Pacer Advisors Inc. Sells 553,792 Shares of Nextpower Inc. $NXT

Pacer Advisors Inc. lessened its position in Nextpower Inc. (NASDAQ:NXT) by 96.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,720 shares of the company’s stock after selling 553,792 shares during the period. Pacer Advisors Inc.’s holdings in Nextpower were worth $1,459,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in Nextpower by 703.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 659 shares of the company’s stock valued at $28,000 after purchasing an additional 577 shares during the last quarter. Cullen Frost Bankers Inc. increased 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. Hantz Financial Services Inc. raised its stake in shares of Nextpower by 1,737.8% in the second quarter. Hantz Financial Services Inc. now owns 827 shares of the company’s stock valued at $45,000 after acquiring an additional 782 shares during the last quarter. MAI Capital Management raised its stake in shares of Nextpower by 309.4% in the second quarter. MAI Capital Management now owns 831 shares of the company’s stock valued at $45,000 after acquiring an additional 628 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Nextpower by 179.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company’s stock worth $61,000 after acquiring an additional 724 shares in the last quarter. Institutional investors and hedge funds own 67.41% of the company’s stock.

Nextpower Stock Performance

NXT opened at $87.11 on Friday. The company has a fifty day moving average price of $92.82 and a two-hundred day moving average price of $76.17. Nextpower Inc. has a 52 week low of $36.06 and a 52 week high of $112.74. The firm has a market capitalization of $12.93 billion, a PE ratio of 22.63, a P/E/G ratio of 3.02 and a beta of 2.38.

Nextpower (NASDAQ:NXT) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $1.19 earnings per share 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 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. Equities analysts forecast that Nextpower Inc. will post 3.29 EPS for the current year.

Insider Transactions at Nextpower

In related news, Director William D. Watkins sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $91.85, for a total transaction of $918,500.00. Following the completion of the transaction, the director owned 16,777 shares in the company, valued at approximately $1,540,967.45. The trade was a 37.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $4,357,981.04. Following the completion of the sale, the chief executive officer directly owned 624,882 shares of the company’s stock, valued at $57,039,228.96. The trade was a 7.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 91,468 shares of company stock worth $8,246,979. 0.56% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on NXT. Guggenheim set a $74.00 price target on Nextpower in a report on Wednesday, October 22nd. TD Cowen raised their target price on Nextpower from $65.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, October 24th. Susquehanna upped their price target on shares of Nextpower from $76.00 to $100.00 and gave the stock a “positive” rating in a research report on Monday, October 13th. Needham & Company LLC began coverage on shares of Nextpower in a report on Wednesday, October 22nd. They set a “buy” rating and a $102.00 price objective on the stock. Finally, Barclays boosted their target price on shares of Nextpower from $92.00 to $105.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $95.76.

Nextpower Profile

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.