Nextpower Inc. $NXT is Blue Door Asset Management LLC’s 4th Largest Position

Blue Door Asset Management LLC trimmed its holdings in shares of Nextpower Inc. (NASDAQ:NXT) by 25.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 308,457 shares of the company’s stock after selling 108,009 shares during the period. Nextpower comprises approximately 8.7% of Blue Door Asset Management LLC’s holdings, making the stock its 4th biggest holding. Blue Door Asset Management LLC’s holdings in Nextpower were worth $16,771,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. State of Michigan Retirement System lifted its position in shares of Nextpower by 0.6% in the second quarter. State of Michigan Retirement System now owns 34,600 shares of the company’s stock valued at $1,881,000 after acquiring an additional 200 shares in the last quarter. Flputnam Investment Management Co. lifted its holdings in Nextpower by 2.4% in the 1st quarter. Flputnam Investment Management Co. now owns 8,621 shares of the company’s stock valued at $363,000 after purchasing an additional 201 shares in the last quarter. Boston Partners lifted its holdings in Nextpower by 2.7% in the 1st quarter. Boston Partners now owns 10,494 shares of the company’s stock valued at $442,000 after purchasing an additional 280 shares in the last quarter. Cullen Frost Bankers Inc. grew 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 buying an additional 324 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of Nextpower by 2.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,013 shares of the company’s stock valued at $872,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 67.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NXT. UBS Group raised their target price on shares of Nextpower to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Cowen restated a “hold” rating on shares of Nextpower in a report on Friday, October 24th. Susquehanna upped their target price on Nextpower from $76.00 to $100.00 and gave the company a “positive” rating in a research note on Monday, October 13th. JPMorgan Chase & Co. increased their target price on Nextpower from $92.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Finally, The Goldman Sachs Group lifted their price target on Nextpower from $89.00 to $125.00 and gave the company a “buy” rating in a report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.76.

Nextpower Trading Up 0.9%

NASDAQ NXT opened at $89.39 on Thursday. The stock has a market cap of $13.26 billion, a P/E ratio of 23.22, a PEG ratio of 3.07 and a beta of 2.35. The company’s fifty day simple moving average is $91.42 and its 200-day simple moving average is $72.78. Nextpower Inc. has a 52 week low of $33.29 and a 52 week high of $112.74.

Nextpower (NASDAQ:NXT) last released 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. Nextpower had a net margin of 17.08% and a return on equity of 35.05%. The firm had revenue of $905.27 million for the quarter, compared to the consensus estimate of $839.53 million. Nextpower has set its FY 2026 guidance at 4.040-4.250 EPS. On average, research analysts expect that Nextpower Inc. will post 3.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director William D. Watkins sold 10,000 shares of the 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 completion of the transaction, the director directly owned 16,777 shares in the company, valued at approximately $1,540,967.45. This represents a 37.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Charles D. Boynton sold 4,500 shares of the company’s 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 completion of the sale, the chief financial officer directly owned 295,059 shares in the company, valued at $19,830,915.39. This represents a 1.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 67,460 shares of company stock worth $5,970,201. 0.56% of the stock is owned by insiders.

About Nextpower

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.