Nextpower (NASDAQ:NXT) Stock Price Expected to Rise, TD Cowen Analyst Says

Nextpower (NASDAQ:NXT) had its price objective boosted by stock analysts at TD Cowen from $88.00 to $105.00 in a note issued to investors on Wednesday, MarketBeat reports. The firm presently has a “hold” rating on the stock. TD Cowen’s price target would suggest a potential downside of 13.28% from the company’s previous close.

A number of other research analysts have also issued reports on the company. Robert W. Baird set a $100.00 price objective on Nextpower in a research report on Friday, October 31st. Bank of America boosted their price target on shares of Nextpower from $102.00 to $108.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Wells Fargo & Company increased their price objective on shares of Nextpower from $72.00 to $109.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Guggenheim set a $74.00 target price on shares of Nextpower in a research note on Wednesday, October 22nd. Finally, The Goldman Sachs Group raised their price target on shares of Nextpower from $89.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.32.

Nextpower Stock Up 0.9%

Shares of NASDAQ:NXT opened at $121.08 on Wednesday. Nextpower has a fifty-two week low of $36.06 and a fifty-two week high of $131.59. The firm has a 50-day simple moving average of $93.25 and a 200 day simple moving average of $81.59. The company has a market cap of $17.97 billion, a PE ratio of 30.97, a P/E/G ratio of 3.76 and a beta of 2.38.

Nextpower (NASDAQ:NXT) last issued its earnings results on Tuesday, January 27th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.17. The firm had revenue of $909.35 million for the quarter, compared to analysts’ expectations of $812.43 million. Nextpower had a net margin of 16.43% and a return on equity of 32.01%. As a group, research analysts forecast that Nextpower will post 3.29 EPS for the current fiscal year.

Insider Activity

In related news, Director William D. Watkins sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $91.85, for a total transaction of $918,500.00. Following the transaction, the director owned 16,777 shares in the company, valued at $1,540,967.45. This trade represents a 37.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO David P. Bennett sold 33,725 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $88.08, for a total value of $2,970,498.00. Following the completion of the sale, the chief accounting officer owned 130,967 shares of the company’s stock, valued at $11,535,573.36. This trade represents a 20.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 91,468 shares of company stock worth $8,246,979 over the last three months. Corporate insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Nextpower

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Nextpower by 268.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 306 shares of the company’s stock valued at $28,000 after purchasing an additional 223 shares in the last quarter. Cullen Frost Bankers Inc. lifted its stake in Nextpower by 122.3% during the second quarter. Cullen Frost Bankers Inc. now owns 589 shares of the company’s stock valued at $32,000 after purchasing an additional 324 shares during the last quarter. Foster Dykema Cabot & Partners LLC bought a new stake in Nextpower during the third quarter worth approximately $36,000. Baillie Gifford & Co. grew its position in Nextpower by 76.5% in the fourth quarter. Baillie Gifford & Co. now owns 420 shares of the company’s stock worth $37,000 after buying an additional 182 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Nextpower by 511.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 495 shares of the company’s stock valued at $37,000 after buying an additional 414 shares in the last quarter. 67.41% of the stock is currently owned by institutional investors.

More Nextpower News

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Q4 beat and stronger guidance — Nextpower reported upside to estimates on revenue and EPS and raised FY‑2026 guidance to ~$3.5B in revenue and $4.36 EPS while announcing a $500M buyback, a clear catalyst for higher valuation multiples and buy‑side interest. Nextpower raises FY2026 outlook to $3.5B revenue and $4.36 EPS with $500M buyback
• Positive Sentiment: Strong market reaction / new highs — Coverage notes the stock surged to an all‑time intraday high after the earnings beat, signaling momentum and investor enthusiasm. Nextpower (NXT) Climbs to All-Time High on Earnings Blowout, Rating Upgrade
• Positive Sentiment: Analyst upgrades and higher targets — Needham raised its price target to $138 with a Buy, and KeyBanc upgraded to Buy with a $142 target, adding institutional validation and upside to the stock’s momentum. Needham raises price target to $138 (Benzinga) KeyBanc upgrades Nextpower to Buy with $142 target
• Positive Sentiment: Project win supports backlog and execution — Nextpower Arabia agreed to supply 2.25 GW of smart solar trackers to L&T for a major ACWA Power‑linked project, underpinning near‑term revenue visibility in a key market. Nextpower Arabia to Supply 2.25 GW of Smart Solar Trackers to L&T
• Neutral Sentiment: Earnings materials and call transcript available — The company released its Q3/Q4 presentation and the earnings‑call transcript, useful for due diligence but already reflected in today’s move. Nextpower Inc. 2026 Q3 – Results – Earnings Call Presentation Q3 2026 Earnings Call Transcript
• Negative Sentiment: Some caution from other sell‑side shops — TD Cowen raised its target to $105 but kept a Hold rating, implying downside versus the current trading level and signaling that not all analysts are fully bullish on valuation from here. TD Cowen raises target to $105, maintains Hold

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.