Nextpower (NASDAQ:NXT) Hits New 52-Week High on Analyst Upgrade

Nextpower Inc. (NASDAQ:NXT) reached a new 52-week high during mid-day trading on Wednesday after Needham & Company LLC raised their price target on the stock from $103.00 to $138.00. Needham & Company LLC currently has a buy rating on the stock. Nextpower traded as high as $118.40 and last traded at $123.1750, with a volume of 97495 shares changing hands. The stock had previously closed at $105.91.

Several other equities research analysts also recently weighed in on the company. Guggenheim set a $74.00 price objective on Nextpower in a report on Wednesday, October 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Nextpower in a research report on Monday, December 29th. The Goldman Sachs Group lifted their price target on shares of Nextpower from $89.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, October 27th. TD Cowen increased their price objective on Nextpower from $88.00 to $105.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Susquehanna increased their price objective on Nextpower from $76.00 to $100.00 and gave the company a “positive” rating in a report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $108.32.

Insider Transactions at Nextpower

In other Nextpower news, CEO Daniel S. Shugar sold 47,743 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $91.28, for a total value 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. This trade represents a 7.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO David P. Bennett sold 33,725 shares of the stock in a transaction 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 sale, the chief accounting officer owned 130,967 shares in the company, valued at approximately $11,535,573.36. This represents a 20.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 91,468 shares of company stock valued at $8,246,979 over the last ninety days. 0.56% of the stock is currently owned by insiders.

Key Stories Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Q4 beat and stronger guidance — Nextpower reported upside to estimates on revenue and EPS and raised FY‑2026 guidance to ~$3.5B in revenue and $4.36 EPS while announcing a $500M buyback, a clear catalyst for higher valuation multiples and buy‑side interest. Nextpower raises FY2026 outlook to $3.5B revenue and $4.36 EPS with $500M buyback
• Positive Sentiment: Strong market reaction / new highs — Coverage notes the stock surged to an all‑time intraday high after the earnings beat, signaling momentum and investor enthusiasm. Nextpower (NXT) Climbs to All-Time High on Earnings Blowout, Rating Upgrade
• Positive Sentiment: Analyst upgrades and higher targets — Needham raised its price target to $138 with a Buy, and KeyBanc upgraded to Buy with a $142 target, adding institutional validation and upside to the stock’s momentum. Needham raises price target to $138 (Benzinga) KeyBanc upgrades Nextpower to Buy with $142 target
• Positive Sentiment: Project win supports backlog and execution — Nextpower Arabia agreed to supply 2.25 GW of smart solar trackers to L&T for a major ACWA Power‑linked project, underpinning near‑term revenue visibility in a key market. Nextpower Arabia to Supply 2.25 GW of Smart Solar Trackers to L&T
• Neutral Sentiment: Earnings materials and call transcript available — The company released its Q3/Q4 presentation and the earnings‑call transcript, useful for due diligence but already reflected in today’s move. Nextpower Inc. 2026 Q3 – Results – Earnings Call Presentation Q3 2026 Earnings Call Transcript
• Negative Sentiment: Some caution from other sell‑side shops — TD Cowen raised its target to $105 but kept a Hold rating, implying downside versus the current trading level and signaling that not all analysts are fully bullish on valuation from here. TD Cowen raises target to $105, maintains Hold

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NXT. Kestra Private Wealth Services LLC raised its position in Nextpower by 26.8% during the 4th quarter. Kestra Private Wealth Services LLC now owns 20,199 shares of the company’s stock valued at $1,760,000 after purchasing an additional 4,272 shares during the last quarter. Abacus FCF Advisors LLC purchased a new stake in Nextpower in the fourth quarter worth $12,610,000. Teachers Retirement System of The State of Kentucky increased its position in Nextpower by 7.5% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 71,755 shares of the company’s stock valued at $6,250,000 after purchasing an additional 5,000 shares during the period. Rakuten Securities Inc. raised its holdings in Nextpower by 324.8% in the 4th quarter. Rakuten Securities Inc. now owns 514 shares of the company’s stock worth $45,000 after purchasing an additional 393 shares in the last quarter. Finally, HB Wealth Management LLC bought a new stake in shares of Nextpower during the 4th quarter valued at about $238,000. Institutional investors own 67.41% of the company’s stock.

Nextpower Stock Up 0.9%

The company has a market cap of $17.97 billion, a PE ratio of 30.97, a PEG ratio of 3.76 and a beta of 2.38. The firm’s 50-day moving average is $93.25 and its 200-day moving average is $81.59.

Nextpower (NASDAQ:NXT) last announced its earnings results on Tuesday, January 27th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.17. The firm had revenue of $909.35 million during the quarter, compared to analyst estimates of $812.43 million. Nextpower had a return on equity of 32.01% and a net margin of 16.43%. As a group, equities research analysts anticipate that Nextpower Inc. will post 3.29 EPS for the current fiscal year.

Nextpower Company 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.