Nextpower (NASDAQ:NXT) Given New $174.00 Price Target at JPMorgan Chase & Co.

Nextpower (NASDAQ:NXT) had its price objective raised by JPMorgan Chase & Co. from $155.00 to $174.00 in a research note published on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other equities analysts also recently weighed in on NXT. Barclays upped their price target on shares of Nextpower from $123.00 to $142.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Jefferies Financial Group increased their price target on shares of Nextpower from $145.00 to $159.00 and gave the stock a “buy” rating in a research report on Friday. Susquehanna increased their price target on shares of Nextpower from $136.00 to $161.00 and gave the stock a “positive” rating in a research report on Wednesday, May 13th. Loop Capital set a $135.00 price target on shares of Nextpower in a research report on Wednesday, May 13th. Finally, TD Cowen raised their price objective on shares of Nextpower from $105.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, May 13th. Twenty equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $146.39.

Nextpower Price Performance

Shares of NXT stock 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 12-month low of $51.69 and a 12-month high of $163.13. The business has a 50 day simple moving average of $121.89 and a 200 day simple moving average of $108.44.

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

Insider Activity at Nextpower

In related news, COO Nicholas Marco Miller sold 24,511 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $127.32, for a total value of $3,120,740.52. Following the sale, the chief operating officer directly owned 221,533 shares of the company’s stock, valued at approximately $28,205,581.56. The trade was a 9.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 Nextpower stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $134.72, for a total transaction of $437,570.56. Following the completion of the sale, the insider owned 246,130 shares in the company, 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 90 days, insiders sold 240,995 shares of company stock valued at $28,661,778. 0.56% of the stock is owned by insiders.

Institutional Trading of Nextpower

A number of institutional investors and hedge funds have recently made changes to their positions in NXT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Nextpower by 19.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 437,490 shares of the company’s stock worth $18,436,000 after acquiring an additional 71,842 shares during the period. M&T Bank Corp bought a new stake in shares of Nextpower during the 2nd quarter worth approximately $223,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Nextpower by 179.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company’s stock worth $61,000 after acquiring an additional 724 shares during the period. Cerity Partners LLC lifted its holdings in shares of Nextpower by 154.0% during the 2nd quarter. Cerity Partners LLC now owns 18,539 shares of the company’s stock worth $1,008,000 after acquiring an additional 11,239 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in shares of Nextpower by 36.5% during the 2nd quarter. California Public Employees Retirement System now owns 222,960 shares of the company’s stock worth $12,122,000 after acquiring an additional 59,573 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: 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.