Nextpower (NASDAQ:NXT) Given Buy Rating at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Nextpower (NASDAQ:NXT) in a research note issued to investors on Friday,Benzinga reports. The firm currently has a $149.00 price target on the stock.

Other equities research analysts have also issued reports about the stock. Loop Capital set a $135.00 target price on shares of Nextpower in a report on Wednesday, May 13th. Citigroup increased their price objective on shares of Nextpower from $114.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Wall Street Zen downgraded shares of Nextpower from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. KeyCorp reissued an “overweight” rating on shares of Nextpower in a research report on Friday, March 13th. Finally, Susquehanna increased their price objective on shares of Nextpower from $136.00 to $161.00 and gave the company a “positive” rating in a research report on Wednesday, May 13th. Twenty research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $146.39.

Nextpower Stock Up 14.0%

Nextpower stock opened at $156.40 on Friday. The firm has a market cap of $23.22 billion, a PE ratio of 40.84, a price-to-earnings-growth ratio of 3.42 and a beta of 1.60. Nextpower has a 52-week low of $51.69 and a 52-week high of $163.13. The company’s 50 day moving average is $121.89 and its two-hundred day moving average is $108.44.

Nextpower (NASDAQ:NXT) last released its earnings results on Tuesday, May 12th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.16. The company had revenue of $880.52 million for the quarter, compared to analyst estimates of $826.26 million. Nextpower had a net margin of 16.46% and a return on equity of 28.18%. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. On average, equities research analysts anticipate that Nextpower will post 3.71 earnings per share for the current fiscal year.

Insider Activity at Nextpower

In related news, insider Bruce Ledesma sold 3,248 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 value of $437,570.56. Following the transaction, the insider directly owned 246,130 shares of the company’s stock, valued at $33,158,633.60. This trade represents a 1.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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. Also, CEO Daniel S. Shugar sold 59,456 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $105.17, for a total value of $6,252,987.52. Following the completion of the sale, the chief executive officer owned 746,339 shares of the company’s stock, valued at approximately $78,492,472.63. This represents a 7.38% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 240,995 shares of company stock valued at $28,661,778. Corporate insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Alpine Woods Capital Investors LLC purchased a new position in Nextpower during the 1st quarter worth $297,000. Glenmede Trust Co. NA grew its position in Nextpower by 2.9% during the 1st quarter. Glenmede Trust Co. NA now owns 8,532 shares of the company’s stock worth $1,029,000 after purchasing an additional 244 shares during the last quarter. FinArc Investments Inc. purchased a new position in Nextpower during the 1st quarter worth $1,933,000. Bank of America Corp DE grew its position in Nextpower by 34.6% during the 1st quarter. Bank of America Corp DE now owns 1,568,235 shares of the company’s stock worth $189,051,000 after purchasing an additional 402,770 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in Nextpower by 134.3% during the 1st quarter. Janus Henderson Group PLC now owns 1,362,466 shares of the company’s stock worth $164,488,000 after purchasing an additional 780,958 shares during the last quarter. 67.41% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower announced a definitive agreement to acquire Prevalon Energy, a move that opens a new battery energy storage and AI data center infrastructure growth channel and could broaden its total addressable market. Article: Nextpower Announces Entry into Battery Energy Storage (BESS) and AI Data Center Markets…
• Positive Sentiment: The company also raised its fiscal 2027 outlook, reinforcing confidence that the acquisition and related market expansion could accelerate future revenue and EBITDA growth. Article: A Green Energy Revival Is Under Way. Nextpower Is Leading the Charge.
• Positive Sentiment: Several analysts turned more constructive, with multiple firms raising price targets and reiterating overweight/buy ratings, including JPMorgan, KeyCorp, BNP Paribas Exane, and Wells Fargo. Article: Analyst price target updates on Nextpower
• Neutral Sentiment: Insider sales by executives were disclosed, but they were described as pre-arranged 10b5-1 transactions and tax-withholding sales tied to equity vesting, which makes them less likely to be read as a negative operating signal. Article: Daniel Shugar Sells 26,077 Shares of Nextpower (NASDAQ:NXT) Stock

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.