Fort Washington Investment Advisors Inc. OH Decreases Holdings in Nextpower Inc. $NXT

Fort Washington Investment Advisors Inc. OH lowered its stake in shares of Nextpower Inc. (NASDAQ:NXT) by 6.2% in the third quarter, Holdings Channel reports. The firm owned 312,296 shares of the company’s stock after selling 20,513 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Nextpower were worth $23,107,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. boosted its holdings in Nextpower by 22.2% in the 1st quarter. Raymond James Financial Inc. now owns 157,634 shares of the company’s stock worth $6,643,000 after buying an additional 28,683 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Nextpower by 703.7% in the first 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. Ieq Capital LLC purchased a new stake in shares of Nextpower during the first quarter worth approximately $674,000. State of Wyoming acquired a new position in Nextpower in the 1st quarter valued at $184,000. Finally, Evergreen Capital Management LLC lifted its holdings in Nextpower by 19.2% in the 1st quarter. Evergreen Capital Management LLC now owns 8,296 shares of the company’s stock valued at $350,000 after purchasing an additional 1,337 shares in the last quarter. Institutional investors and hedge funds own 67.41% of the company’s stock.

Insider Buying and Selling at Nextpower

In other news, CEO Daniel S. Shugar sold 47,743 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $91.28, for a total value of $4,357,981.04. Following the transaction, the chief executive officer directly owned 624,882 shares in the company, valued at approximately $57,039,228.96. This represents a 7.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the director directly owned 16,777 shares of the company’s stock, valued at $1,540,967.45. The trade was a 37.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 91,468 shares of company stock valued at $8,246,979 over the last 90 days. 0.56% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NXT shares. Royal Bank Of Canada increased their target price on shares of Nextpower from $93.00 to $96.00 and gave the company an “outperform” rating in a research report on Thursday, November 13th. Mizuho set a $76.00 price objective on shares of Nextpower in a report on Monday, October 20th. Robert W. Baird set a $100.00 target price on Nextpower in a report on Friday, October 31st. UBS Group upped their price target on Nextpower to $125.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, TD Cowen lifted their price objective on Nextpower from $65.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Nextpower presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.76.

Nextpower Stock Performance

NXT stock opened at $87.04 on Wednesday. Nextpower Inc. has a one year low of $36.06 and a one year high of $112.74. The firm has a market cap of $12.92 billion, a PE ratio of 22.61, a PEG ratio of 3.13 and a beta of 2.35. The firm’s 50 day moving average price is $92.90 and its 200-day moving average price is $76.01.

Nextpower (NASDAQ:NXT) last posted its 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 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 analysts’ expectations of $839.53 million. Nextpower has set its FY 2026 guidance at 4.040-4.250 EPS. Equities research analysts predict that Nextpower Inc. 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.