Nextpower (NASDAQ:NXT) Price Target Raised to $151.00 at Wells Fargo & Company

Nextpower (NASDAQ:NXT) had its price target increased by Wells Fargo & Company from $143.00 to $151.00 in a report published on Friday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

A number of other brokerages have also recently weighed in on NXT. BNP Paribas Exane raised their target price on shares of Nextpower from $145.00 to $177.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Barclays raised their target price on shares of Nextpower from $123.00 to $142.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. BMO Capital Markets raised their target price 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. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $140.00 target price on shares of Nextpower in a report on Thursday, May 14th. Finally, Jefferies Financial Group raised their price target on shares of Nextpower from $145.00 to $159.00 and gave the company a “buy” rating in a report on Friday. Twenty research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $146.39.

Nextpower Trading Up 14.0%

Shares of NASDAQ:NXT opened at $156.40 on Friday. The firm’s 50 day moving average is $121.89 and its two-hundred day moving average is $108.44. Nextpower has a 52 week low of $51.69 and a 52 week high of $163.13. The firm has a market capitalization of $23.22 billion, a P/E ratio of 40.84, a PEG ratio of 3.42 and a beta of 1.60.

Nextpower (NASDAQ:NXT) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $1.05 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 business 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. Analysts predict that Nextpower will post 3.71 EPS for the current year.

Insider Buying and Selling at Nextpower

In related news, COO Nicholas Marco Miller sold 24,511 shares of the business’s stock in a transaction that occurred on 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 directly owned 221,533 shares of the company’s stock, valued at $28,205,581.56. The trade was a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Daniel S. Shugar sold 26,077 shares of the company’s stock in a transaction that occurred 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 $125,480,767.68. The trade was a 2.72% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 240,995 shares of company stock valued at $28,661,778. 0.56% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Nextpower

Several large investors have recently bought and sold shares of NXT. Alpine Woods Capital Investors LLC bought a new position in shares of Nextpower in the first quarter valued at about $297,000. Glenmede Trust Co. NA raised its position in shares of Nextpower by 2.9% in the first quarter. Glenmede Trust Co. NA now owns 8,532 shares of the company’s stock valued at $1,029,000 after purchasing an additional 244 shares during the period. FinArc Investments Inc. bought a new position in shares of Nextpower in the first quarter valued at about $1,933,000. Bank of America Corp DE raised its position in shares of Nextpower by 34.6% in the first quarter. Bank of America Corp DE now owns 1,568,235 shares of the company’s stock valued at $189,051,000 after purchasing an additional 402,770 shares during the period. Finally, Janus Henderson Group PLC raised its position in shares of Nextpower by 134.3% in the first quarter. Janus Henderson Group PLC now owns 1,362,466 shares of the company’s stock valued at $164,488,000 after purchasing an additional 780,958 shares during the period. Institutional investors own 67.41% of the company’s stock.

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

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.