Belpointe Asset Management LLC Acquires Shares of 11,241 Nextpower Inc. $NXT

Belpointe Asset Management LLC acquired a new position in shares of Nextpower Inc. (NASDAQ:NXT) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 11,241 shares of the company’s stock, valued at approximately $832,000.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in Nextpower in the second quarter worth about $140,772,000. American Century Companies Inc. lifted its holdings in Nextpower by 144.6% during the 2nd quarter. American Century Companies Inc. now owns 547,590 shares of the company’s stock worth $29,772,000 after buying an additional 323,717 shares during the last quarter. Voya Investment Management LLC grew its position in shares of Nextpower by 93.3% in the 3rd quarter. Voya Investment Management LLC now owns 613,634 shares of the company’s stock worth $45,403,000 after acquiring an additional 296,232 shares in the last quarter. Encompass Capital Advisors LLC increased its holdings in shares of Nextpower by 11.0% in the 2nd quarter. Encompass Capital Advisors LLC now owns 2,919,777 shares of the company’s stock valued at $158,748,000 after acquiring an additional 289,663 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of Nextpower in the 3rd quarter valued at approximately $16,839,000. Institutional investors and hedge funds own 67.41% of the company’s stock.

Insider Buying and Selling

In other Nextpower news, CAO David P. Bennett sold 33,725 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $88.08, for a total transaction of $2,970,498.00. Following the sale, the chief accounting officer directly owned 130,967 shares in the company, valued at approximately $11,535,573.36. The trade was a 20.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Daniel S. Shugar sold 47,743 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $91.28, for a total transaction of $4,357,981.04. Following the completion of the transaction, the chief executive officer owned 624,882 shares of the company’s stock, valued at $57,039,228.96. This trade represents a 7.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 91,468 shares of company stock valued at $8,246,979 over the last 90 days. 0.56% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on NXT. TD Cowen lifted their price objective on shares of Nextpower from $88.00 to $105.00 and gave the stock a “hold” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $119.00 price target on shares of Nextpower in a report on Thursday. Bank of America boosted their price objective on shares of Nextpower from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Guggenheim set a $74.00 target price on shares of Nextpower in a report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. lifted their target price on Nextpower from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $108.32.

Key Headlines Impacting Nextpower

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

Nextpower Trading Up 0.9%

Shares of NASDAQ NXT opened at $121.08 on Friday. Nextpower Inc. has a 12-month low of $36.06 and a 12-month high of $131.59. 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. The stock has a 50 day simple moving average of $93.25 and a 200-day simple moving average of $81.59.

Nextpower (NASDAQ:NXT) last announced its earnings results on Tuesday, January 27th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.17. Nextpower had a return on equity of 32.01% and a net margin of 16.43%.The firm had revenue of $909.35 million for the quarter, compared to the consensus estimate of $812.43 million. Sell-side analysts forecast that Nextpower Inc. will post 3.29 earnings per share for the current fiscal year.

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.