5,329 Shares in Nextpower Inc. $NXT Bought by Hilltop Holdings Inc.

Hilltop Holdings Inc. purchased a new stake in shares of Nextpower Inc. (NASDAQ:NXT) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,329 shares of the company’s stock, valued at approximately $642,000.

Other institutional investors have also bought and sold shares of the company. Legal & General Group Plc grew its position in Nextpower by 4.6% in the fourth quarter. Legal & General Group Plc now owns 414,304 shares of the company’s stock worth $36,090,000 after acquiring an additional 18,380 shares in the last quarter. Assetmark Inc. raised its position in Nextpower by 342,159.2% during the fourth quarter. Assetmark Inc. now owns 427,824 shares of the company’s stock valued at $37,268,000 after purchasing an additional 427,699 shares during the period. Andrew Hill Investment Advisors Inc. raised its position in Nextpower by 31.2% during the fourth quarter. Andrew Hill Investment Advisors Inc. now owns 70,025 shares of the company’s stock valued at $6,100,000 after purchasing an additional 16,666 shares during the period. Azzad Asset Management Inc. ADV purchased a new stake in Nextpower during the fourth quarter valued at approximately $988,000. Finally, Gateway Investment Advisers LLC lifted its stake in shares of Nextpower by 215.1% in the 4th quarter. Gateway Investment Advisers LLC now owns 24,006 shares of the company’s stock valued at $2,091,000 after purchasing an additional 16,388 shares during the last quarter. Institutional investors own 67.41% of the company’s stock.

Insider Buying and Selling

In other Nextpower news, CFO Charles D. Boynton sold 4,500 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $151.79, for a total transaction of $683,055.00. Following the completion of the sale, the chief financial officer owned 358,500 shares in the company, valued at $54,416,715. This represents a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bruce Ledesma sold 3,248 shares of Nextpower stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $134.72, for a total transaction of $437,570.56. Following the completion of the transaction, the insider directly owned 246,130 shares in the company, valued at approximately $33,158,633.60. The trade was a 1.30% 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. Insiders sold 168,574 shares of company stock valued at $22,559,770 over the last quarter. 0.84% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on NXT shares. Susquehanna dropped their target price on Nextpower from $180.00 to $168.00 and set a “positive” rating for the company in a report on Friday, July 10th. JPMorgan Chase & Co. increased their price target on Nextpower from $155.00 to $174.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Jefferies Financial Group set a $153.00 price target on Nextpower in a research report on Friday, June 26th. Northland Securities lifted their price objective on shares of Nextpower from $148.00 to $162.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Finally, Wall Street Zen cut shares of Nextpower from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $150.62.

Nextpower Stock Performance

NXT opened at $100.03 on Monday. The stock’s 50 day moving average price is $120.70 and its 200-day moving average price is $116.27. Nextpower Inc. has a one year low of $52.61 and a one year high of $163.13. The stock has a market cap of $15.03 billion, a price-to-earnings ratio of 26.12, a P/E/G ratio of 2.00 and a beta of 1.86.

Nextpower (NASDAQ:NXT) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.16. Nextpower had a return on equity of 28.18% and a net margin of 16.46%.The company had revenue of $880.52 million during the quarter, compared to analysts’ expectations of $826.26 million. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. As a group, analysts predict that Nextpower Inc. will post 3.73 earnings per share for the current fiscal year.

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.