Primecap Management Co. CA Purchases 83,227 Shares of Nextpower Inc. $NXT

Primecap Management Co. CA grew its stake in Nextpower Inc. (NASDAQ:NXT) by 1.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,675,821 shares of the company’s stock after buying an additional 83,227 shares during the period. Primecap Management Co. CA owned 0.05% of Nextpower worth $417,334,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Michigan Retirement System raised its stake in Nextpower by 0.6% during the 2nd quarter. State of Michigan Retirement System now owns 34,600 shares of the company’s stock worth $1,881,000 after buying an additional 200 shares during the period. Flputnam Investment Management Co. increased its holdings in Nextpower by 2.4% during the first quarter. Flputnam Investment Management Co. now owns 8,621 shares of the company’s stock worth $363,000 after buying an additional 201 shares during the last quarter. Boston Partners boosted its holdings in Nextpower by 2.7% in the 1st quarter. Boston Partners now owns 10,494 shares of the company’s stock worth $442,000 after buying an additional 280 shares during the period. Cullen Frost Bankers Inc. raised its holdings in shares of Nextpower by 122.3% in the 2nd 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. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Nextpower by 2.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,013 shares of the company’s stock worth $872,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 67.41% of the company’s stock.

Nextpower Stock Up 1.3%

Shares of NASDAQ NXT opened at $90.55 on Wednesday. Nextpower Inc. has a twelve month low of $33.29 and a twelve month high of $112.74. The firm has a market cap of $13.44 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 3.10 and a beta of 2.31. The business has a fifty day simple moving average of $85.68 and a two-hundred day simple moving average of $68.81.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on NXT shares. Mizuho set a $76.00 price target on Nextpower in a research report on Monday, October 20th. Bank of America raised their target price on Nextpower from $94.00 to $102.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Royal Bank Of Canada upped their target price on shares of Nextpower from $93.00 to $96.00 and gave the stock an “outperform” rating in a research report on Thursday, November 13th. Northland Capmk lowered Nextpower from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Finally, Wall Street Zen downgraded shares of Nextpower from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 25th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Nextpower presently has an average rating of “Moderate Buy” and a consensus target price of $95.76.

Insider Buying and Selling

In related news, CFO Charles D. Boynton sold 4,500 shares of Nextpower stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $67.21, for a total value of $302,445.00. Following the sale, the chief financial officer directly owned 295,059 shares in the company, valued at $19,830,915.39. The trade was a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Howard Wenger sold 5,217 shares of the company’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $75.00, for a total value of $391,275.00. Following the completion of the sale, the president directly owned 409,039 shares in the company, valued at $30,677,925. This trade represents a 1.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 57,460 shares of company stock worth $5,051,701. Corporate insiders own 0.56% of the company’s stock.

Nextpower 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.