Nextpower (NASDAQ:NXT) Stock Price Down 8.7% on Insider Selling

Nextpower Inc. (NASDAQ:NXT) traded down 8.7% during mid-day trading on Monday following insider selling activity. The company traded as low as $144.53 and last traded at $142.77. 309,113 shares changed hands during trading, a decline of 85% from the average session volume of 2,074,874 shares. The stock had previously closed at $156.40.

Specifically, COO Nicholas Marco Miller sold 22,427 shares of Nextpower stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $156.00, for a total transaction of $3,498,612.00. Following the transaction, the chief operating officer directly owned 186,194 shares in the company, valued at approximately $29,046,264. The trade was a 10.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bruce Ledesma sold 3,248 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $134.72, for a total value of $437,570.56. Following the completion of the sale, the insider owned 246,130 shares in the company, valued at approximately $33,158,633.60. This trade represents a 1.30% decrease in their ownership of the stock. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In other news, CEO Daniel S. Shugar sold 26,077 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $134.72, for a total value of $3,513,093.44. Following the sale, the chief executive officer directly owned 931,419 shares in the company, valued at $125,480,767.68. The trade was a 2.72% decrease in their ownership of the stock. The sale 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.

Analysts Set New Price Targets

NXT has been the topic of a number of research reports. Loop Capital set a $135.00 price target on Nextpower in a report on Wednesday, May 13th. Mizuho boosted their price target on Nextpower from $112.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. BNP Paribas Exane boosted their price target on Nextpower from $177.00 to $182.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Royal Bank Of Canada boosted their price target on Nextpower from $146.00 to $149.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $140.00 price target on shares of Nextpower in a report on Thursday, May 14th. Twenty analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Nextpower has a consensus rating of “Moderate Buy” and an average price target of $147.18.

Trending Headlines about Nextpower

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

Nextpower Stock Up 5.0%

The firm has a market cap of $22.87 billion, a P/E ratio of 39.74, a price-to-earnings-growth ratio of 3.75 and a beta of 1.73. The firm has a fifty day moving average of $122.42 and a 200-day moving average of $108.73.

Nextpower (NASDAQ:NXT) last released its earnings results on Tuesday, May 12th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.16. Nextpower had a return on equity of 28.18% and a net margin of 16.46%.The business had revenue of $880.52 million for the quarter, compared to analyst estimates of $826.26 million. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. On average, equities analysts forecast that Nextpower Inc. will post 3.58 EPS for the current year.

Institutional Trading of Nextpower

Several institutional investors and hedge funds have recently bought and sold shares of NXT. Smartleaf Asset Management LLC raised its holdings in Nextpower by 107.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the company’s stock worth $26,000 after acquiring an additional 155 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in Nextpower by 268.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 306 shares of the company’s stock worth $28,000 after acquiring an additional 223 shares in the last quarter. Signature Equity Partners LLC raised its holdings in Nextpower by 76.4% during the first quarter. Signature Equity Partners LLC now owns 261 shares of the company’s stock worth $31,000 after acquiring an additional 113 shares in the last quarter. Huntington National Bank raised its holdings in Nextpower by 480.3% during the fourth quarter. Huntington National Bank now owns 383 shares of the company’s stock worth $33,000 after acquiring an additional 317 shares in the last quarter. Finally, Foster Dykema Cabot & Partners LLC bought a new stake in Nextpower during the third quarter worth about $36,000. Institutional investors own 67.41% of the company’s stock.

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.