California State Teachers Retirement System Raises Position in Nextpower Inc. $NXT

California State Teachers Retirement System grew its holdings in Nextpower Inc. (NASDAQ:NXT) by 24.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 172,977 shares of the company’s stock after buying an additional 33,497 shares during the quarter. California State Teachers Retirement System’s holdings in Nextpower were worth $20,852,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Quantinno Capital Management LP raised its stake in shares of Nextpower by 30.0% in the first quarter. Quantinno Capital Management LP now owns 19,826 shares of the company’s stock valued at $2,390,000 after acquiring an additional 4,577 shares in the last quarter. SummitTX Capital L.P. purchased a new position in Nextpower in the first quarter valued at $503,000. Lazard Asset Management LLC grew its stake in Nextpower by 22.3% during the 1st quarter. Lazard Asset Management LLC now owns 34,353 shares of the company’s stock worth $4,141,000 after purchasing an additional 6,272 shares in the last quarter. Castleark Management LLC grew its stake in Nextpower by 8.1% during the 1st quarter. Castleark Management LLC now owns 114,074 shares of the company’s stock worth $13,752,000 after purchasing an additional 8,590 shares in the last quarter. Finally, Gateway Wealth Partners LLC purchased a new stake in Nextpower during the 1st quarter worth about $412,000. Hedge funds and other institutional investors own 67.41% of the company’s stock.

Nextpower News Summary

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Profitability and cash flow improved. Nextpower reported Q1 FY2027 revenue of approximately $935 million, up 8.2% year over year, while gross profit increased 19.2% to $335.9 million. Operating cash flow rose 48.9% to $121.1 million, and the company ended the quarter with $1.2 billion in cash. Adjusted EPS of $1.20 exceeded the $1.05 consensus estimate, although reported GAAP diluted EPS was $1.07. Nextpower Reports Q1 Fiscal Year 2027 Financial Results
• Positive Sentiment: Outlook and strategic expansion provided support. Nextpower posted record fiscal-year revenue of $3.56 billion and raised its 2027 outlook. It also completed the acquisition of Zigor’s power-conversion assets and Apex Power, expanding its inverter and energy-storage offerings while accelerating U.S. manufacturing. Nextpower posts record FY26 revenue and raises 2027 outlook Nextpower Completes Acquisition of Power Conversion Assets
• Neutral Sentiment: Analysts remain broadly bullish, but targets were trimmed. Truist raised its target to $145, while RBC, JPMorgan and Susquehanna lowered targets to $147, $152 and $157, respectively. Each firm maintained a positive rating, leaving targets well above the current trading level but signaling somewhat reduced expectations.
• Neutral Sentiment: Options-market activity is drawing attention, but it does not establish a clear direction for NXT shares. Is the Options Market Predicting a Spike in Nextpower Stock?
• Negative Sentiment: Investors questioned the quality and durability of reported earnings. One analysis argued that more than $100 million in subsidies and over $100 million in annual stock-based compensation inflate headline profitability, while revenue growth could slow to below 5% by 2026. The company’s dependence on subsidies also limits organic expansion outside the United States. Nextpower: Correctly Estimating The Impact Of Risk
• Negative Sentiment: Recent insider-trading data showed 24 open-market sales and no purchases over six months, including sales by senior executives. That pattern may reinforce caution among investors.

Insider Buying and Selling at Nextpower

In related news, President Howard Wenger sold 62,670 shares of the company’s stock in a transaction that occurred on 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 directly owned 426,467 shares of the company’s stock, valued at $55,547,326.75. This represents a 12.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 22,427 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $156.00, for a total transaction of $3,498,612.00. Following the completion of the transaction, the chief operating officer owned 186,194 shares in the company, valued at $29,046,264. This represents a 10.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 168,574 shares of company stock worth $22,559,770. 0.84% of the stock is currently owned by corporate insiders.

Nextpower Price Performance

Nextpower stock opened at $89.87 on Friday. Nextpower Inc. has a 1-year low of $52.61 and a 1-year high of $163.13. The stock has a market cap of $13.50 billion, a PE ratio of 23.28, a P/E/G ratio of 1.79 and a beta of 1.86. The stock’s fifty day moving average is $117.50 and its two-hundred day moving average is $116.28.

Nextpower (NASDAQ:NXT) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.15. The company had revenue of $935.17 million during the quarter, compared to the consensus estimate of $935.39 million. Nextpower had a return on equity of 27.50% and a net margin of 16.36%. On average, research analysts expect that Nextpower Inc. will post 3.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NXT shares. Zacks Research raised Nextpower from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Jefferies Financial Group reissued a “buy” rating and set a $131.00 price objective on shares of Nextpower in a research report on Friday. Mizuho upped their target price on shares of Nextpower from $130.00 to $142.00 and gave the stock a “neutral” rating in a research note on Monday, June 8th. KeyCorp raised their target price on shares of Nextpower from $152.00 to $164.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Finally, Citigroup raised their target price on shares of Nextpower from $114.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $148.42.

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.