American Century Companies Inc. Purchases 323,717 Shares of Nextpower Inc. $NXT

American Century Companies Inc. lifted its position in Nextpower Inc. (NASDAQ:NXT) by 144.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 547,590 shares of the company’s stock after acquiring an additional 323,717 shares during the period. American Century Companies Inc.’s holdings in Nextpower were worth $29,772,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Primecap Management Co. CA raised its holdings in Nextpower by 1.1% in the 2nd quarter. Primecap Management Co. CA now owns 7,675,821 shares of the company’s stock worth $417,334,000 after acquiring an additional 83,227 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Nextpower by 56.5% in the 1st quarter. Wellington Management Group LLP now owns 5,237,833 shares of the company’s stock worth $220,722,000 after purchasing an additional 1,890,445 shares in the last quarter. Encompass Capital Advisors LLC raised its stake in shares of Nextpower by 72.5% in the first quarter. Encompass Capital Advisors LLC now owns 2,630,114 shares of the company’s stock worth $110,833,000 after purchasing an additional 1,105,617 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Nextpower by 8.3% during the second quarter. Handelsbanken Fonder AB now owns 2,303,206 shares of the company’s stock valued at $125,225,000 after purchasing an additional 176,530 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its position in shares of Nextpower by 6.0% during the second quarter. Westfield Capital Management Co. LP now owns 1,317,564 shares of the company’s stock valued at $71,636,000 after buying an additional 74,413 shares during the last quarter. Hedge funds and other institutional investors own 67.41% of the company’s stock.

Insider Activity

In related news, CFO Charles D. Boynton sold 4,500 shares of Nextpower stock in a transaction on Monday, September 15th. The shares were sold at an average price of $67.21, for a total transaction of $302,445.00. Following the transaction, the chief financial officer owned 295,059 shares in the company, valued at approximately $19,830,915.39. The trade was a 1.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Howard Wenger sold 5,217 shares of the company’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $75.00, for a total transaction of $391,275.00. Following the completion of the transaction, the president directly owned 409,039 shares of the company’s stock, valued at $30,677,925. This represents a 1.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 67,460 shares of company stock valued at $5,970,201. 0.56% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on NXT. Weiss Ratings reissued a “buy (b-)” rating on shares of Nextpower in a research report on Tuesday, November 25th. JPMorgan Chase & Co. boosted their price objective on shares of Nextpower from $92.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, October 24th. Wall Street Zen downgraded shares of Nextpower from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 25th. Bank of America lifted their target price on shares of Nextpower from $94.00 to $102.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Finally, TD Cowen increased their price target on Nextpower from $65.00 to $88.00 and gave the company a “hold” rating in a report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $95.76.

Nextpower Stock Up 1.5%

NASDAQ NXT opened at $92.00 on Monday. Nextpower Inc. has a 52 week low of $33.29 and a 52 week high of $112.74. The company has a market capitalization of $13.65 billion, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 3.18 and a beta of 2.35. The stock’s 50-day moving average price is $89.00 and its 200-day moving average price is $71.17.

Nextpower (NASDAQ:NXT) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.21. Nextpower had a return on equity of 35.05% and a net margin of 17.08%.The company had revenue of $905.27 million during the quarter, compared to the consensus estimate of $839.53 million. Nextpower has set its FY 2026 guidance at 4.040-4.250 EPS. Research analysts anticipate that Nextpower Inc. will post 3.29 EPS for the current year.

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.