Nextpower (NASDAQ:NXT) Given New $164.00 Price Target at KeyCorp

Nextpower (NASDAQ:NXT) had its price target raised by KeyCorp from $152.00 to $164.00 in a report published on Friday morning,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

NXT has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $140.00 target price on shares of Nextpower in a research note on Thursday, May 14th. Roth Mkm reaffirmed a “buy” rating and set a $155.00 target price on shares of Nextpower in a research note on Wednesday, May 13th. Susquehanna raised their target price on Nextpower from $136.00 to $161.00 and gave the company a “positive” rating in a research note on Wednesday, May 13th. The Goldman Sachs Group set a $140.00 target price on Nextpower and gave the company a “buy” rating in a research note on Tuesday, April 14th. Finally, Glj Research reaffirmed a “buy” rating and set a $147.33 target price on shares of Nextpower in a research note on Monday, March 16th. Twenty analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Nextpower presently has an average rating of “Moderate Buy” and an average price target of $146.39.

Nextpower Stock Performance

Shares of NXT opened at $156.40 on Friday. The firm has a market capitalization of $23.22 billion, a price-to-earnings ratio of 40.84, a price-to-earnings-growth ratio of 3.42 and a beta of 1.60. Nextpower has a one year low of $51.69 and a one year high of $163.13. The stock’s fifty day moving average is $121.89 and its 200-day moving average is $108.44.

Nextpower (NASDAQ:NXT) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $1.05 EPS for the quarter, beating 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 return on equity of 28.18% and a net margin of 16.46%.Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. Analysts forecast that Nextpower will post 3.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other Nextpower news, COO Nicholas Marco Miller sold 24,511 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $127.32, for a total transaction of $3,120,740.52. Following the completion of the sale, the chief operating officer directly owned 221,533 shares in the company, valued at approximately $28,205,581.56. This trade represents a 9.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bruce Ledesma sold 3,248 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $134.72, for a total value of $437,570.56. Following the sale, the insider owned 246,130 shares of the company’s stock, valued at $33,158,633.60. The trade was a 1.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Over the last quarter, insiders have sold 240,995 shares of company stock valued at $28,661,778. 0.56% of the stock is owned by insiders.

Institutional Investors Weigh In On Nextpower

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Alpine Woods Capital Investors LLC purchased a new stake in shares of Nextpower during the 1st quarter worth about $297,000. Glenmede Trust Co. NA raised its stake in shares of 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 in the last quarter. FinArc Investments Inc. purchased a new stake in shares of Nextpower during the 1st quarter worth about $1,933,000. Bank of America Corp DE raised its stake in shares of 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 in the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of 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 in the last quarter. 67.41% of the stock is owned by hedge funds and other institutional investors.

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, 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

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.