Nextpower Inc. $NXT Shares Sold by Nia Impact Advisors LLC

Nia Impact Advisors LLC trimmed its holdings in shares of Nextpower Inc. (NASDAQ:NXT) by 13.8% in the fourth quarter, Holdings Channel reports. The firm owned 74,117 shares of the company’s stock after selling 11,897 shares during the period. Nextpower comprises 2.2% of Nia Impact Advisors LLC’s investment portfolio, making the stock its 11th largest holding. Nia Impact Advisors LLC’s holdings in Nextpower were worth $6,456,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Clearstead Advisors LLC increased its position in shares of Nextpower by 119.3% during the 4th quarter. Clearstead Advisors LLC now owns 3,277 shares of the company’s stock worth $285,000 after purchasing an additional 1,783 shares during the last quarter. Legal & General Group Plc increased its position in shares of Nextpower by 4.6% during the 4th quarter. Legal & General Group Plc now owns 414,304 shares of the company’s stock worth $36,090,000 after purchasing an additional 18,380 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of Nextpower by 101.5% during the 4th quarter. Hantz Financial Services Inc. now owns 4,104 shares of the company’s stock worth $357,000 after purchasing an additional 2,067 shares during the last quarter. Swedbank AB increased its position in shares of Nextpower by 16.8% during the 4th quarter. Swedbank AB now owns 159,500 shares of the company’s stock worth $13,894,000 after purchasing an additional 23,000 shares during the last quarter. Finally, Hartline Investment Corp acquired a new stake in shares of Nextpower during the 4th quarter worth about $209,000. 67.41% of the stock is owned by institutional investors and hedge funds.

Nextpower Price Performance

Shares of Nextpower stock opened at $130.50 on Monday. The business has a 50-day moving average of $119.89 and a 200 day moving average of $107.32. Nextpower Inc. has a 12 month low of $51.69 and a 12 month high of $156.78. The stock has a market capitalization of $19.38 billion, a price-to-earnings ratio of 34.07, a price-to-earnings-growth ratio of 3.21 and a beta of 1.60.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on NXT. Barclays raised their price objective on Nextpower from $123.00 to $142.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. TD Cowen raised their price objective on Nextpower from $105.00 to $135.00 and gave the stock a “hold” rating in a research report on Wednesday, May 13th. Mizuho raised their target price on Nextpower from $112.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. UBS Group raised their target price on Nextpower from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Finally, BMO Capital Markets raised their target price on Nextpower from $113.00 to $125.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $136.54.

Insider Activity

In other news, President Howard Wenger sold 16,090 shares of Nextpower stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $127.32, for a total value of $2,048,578.80. Following the completion of the transaction, the president owned 508,582 shares in the company, valued at approximately $64,752,660.24. This trade represents a 3.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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, COO Nicholas Marco Miller sold 24,511 shares of Nextpower 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 completion of the transaction, the chief operating officer owned 221,533 shares of the company’s stock, valued at $28,205,581.56. The trade was a 9.96% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 139,949 shares of company stock worth $15,452,995. 0.56% of the stock is currently owned by company insiders.

Nextpower 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.