Howard Wenger Sells 62,670 Shares of Nextpower (NASDAQ:NXT) Stock

Nextpower Inc. (NASDAQ:NXT) President Howard Wenger sold 62,670 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $130.25, for a total transaction of $8,162,767.50. Following the completion of the transaction, the president directly owned 426,467 shares in the company, valued at approximately $55,547,326.75. The trade was a 12.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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.

Howard Wenger also recently made the following trade(s):

• On Friday, May 22nd, Howard Wenger sold 9,051 shares of Nextpower stock. The stock was sold at an average price of $121.02, for a total transaction of $1,095,352.02.
• On Wednesday, May 20th, Howard Wenger sold 16,090 shares of Nextpower stock. The stock was sold at an average price of $127.32, for a total transaction of $2,048,578.80.

Nextpower Trading Up 1.0%

NXT opened at $137.17 on Friday. The company has a market cap of $20.37 billion, a price-to-earnings ratio of 35.81, a PEG ratio of 3.34 and a beta of 1.60. The company’s 50 day moving average is $121.07 and its 200 day moving average is $108.11. Nextpower Inc. has a 12-month low of $51.69 and a 12-month high of $156.78.

Nextpower (NASDAQ:NXT) last posted 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 company had revenue of $880.52 million for the quarter, compared to the consensus estimate of $826.26 million. Nextpower had a net margin of 16.46% and a return on equity of 28.18%. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. As a group, analysts predict that Nextpower Inc. will post 3.76 EPS for the current fiscal year.

Hedge Funds Weigh In On Nextpower

Hedge funds have recently modified their holdings of the stock. Signature Equity Partners LLC lifted its holdings in shares of Nextpower by 76.4% in the first quarter. Signature Equity Partners LLC now owns 261 shares of the company’s stock worth $31,000 after buying an additional 113 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Nextpower by 107.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the company’s stock worth $26,000 after buying an additional 155 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Nextpower by 268.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 306 shares of the company’s stock worth $28,000 after buying an additional 223 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Nextpower by 480.3% in the fourth quarter. Huntington National Bank now owns 383 shares of the company’s stock worth $33,000 after buying an additional 317 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its holdings in shares of 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 in the last quarter. Hedge funds and other institutional investors own 67.41% of the company’s stock.

Key Nextpower News

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower announced a definitive agreement to acquire Prevalon Energy for up to $365 million, a move that expands its platform into battery storage and AI data center opportunities and could broaden its addressable market. Business Wire article
• Positive Sentiment: The company increased its fiscal 2027 outlook alongside the deal, signaling management confidence that the acquisition will support stronger longer-term earnings power. Business Wire article
• Neutral Sentiment: Recent insider sales by executives, including President Howard Wenger and insider Bruce Ledesma, were disclosed as pre-planned transactions tied to tax withholding on equity awards, which usually draws attention but does not necessarily indicate a negative operational change.
• Neutral Sentiment: Analyst commentary remains broadly supportive, with multiple firms maintaining buy-like ratings and several price target increases, reinforcing a constructive longer-term sentiment backdrop.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NXT. Weiss Ratings upgraded shares of Nextpower from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 20th. Roth Mkm reiterated a “buy” rating and issued a $155.00 price target on shares of Nextpower in a research note on Wednesday, May 13th. KeyCorp reiterated an “overweight” rating on shares of Nextpower in a research note on Friday, March 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $140.00 price target on shares of Nextpower in a research note on Thursday, May 14th. Finally, Glj Research reiterated a “buy” rating and issued a $147.33 price target on shares of Nextpower in a research note on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $136.54.

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.