Nextpower Inc. $NXT Shares Bought by AMF Tjanstepension AB

AMF Tjanstepension AB raised its stake in shares of Nextpower Inc. (NASDAQ:NXT) by 27.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,117 shares of the company’s stock after acquiring an additional 12,582 shares during the quarter. AMF Tjanstepension AB’s holdings in Nextpower were worth $7,127,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in NXT. Jupiter Asset Management Ltd. lifted its holdings in Nextpower by 0.3% in the fourth quarter. Jupiter Asset Management Ltd. now owns 26,706 shares of the company’s stock worth $2,326,000 after buying an additional 86 shares during the period. Root Financial Partners LLC increased its stake in shares of Nextpower by 30.0% during the first quarter. Root Financial Partners LLC now owns 446 shares of the company’s stock valued at $54,000 after purchasing an additional 103 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Nextpower by 2.0% during the first quarter. Janney Montgomery Scott LLC now owns 5,963 shares of the company’s stock valued at $719,000 after purchasing an additional 119 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Nextpower by 4.1% during the fourth quarter. Signaturefd LLC now owns 3,216 shares of the company’s stock valued at $280,000 after purchasing an additional 126 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Nextpower by 16.8% during the third quarter. Allworth Financial LP now owns 979 shares of the company’s stock valued at $72,000 after purchasing an additional 141 shares during the last quarter. 67.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Nextpower

In related news, insider Bruce Ledesma sold 3,248 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $134.72, for a total transaction of $437,570.56. Following the completion of the transaction, the insider directly owned 246,130 shares in the company, valued at approximately $33,158,633.60. The trade was a 1.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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. Also, CFO Charles D. Boynton sold 4,500 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $151.79, for a total transaction of $683,055.00. Following the completion of the sale, the chief financial officer directly owned 358,500 shares of the company’s stock, valued at $54,416,715. This represents a 1.24% 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 168,574 shares of company stock valued at $22,559,770 in the last ninety days. 0.84% of the stock is currently owned by company insiders.

Nextpower Price Performance

Shares of NASDAQ:NXT opened at $111.50 on Monday. Nextpower Inc. has a twelve month low of $52.61 and a twelve month high of $163.13. The stock has a market capitalization of $16.76 billion, a PE ratio of 29.11, a price-to-earnings-growth ratio of 2.20 and a beta of 1.86. The firm’s 50 day moving average price is $125.73 and its 200-day moving average price is $115.28.

Nextpower (NASDAQ:NXT) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $1.05 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $826.26 million. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. Analysts expect that Nextpower Inc. will post 3.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NXT has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price target on Nextpower from $155.00 to $174.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Mizuho upped their price target on shares of Nextpower from $130.00 to $142.00 and gave the stock a “neutral” rating in a research note on Monday, June 8th. Roth Capital reissued a “buy” rating and set a $155.00 price objective on shares of Nextpower in a research report on Wednesday, May 13th. Citigroup raised their price objective on shares of Nextpower from $114.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Finally, BMO Capital Markets lifted 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. Twenty research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $148.39.

Key Headlines Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Analysts and market commentators continue to point to upside potential, with one note suggesting Nextpower could trade at a premium despite the Prevalon deal, and another arguing the stock could be about 25% undervalued after its earnings beat. Nextpower (NXT) Stock Could Trade At A Premium Despite Prevalon Deal Nextpower (NXT) Could Be 25% Undervalued Following Earnings Beat Optimism
• Positive Sentiment: Susquehanna reiterated a positive rating and still sees meaningful upside even after trimming its price target to $168 from $180, which can help support investor sentiment around the name. Benzinga report on Susquehanna price target change
• Positive Sentiment: Market coverage continues to highlight Nextpower’s strong earnings track record and the possibility of another beat when it reports first-quarter fiscal 2027 results on July 30, which may be keeping buyers interested. Will Nextpower (NXT) Beat Estimates Again in Its Next Earnings Report? Nextpower to Announce First Quarter Fiscal 2027 Financial Results on July 30, 2026
• Neutral Sentiment: Short-interest data was reported as zero shares, so it does not provide a meaningful new signal for traders in either direction.
• Neutral Sentiment: Additional media mentions, including inclusion on a “best up and coming tech stocks” list and commentary from Jim Cramer, may have helped keep the stock in focus but do not appear to be direct fundamental catalysts. 5 Best Up and Coming Tech Stocks to Buy Now Jim Cramer on Nextpower: “We Left It Way Too Soon”

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.