Northland Capmk Upgrades Nextpower (NASDAQ:NXT) to “Strong-Buy”

Nextpower (NASDAQ:NXT) was upgraded by equities research analysts at Northland Capmk from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports. Northland Capmk also issued estimates for Nextpower’s Q4 2027 earnings at $0.89 EPS.

Several other research firms also recently weighed in on NXT. Susquehanna raised their target price on shares of Nextpower from $76.00 to $100.00 and gave the company a “positive” rating in a report on Monday, October 13th. Wells Fargo & Company upped their price target on shares of Nextpower from $72.00 to $109.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft set a $99.00 price objective on shares of Nextpower and gave the stock a “buy” rating in a research note on Friday, October 24th. Citigroup upgraded Nextpower from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $66.00 to $114.00 in a research report on Tuesday, October 21st. Finally, Northland Securities set a $111.00 target price on Nextpower in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Nextpower has an average rating of “Moderate Buy” and a consensus price target of $98.43.

Nextpower Price Performance

NASDAQ NXT opened at $91.51 on Tuesday. The business has a 50 day moving average price of $92.42 and a 200 day moving average price of $77.08. The company has a market capitalization of $13.58 billion, a P/E ratio of 23.77, a PEG ratio of 3.11 and a beta of 2.38. Nextpower has a 1-year low of $36.06 and a 1-year high of $112.74.

Nextpower (NASDAQ:NXT) last posted its earnings results on Thursday, October 23rd. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.21. The company had revenue of $905.27 million for the quarter, compared to analyst estimates of $839.53 million. Nextpower had a return on equity of 35.05% and a net margin of 17.08%.Nextpower has set its FY 2026 guidance at 4.040-4.250 EPS. On average, research analysts expect that Nextpower will post 3.29 earnings per share for the current fiscal year.

Insider Activity at Nextpower

In related news, CAO David P. Bennett sold 33,725 shares of the firm’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 transaction of $2,970,498.00. Following the sale, the chief accounting officer owned 130,967 shares in the company, valued at approximately $11,535,573.36. This trade represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William D. Watkins sold 10,000 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $91.85, for a total value of $918,500.00. Following the completion of the transaction, the director owned 16,777 shares of the company’s stock, valued at $1,540,967.45. This trade represents a 37.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 91,468 shares of company stock valued at $8,246,979. Company insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Nextpower

Several large investors have recently added to or reduced their stakes in NXT. Cullen Frost Bankers Inc. grew its holdings in Nextpower by 122.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 589 shares of the company’s stock valued at $32,000 after buying an additional 324 shares during the period. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Nextpower in the third quarter worth approximately $36,000. Northwestern Mutual Wealth Management Co. grew its holdings in Nextpower by 511.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 495 shares of the company’s stock valued at $37,000 after purchasing an additional 414 shares during the period. BOKF NA increased its position in Nextpower by 1,135.7% during the third quarter. BOKF NA now owns 519 shares of the company’s stock worth $38,000 after purchasing an additional 477 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its position in Nextpower by 1,737.8% during the second quarter. Hantz Financial Services Inc. now owns 827 shares of the company’s stock worth $45,000 after purchasing an additional 782 shares during the last quarter. 67.41% of the stock is currently owned by hedge funds and other institutional investors.

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.