Nextpower (NASDAQ:NXT) Price Target Raised to $138.00

Nextpower (NASDAQ:NXT) had its price objective increased by Needham & Company LLC from $103.00 to $138.00 in a research note released on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also recently issued reports on NXT. KeyCorp upgraded Nextpower from a “sector weight” rating to an “overweight” rating and set a $142.00 price objective on the stock in a research note on Wednesday. Wall Street Zen lowered Nextpower from a “strong-buy” rating to a “buy” rating in a research report on Sunday, January 25th. Roth Mkm restated a “buy” rating and set a $130.00 price objective on shares of Nextpower in a research note on Wednesday. Jefferies Financial Group reiterated a “buy” rating on shares of Nextpower in a research note on Wednesday. Finally, UBS Group increased their target price on shares of Nextpower to $140.00 and gave the stock a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $108.32.

Nextpower Price Performance

NASDAQ NXT opened at $117.09 on Thursday. The company has a market capitalization of $17.37 billion, a price-to-earnings ratio of 29.95, a price-to-earnings-growth ratio of 3.77 and a beta of 2.38. Nextpower has a 12 month low of $36.06 and a 12 month high of $131.59. The company’s fifty day moving average price is $93.85 and its two-hundred day moving average price is $82.12.

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

Insider Buying and Selling

In other Nextpower news, CAO David P. Bennett sold 33,725 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $88.08, for a total value of $2,970,498.00. Following the completion of the transaction, 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William D. Watkins sold 10,000 shares of the firm’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 sale, the director owned 16,777 shares in the company, 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 a total of 91,468 shares of company stock valued at $8,246,979 in the last quarter. Company insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Nextpower

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System boosted its stake in Nextpower by 4.1% during the 4th quarter. New York State Teachers Retirement System now owns 143,526 shares of the company’s stock valued at $12,503,000 after purchasing an additional 5,587 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Nextpower by 24.9% in the fourth quarter. Jennison Associates LLC now owns 79,777 shares of the company’s stock valued at $6,949,000 after buying an additional 15,916 shares during the period. Wealth High Governance Capital Ltda acquired a new stake in shares of Nextpower in the fourth quarter valued at $21,264,000. Moody Aldrich Partners LLC bought a new position in Nextpower during the fourth quarter valued at about $3,749,000. Finally, M&T Bank Corp grew its holdings in Nextpower by 52.2% during the fourth quarter. M&T Bank Corp now owns 6,511 shares of the company’s stock worth $567,000 after acquiring an additional 2,232 shares during the period. Institutional investors own 67.41% of the company’s stock.

Key Stories Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Multiple raises from Northland Securities: the firm lifted FY2026 and FY2027 EPS forecasts (to $3.72 and $3.88, respectively) and raised several quarterly estimates — signaling improved analyst expectations for Nextpower’s near‑term earnings power. These upgrades support higher expectations for growth and help justify recent multiple expansion.
• Positive Sentiment: Company guidance beat: Nextpower updated FY2026 EPS guidance well above consensus (4.260–4.360 vs. ~3.98) and issued revenue guidance in line to slightly above Street views, providing fundamental justification for analyst optimism and supporting upside to estimates.
• Positive Sentiment: Third‑party analyst momentum and coverage lift: TD Cowen raised its price target after the FQ3 beat and raised outlooks, and coverage notes highlight a strategic supply deal and upgrades from firms like KeyBanc that have helped push the stock to fresh highs. NextPower surges after earnings beat and raise, Saudi supply deal, KeyBanc upgrade
• Neutral Sentiment: Price target moves with mixed tones: some outlets (e.g., TD Cowen coverage) raised targets but maintained cautious ratings (Hold in some notes), leaving a split between optimistic earnings revisions and more conservative near‑term sentiment. TD Cowen Raises Nextpower (NXT) PT Following FQ3 Earnings Beat, Raised Outlook
• Negative Sentiment: Margin compression and rich valuation risk: deeper analysis highlights that while revenue and backlog are strong, margins have narrowed and the stock now trades at a high multiple (above ~30x), raising the risk of a pullback or correction if operating leverage doesn’t reappear. Nextpower: Strong Growth And Cash, Wait For A Correction
• Negative Sentiment: Minor estimate trim: Northland trimmed one quarterly estimate (Q3 2027 from $0.98 to $0.97), a small signal that some near‑term cadence uncertainty remains despite the broader upward revisions.

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.