Nextpower (NASDAQ:NXT) Price Target Raised to $149.00 at Royal Bank Of Canada

Nextpower (NASDAQ:NXT) had its price objective boosted by Royal Bank Of Canada from $146.00 to $149.00 in a report released on Friday,Benzinga reports. They currently have an outperform rating on the stock.

Other equities analysts have also issued reports about the company. Glj Research restated a “buy” rating and set a $147.33 price target on shares of Nextpower in a research note on Monday, March 16th. Mizuho upped their price objective on Nextpower from $112.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Wells Fargo & Company upped their price objective on Nextpower from $143.00 to $151.00 and gave the company an “overweight” rating in a research note on Friday. KeyCorp upped their price objective on Nextpower from $152.00 to $164.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Wolfe Research reiterated an “outperform” rating and issued a $160.00 price objective on shares of Nextpower in a research note on Friday. Twenty research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $146.39.

Nextpower Stock Up 14.0%

Shares of NXT opened at $156.40 on Friday. Nextpower has a 12-month low of $51.69 and a 12-month high of $163.13. The firm has a market capitalization of $23.22 billion, a price-to-earnings ratio of 40.84, a P/E/G ratio of 3.42 and a beta of 1.60. The stock’s 50-day moving average price is $121.89 and its 200 day moving average price is $108.44.

Nextpower (NASDAQ:NXT) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $826.26 million. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. Equities research analysts expect that Nextpower will post 3.71 EPS for the current year.

Insider Transactions at Nextpower

In other news, CEO Daniel S. Shugar sold 59,456 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $105.17, for a total value of $6,252,987.52. Following the completion of the transaction, the chief executive officer owned 746,339 shares in the company, valued at $78,492,472.63. This trade represents a 7.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Nicholas Marco Miller sold 24,511 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were 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 owned 221,533 shares of the company’s stock, valued at $28,205,581.56. This trade represents a 9.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 240,995 shares of company stock worth $28,661,778 in the last 90 days. Company insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Nextpower

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

Nextpower News Summary

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.