Daniel Shugar Sells 26,077 Shares of Nextpower (NASDAQ:NXT) Stock

Nextpower Inc. (NASDAQ:NXT) CEO Daniel Shugar sold 26,077 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $134.72, for a total transaction of $3,513,093.44. Following the completion of the sale, the chief executive officer directly owned 931,419 shares of the company’s stock, valued at approximately $125,480,767.68. This trade represents a 2.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Nextpower Price Performance

Shares of Nextpower stock opened at $137.17 on Friday. Nextpower Inc. has a fifty-two week low of $51.69 and a fifty-two week high of $156.78. The company has a market cap of $20.37 billion, a PE ratio of 35.81, a price-to-earnings-growth ratio of 3.34 and a beta of 1.60. The firm has a fifty day moving average price of $121.07 and a two-hundred day moving average price of $108.11.

Nextpower (NASDAQ:NXT) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.16. Nextpower had a net margin of 16.46% and a return on equity of 28.18%. The company had revenue of $880.52 million during the quarter, compared to analysts’ expectations of $826.26 million. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. Analysts expect that Nextpower Inc. will post 3.76 earnings per share for the current fiscal year.

Key Headlines Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower announced a definitive agreement to acquire Prevalon Energy for up to $365 million, a move that expands its platform into battery storage and AI data center opportunities and could broaden its addressable market. Business Wire article
• Positive Sentiment: The company increased its fiscal 2027 outlook alongside the deal, signaling management confidence that the acquisition will support stronger longer-term earnings power. Business Wire article
• Neutral Sentiment: Recent insider sales by executives, including President Howard Wenger and insider Bruce Ledesma, were disclosed as pre-planned transactions tied to tax withholding on equity awards, which usually draws attention but does not necessarily indicate a negative operational change.
• Neutral Sentiment: Analyst commentary remains broadly supportive, with multiple firms maintaining buy-like ratings and several price target increases, reinforcing a constructive longer-term sentiment backdrop.

Institutional Trading of Nextpower

Institutional investors have recently modified their holdings of the company. Signature Equity Partners LLC raised its holdings in shares of Nextpower by 76.4% in the first quarter. Signature Equity Partners LLC now owns 261 shares of the company’s stock valued at $31,000 after purchasing an additional 113 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Nextpower by 107.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the company’s stock valued at $26,000 after purchasing an additional 155 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Nextpower by 268.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 306 shares of the company’s stock valued at $28,000 after purchasing an additional 223 shares during the last quarter. Huntington National Bank raised its holdings in shares of Nextpower by 480.3% in the fourth quarter. Huntington National Bank now owns 383 shares of the company’s stock valued at $33,000 after purchasing an additional 317 shares during the last quarter. Finally, Baillie Gifford & Co. raised its holdings in shares of Nextpower by 76.5% in the fourth quarter. Baillie Gifford & Co. now owns 420 shares of the company’s stock valued at $37,000 after purchasing an additional 182 shares during the last quarter. 67.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NXT has been the topic of a number of research analyst reports. BMO Capital Markets increased their price objective on shares of Nextpower from $113.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, May 13th. KeyCorp reissued an “overweight” rating on shares of Nextpower in a report on Friday, March 13th. Loop Capital set a $135.00 price objective on shares of Nextpower in a report on Wednesday, May 13th. Needham & Company LLC increased their price objective on shares of Nextpower from $103.00 to $138.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Finally, Mizuho increased their price objective on shares of Nextpower from $112.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $136.54.

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.