Nextpower Inc. (NASDAQ:NXT) Receives Consensus Rating of “Moderate Buy” from Brokerages

Nextpower Inc. (NASDAQ:NXT) has earned a consensus rating of “Moderate Buy” from the twenty-seven brokerages that are presently covering the firm, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation, seventeen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $95.7619.

A number of analysts recently weighed in on NXT shares. Barclays boosted their target price on Nextpower from $92.00 to $105.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. The Goldman Sachs Group boosted their price objective on shares of Nextpower from $89.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Jefferies Financial Group increased their target price on shares of Nextpower from $84.00 to $104.00 and gave the company a “buy” rating in a report on Friday, October 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Nextpower in a research report on Tuesday. Finally, Mizuho set a $76.00 price target on shares of Nextpower in a research report on Monday, October 20th.

Nextpower Stock Performance

Shares of NASDAQ:NXT opened at $92.00 on Friday. The firm has a market capitalization of $13.65 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 3.18 and a beta of 2.31. Nextpower has a 52-week low of $33.29 and a 52-week high of $112.74. The firm has a fifty day moving average of $89.00 and a 200 day moving average of $71.05.

Nextpower (NASDAQ:NXT) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.21. The firm had revenue of $905.27 million during the quarter, compared to analyst estimates of $839.53 million. Nextpower had a return on equity of 35.05% and a net margin of 17.08%. Nextpower has set its FY 2026 guidance at 4.040-4.250 EPS. On average, sell-side analysts forecast that Nextpower will post 3.29 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director William D. Watkins sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $91.85, for a total transaction of $918,500.00. Following the transaction, the director directly owned 16,777 shares in the company, valued at $1,540,967.45. This trade represents a 37.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Charles D. Boynton sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $67.21, for a total value of $302,445.00. Following the completion of the sale, the chief financial officer owned 295,059 shares of the company’s stock, valued at $19,830,915.39. The trade was a 1.50% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 67,460 shares of company stock valued at $5,970,201. 0.56% of the stock is owned by insiders.

Institutional Investors Weigh In On Nextpower

Institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its holdings in Nextpower by 703.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 659 shares of the company’s stock worth $28,000 after acquiring an additional 577 shares during the last quarter. Cullen Frost Bankers Inc. boosted its holdings in shares of Nextpower by 122.3% during the second quarter. Cullen Frost Bankers Inc. now owns 589 shares of the company’s stock worth $32,000 after purchasing an additional 324 shares during the period. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Nextpower in the third quarter worth about $36,000. Summit Securities Group LLC increased its holdings in Nextpower by 796.0% during the 1st quarter. Summit Securities Group LLC now owns 905 shares of the company’s stock valued at $38,000 after purchasing an additional 804 shares during the period. Finally, BOKF NA increased its holdings in Nextpower by 1,135.7% during the 3rd quarter. BOKF NA now owns 519 shares of the company’s stock valued at $38,000 after purchasing an additional 477 shares during the period. Hedge funds and other institutional investors own 67.41% of the company’s stock.

Nextpower Company Profile

Nextpower, formerly known as Nextracker, an energy solutions company, provides solar trackers and software solutions for utility-scale and distributed generation solar projects in the United States and internationally. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain.