Q3 2027 EPS estimates for Nextpower in a research report issued on Thursday, October 29th. Northland Securities analyst G. Richard now forecasts that the company will post earnings of $0.68 per share for the quarter, down from their prior estimate of $0.99. The consensus estimate for Nextpower’s current full-year earnings is $3.84 per share. Northland Securities also issued estimates for Nextpower’s Q4 2027 earnings at $1.07 EPS, FY2027 earnings at $3.97 EPS, Q1 2028 earnings at $0.99 EPS, Q3 2028 earnings at $1.25 EPS, Q4 2028 earnings at $1.12 EPS and FY2028 earnings at $4.50 EPS.

Nextpower (NASDAQ:NXT) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.21. Nextpower had a return on equity of 26.13% and a net margin of 15.98%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.06 billion.

Several other brokerages have also recently issued reports on NXT. Susquehanna dropped their price objective on shares of Nextpower from $150.00 to $145.00 and set a “positive” rating on the stock in a research note on Thursday, October 29th. Barclays reduced their target price on shares of Nextpower from $147.00 to $146.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th. Piper Sandler lowered their target price on shares of Nextpower from $116.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday, September 30th. BMO Capital Markets dropped their price target on shares of Nextpower from $132.00 to $114.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 21st. Finally, Freedom Capital raised shares of Nextpower from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $135.23.

Nextpower Price Performance

Shares of NASDAQ NXT opened at $91.13 on Tuesday. The stock has a fifty day moving average price of $82.51 and a 200 day moving average price of $106.62. Nextpower has a 1-year low of $75.40 and a 1-year high of $163.13. The company has a market cap of $13.83 billion, a PE ratio of 22.95, a P/E/G ratio of 1.98 and a beta of 1.94.

Hedge Funds Weigh In On Nextpower

A number of institutional investors and hedge funds have recently made changes to their positions in NXT. Fundsmith LLP purchased a new stake in shares of Nextpower in the second quarter valued at $340,275,000. Robeco Schweiz AG boosted its stake in shares of Nextpower by 98.8% during the third quarter. Robeco Schweiz AG now owns 1,721,087 shares of the company’s stock valued at $134,124,000 after acquiring an additional 855,460 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Nextpower by 34.6% during the first quarter. Bank of America Corp DE now owns 1,568,235 shares of the company’s stock valued at $189,051,000 after acquiring an additional 402,770 shares during the last quarter. Janus Henderson Group PLC increased its position in Nextpower by 134.3% during the 1st 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 in the last quarter. Finally, Assetmark Inc. increased its position in Nextpower by 96.6% during the 1st quarter. Assetmark Inc. now owns 840,966 shares of the company’s stock worth $101,378,000 after purchasing an additional 413,142 shares in the last quarter. 67.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Brandi Thomas sold 7,415 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $91.25, for a total transaction of $676,618.75. Following the transaction, the director owned 7,914 shares of the company’s stock, valued at $722,152.50. This represents a 48.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Julia Blunden sold 3,723 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $88.08, for a total value of $327,921.84. Following the completion of the transaction, the director owned 6,434 shares of the company’s stock, valued at $566,706.72. The trade was a 36.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 100,431 shares of company stock valued at $10,039,748 over the last three months. 0.84% of the stock is currently owned by corporate insiders.

Nextpower News Roundup

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Jefferies named Nextpower a “franchise pick,” replacing GE Vernova on its preferred list. The endorsement signals confidence in the company’s long-term competitive position and growth prospects. Nextpower rallies 15% after Jefferies names franchise pick
• Positive Sentiment: Nextpower beat quarterly expectations, reporting earnings of $1.31 per share versus the $1.10 consensus, while revenue of $1.11 billion exceeded estimates of $1.06 billion. Management also raised its guidance, supporting expectations for continued earnings growth. Nextpower beats and lifts guidance
• Positive Sentiment: The earnings call highlighted record growth and an improved outlook, reinforcing the view that demand and operating momentum remain strong. Nextpower earnings call highlights record growth and raised outlook
• Positive Sentiment: Wells Fargo reiterated a Buy rating, adding to the positive analyst sentiment surrounding the stock. Nextpower gets a Buy from Wells Fargo
• Neutral Sentiment: Janus Henderson maintained a long-term bullish view despite identifying revenue headwinds, suggesting institutional investors remain constructive but expect uneven near-term performance. Nextpower faces revenue headwinds
• Negative Sentiment: Wells Fargo trimmed its price target, and commentary has raised concerns that the stock may already reflect much of the improved outlook. This creates valuation risk after the recent rally. Nextpower price target trimmed
• Negative Sentiment: Risks surrounding the Saudi solar joint venture—including execution and governance concerns—could complicate Nextpower’s international expansion and financial outlook. Risks cloud Saudi solar expansion

Nextpower Company Profile

Nextracker Inc is a renewable energy technology company that designs, manufactures and supplies intelligent solar-tracking systems for utility-scale and large commercial solar power projects. Its systems adjust the position of solar panels throughout the day to help photovoltaic modules capture more sunlight and improve energy production.

The company’s product portfolio includes single-axis solar trackers, structural components, foundations and related hardware, as well as software and controls designed to optimize tracker performance.