Jackson Creek Investment Advisors LLC Has $1.68 Million Position in Nextpower Inc. $NXT

Jackson Creek Investment Advisors LLC reduced its holdings in Nextpower Inc. (NASDAQ:NXT) by 38.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,255 shares of the company’s stock after selling 11,944 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Nextpower were worth $1,677,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. increased its stake in Nextpower by 268.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 306 shares of the company’s stock valued at $28,000 after buying an additional 223 shares during the last quarter. Baillie Gifford & Co. increased its stake in Nextpower by 76.5% in the 4th quarter. Baillie Gifford & Co. now owns 420 shares of the company’s stock valued at $37,000 after buying an additional 182 shares during the last quarter. Foster Dykema Cabot & Partners LLC acquired a new stake in Nextpower in the 3rd quarter valued at $36,000. Northwestern Mutual Wealth Management Co. increased its stake in Nextpower by 511.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 495 shares of the company’s stock valued at $37,000 after buying an additional 414 shares during the last quarter. Finally, Rakuten Securities Inc. increased its stake in Nextpower by 324.8% in the 4th quarter. Rakuten Securities Inc. now owns 514 shares of the company’s stock valued at $45,000 after buying an additional 393 shares during the last quarter. 67.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Nextpower

In other Nextpower news, President Howard Wenger sold 9,051 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $121.02, for a total value of $1,095,352.02. Following the completion of the sale, the president owned 499,531 shares of the company’s stock, valued at $60,453,241.62. The trade was a 1.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $127.32, for a total transaction of $3,120,740.52. Following the completion of the sale, the chief operating officer directly owned 221,533 shares of the company’s stock, valued at $28,205,581.56. This represents a 9.96% decrease in their position. 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. Insiders sold 149,000 shares of company stock valued at $16,548,347 in the last quarter. Company insiders own 0.56% of the company’s stock.

Nextpower Stock Performance

Shares of NXT opened at $131.21 on Wednesday. Nextpower Inc. has a 52 week low of $51.69 and a 52 week high of $156.78. The firm has a market cap of $19.48 billion, a P/E ratio of 34.26, a price-to-earnings-growth ratio of 3.21 and a beta of 1.60. The firm’s 50-day simple moving average is $120.41 and its 200 day simple moving average is $107.67.

Nextpower (NASDAQ:NXT) last announced its quarterly 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 business had revenue of $880.52 million for the quarter, compared to analyst estimates 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. As a group, equities analysts forecast that Nextpower Inc. will post 3.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NXT. BMO Capital Markets lifted their price target on shares of Nextpower from $113.00 to $125.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. Wall Street Zen lowered shares of Nextpower from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Mizuho boosted their price objective on shares of Nextpower from $112.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $140.00 price objective on shares of Nextpower in a research note on Thursday, May 14th. Finally, BNP Paribas Exane boosted their price objective on shares of Nextpower from $145.00 to $177.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Nextpower has an average rating of “Moderate Buy” and a consensus target price of $136.54.

About Nextpower

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.