Nextpower Inc. (NASDAQ:NXT) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Nextpower Inc. (NASDAQ:NXT) have received an average recommendation of “Moderate Buy” from the twenty-seven analysts that are presently covering the stock, MarketBeat.com reports. Ten research analysts have rated the stock with a hold recommendation, sixteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $95.7619.

Several equities research analysts have commented on NXT shares. UBS Group raised their price target on shares of Nextpower to $125.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. raised their target price on Nextpower from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Wall Street Zen lowered Nextpower from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 25th. Royal Bank Of Canada increased their price target on Nextpower from $93.00 to $96.00 and gave the stock an “outperform” rating in a research note on Thursday, November 13th. Finally, The Goldman Sachs Group increased their target price on shares of Nextpower from $89.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, October 27th.

Insider Activity at Nextpower

In other Nextpower news, CAO David P. Bennett sold 33,725 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $88.08, for a total value of $2,970,498.00. Following the completion of the sale, the chief accounting officer directly owned 130,967 shares in the company, valued at $11,535,573.36. This represents a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William D. Watkins sold 10,000 shares of the stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $91.85, for a total value of $918,500.00. Following the transaction, the director directly owned 16,777 shares of the company’s stock, valued at approximately $1,540,967.45. The trade was a 37.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 96,685 shares of company stock valued at $8,638,254. Insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NXT. Allworth Financial LP lifted its holdings in Nextpower by 16.8% in the 3rd quarter. Allworth Financial LP now owns 979 shares of the company’s stock valued at $72,000 after acquiring an additional 141 shares during the last quarter. Natural Investments LLC increased its holdings in shares of Nextpower by 0.9% in the third quarter. Natural Investments LLC now owns 16,750 shares of the company’s stock valued at $1,239,000 after buying an additional 155 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Nextpower by 15.9% during the 3rd quarter. Fifth Third Bancorp now owns 1,264 shares of the company’s stock valued at $94,000 after acquiring an additional 173 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Nextpower by 8.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,585 shares of the company’s stock worth $191,000 after acquiring an additional 198 shares in the last quarter. Finally, State of Michigan Retirement System boosted its stake in shares of Nextpower by 0.6% during the 2nd quarter. State of Michigan Retirement System now owns 34,600 shares of the company’s stock worth $1,881,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 67.41% of the company’s stock.

Nextpower Stock Performance

NXT stock opened at $91.17 on Thursday. The stock has a market capitalization of $13.53 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 3.16 and a beta of 2.35. Nextpower has a 1 year low of $36.06 and a 1 year high of $112.74. The stock’s fifty day moving average is $92.77 and its two-hundred day moving average is $75.05.

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

About Nextpower

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.