BW Gestao de Investimentos Ltda. Takes $13.58 Million Position in Nextpower Inc. $NXT

BW Gestao de Investimentos Ltda. purchased a new stake in shares of Nextpower Inc. (NASDAQ:NXT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 155,895 shares of the company’s stock, valued at approximately $13,580,000.

Several other institutional investors also recently modified their holdings of NXT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Nextpower by 19.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 437,490 shares of the company’s stock valued at $18,436,000 after buying an additional 71,842 shares during the last quarter. M&T Bank Corp purchased a new stake in shares of Nextpower during the second quarter valued at $223,000. EverSource Wealth Advisors LLC boosted its position in shares of Nextpower by 179.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company’s stock valued at $61,000 after buying an additional 724 shares during the last quarter. Cerity Partners LLC boosted its position in Nextpower by 154.0% in the second quarter. Cerity Partners LLC now owns 18,539 shares of the company’s stock worth $1,008,000 after purchasing an additional 11,239 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in Nextpower by 36.5% in the second quarter. California Public Employees Retirement System now owns 222,960 shares of the company’s stock worth $12,122,000 after purchasing an additional 59,573 shares during the last quarter. 67.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Daniel S. Shugar sold 59,456 shares of Nextpower stock in a transaction that occurred on 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 approximately $78,492,472.63. The trade was a 7.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bruce Ledesma sold 3,248 shares of the business’s 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 owned 246,130 shares of the company’s stock, valued at approximately $33,158,633.60. The trade was a 1.30% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders have sold a total of 263,422 shares of company stock worth $32,160,390 in the last 90 days. Company insiders own 0.56% of the company’s stock.

Nextpower Price Performance

NASDAQ:NXT opened at $145.02 on Tuesday. Nextpower Inc. has a 1 year low of $51.69 and a 1 year high of $163.13. The stock’s 50 day simple moving average is $122.42 and its two-hundred day simple moving average is $108.73. The company has a market cap of $21.53 billion, a price-to-earnings ratio of 37.86, a PEG ratio of 4.05 and a beta of 1.60.

Nextpower (NASDAQ:NXT) last released its quarterly earnings data 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 business had revenue of $880.52 million for the quarter, compared to the consensus estimate 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. As a group, analysts anticipate that Nextpower Inc. will post 3.58 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on NXT shares. Northland Securities raised their target price on Nextpower from $148.00 to $162.00 and gave the stock an “outperform” rating in a research report on Friday. Glj Research reaffirmed a “buy” rating and issued a $147.33 price objective on shares of Nextpower in a research note on Monday, March 16th. KeyCorp raised their price objective on Nextpower from $152.00 to $164.00 and gave the stock an “overweight” rating in a research note on Friday. UBS Group reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Nextpower in a research note on Friday. Finally, Needham & Company LLC reissued a “buy” rating and set a $149.00 target price on shares of Nextpower in a research note on Friday. Twenty investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $147.18.

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.