SCP Investment LP Has $339,000 Stock Holdings in Nextpower Inc. $NXT

SCP Investment LP reduced its position in Nextpower Inc. (NASDAQ:NXT) by 71.6% in the 4th quarter, HoldingsChannel reports. The firm owned 3,888 shares of the company’s stock after selling 9,800 shares during the period. SCP Investment LP’s holdings in Nextpower were worth $339,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of NXT. Norges Bank acquired a new stake in shares of Nextpower in the fourth quarter valued at approximately $170,918,000. William Blair Investment Management LLC bought a new stake in Nextpower in the 3rd quarter valued at $108,739,000. Amundi raised its stake in Nextpower by 156.1% in the 3rd 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 during the period. Allianz Asset Management GmbH lifted its holdings in Nextpower by 938.0% during the 3rd quarter. Allianz Asset Management GmbH now owns 794,538 shares of the company’s stock valued at $58,788,000 after purchasing an additional 717,991 shares during the last quarter. Finally, Electron Capital Partners LLC boosted its position in Nextpower by 2,017.7% during the third quarter. Electron Capital Partners LLC now owns 566,415 shares of the company’s stock worth $41,909,000 after purchasing an additional 539,668 shares during the period. Institutional investors and hedge funds own 67.41% of the company’s stock.

More Nextpower News

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Northland Securities raised multiple forward EPS estimates for Nextpower, including Q1 2027, Q1 2028, Q2 2028, Q3 2028 and Q4 2028, while keeping an Outperform rating and a $162 price target, signaling confidence in long-term earnings growth. MarketBeat NXT page
• Positive Sentiment: Nextpower filed a patent infringement lawsuit against GameChange Solar, which may protect its tracker and energy-management technology and support its competitive position in solar infrastructure. Nextpower Files Patent Lawsuit Against GameChange Solar
• Neutral Sentiment: GameChange Energy said it will vigorously defend the patent claims, introducing some litigation uncertainty for both sides. GameChange Energy response
• Negative Sentiment: COO Nicholas Marco Miller sold 22,427 shares and CFO Charles D. Boynton sold 4,500 shares under pre-arranged trading plans. While routine, insider selling can temper enthusiasm if investors worry management sees less near-term upside. Insider trades alert

Insider Activity

In related news, President Howard Wenger sold 62,670 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $130.25, for a total value of $8,162,767.50. Following the completion of the transaction, the president owned 426,467 shares of the company’s stock, valued at $55,547,326.75. The trade was a 12.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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, CEO Daniel S. Shugar sold 26,077 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $134.72, for a total transaction of $3,513,093.44. Following the sale, the chief executive officer directly owned 931,419 shares of the company’s stock, valued at $125,480,767.68. This represents a 2.72% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 228,030 shares of company stock worth $28,812,757. 0.56% of the stock is owned by insiders.

Nextpower Trading Up 5.0%

Shares of NXT opened at $152.22 on Wednesday. Nextpower Inc. has a 12 month low of $51.69 and a 12 month high of $163.13. The firm’s 50 day moving average is $122.42 and its 200-day moving average is $108.73. The stock has a market capitalization of $22.87 billion, a PE ratio of 39.74, a P/E/G ratio of 3.75 and a beta of 1.73.

Nextpower (NASDAQ:NXT) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.16. The business had revenue of $880.52 million for the quarter, compared to the consensus estimate 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 predict that Nextpower Inc. will post 3.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NXT has been the topic of several research analyst reports. Susquehanna increased their price objective on shares of Nextpower from $161.00 to $180.00 and gave the company a “positive” rating in a research report on Monday. JPMorgan Chase & Co. upped their price target on shares of Nextpower from $155.00 to $174.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Citigroup increased their price target on shares of Nextpower from $114.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Wall Street Zen downgraded shares of Nextpower from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, The Goldman Sachs Group set a $140.00 price objective on Nextpower and gave the stock a “buy” rating in a report on Tuesday, April 14th. Twenty analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.18.

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.