Nextpower (NASDAQ:NXT) CEO Daniel Shugar Sells 47,743 Shares

Nextpower Inc. (NASDAQ:NXT) CEO Daniel Shugar sold 47,743 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $91.28, for a total value of $4,357,981.04. Following the completion of the sale, the chief executive officer directly owned 624,882 shares of the company’s stock, valued at $57,039,228.96. The trade was a 7.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Nextpower Price Performance

Nextpower stock traded up $1.15 during mid-day trading on Tuesday, reaching $90.55. 2,279,824 shares of the company traded hands, compared to its average volume of 2,883,866. Nextpower Inc. has a 52-week low of $33.29 and a 52-week high of $112.74. The firm has a market capitalization of $13.44 billion, a price-to-earnings ratio of 22.35, a P/E/G ratio of 3.10 and a beta of 2.31. The firm’s 50 day moving average price is $85.68 and its 200 day moving average price is $68.81.

Nextpower (NASDAQ:NXT) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.21. Nextpower had a net margin of 17.08% and a return on equity of 35.05%. The company had revenue of $905.27 million for the quarter, compared to analysts’ expectations of $839.53 million. Nextpower has set its FY 2026 guidance at 4.040-4.250 EPS. On average, sell-side analysts anticipate that Nextpower Inc. will post 3.29 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Susquehanna raised their target price on Nextpower from $76.00 to $100.00 and gave the company a “positive” rating in a research note on Monday, October 13th. Zacks Research raised Nextpower to a “hold” rating in a research report on Tuesday, August 12th. TD Cowen boosted their target price on shares of Nextpower from $65.00 to $88.00 and gave the company a “hold” rating in a report on Friday, October 24th. JPMorgan Chase & Co. increased their price target on shares of Nextpower from $92.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Finally, Roth Capital reissued a “buy” rating and set a $120.00 price target on shares of Nextpower in a research report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $95.76.

Institutional Trading of Nextpower

Several institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Nextpower by 703.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 659 shares of the company’s stock worth $28,000 after buying an additional 577 shares in the last quarter. Cullen Frost Bankers Inc. increased its position in shares of 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 acquiring an additional 324 shares in the last quarter. Foster Dykema Cabot & Partners LLC purchased a new position in Nextpower in the 3rd quarter worth approximately $36,000. Summit Securities Group LLC lifted its position in Nextpower by 796.0% in the 1st quarter. Summit Securities Group LLC now owns 905 shares of the company’s stock valued at $38,000 after acquiring an additional 804 shares in the last quarter. Finally, BOKF NA boosted its stake in Nextpower by 1,135.7% during the 3rd quarter. BOKF NA now owns 519 shares of the company’s stock valued at $38,000 after purchasing an additional 477 shares during the last quarter. 67.41% of the stock is owned by hedge funds and other institutional investors.

Nextpower Company Profile

Nextpower, formerly known as Nextracker, an energy solutions company, provides solar trackers and software solutions for utility-scale and distributed generation solar projects in the United States and internationally. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain.