Voya Investment Management LLC Acquires 296,232 Shares of Nextpower Inc. $NXT

Voya Investment Management LLC lifted its holdings in shares of Nextpower Inc. (NASDAQ:NXT) by 93.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 613,634 shares of the company’s stock after purchasing an additional 296,232 shares during the period. Voya Investment Management LLC owned 0.41% of Nextpower worth $45,403,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State of Michigan Retirement System lifted its holdings 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. raised its position in shares of 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 acquiring an additional 201 shares during the last quarter. Redwood Investment Management LLC lifted its stake in shares of Nextpower by 4.1% in the second quarter. Redwood Investment Management LLC now owns 5,177 shares of the company’s stock worth $281,000 after acquiring an additional 204 shares during the period. Cullen Frost Bankers Inc. boosted its holdings in Nextpower by 122.3% in 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 during the last quarter. Finally, GAMMA Investing LLC increased its position in Nextpower by 10.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,981 shares of the company’s stock valued at $295,000 after purchasing an additional 366 shares during the period. 67.41% of the stock is currently owned by institutional investors and hedge funds.

Nextpower Trading Up 1.5%

NXT opened at $88.70 on Friday. The company has a fifty day moving average price of $92.62 and a two-hundred day moving average price of $74.34. Nextpower Inc. has a 1-year low of $33.29 and a 1-year high of $112.74. The company has a market cap of $13.16 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 3.08 and a beta of 2.35.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NXT. Mizuho set a $76.00 price target on shares of Nextpower in a research report on Monday, October 20th. Bank of America boosted their target price on shares of Nextpower from $94.00 to $102.00 and gave the company a “buy” rating in a report on Friday, November 14th. BMO Capital Markets upped their price target on shares of Nextpower from $89.00 to $93.00 and gave the company a “market perform” rating in a research report on Friday, October 24th. Susquehanna lifted their price objective on Nextpower from $76.00 to $100.00 and gave the stock a “positive” rating in a research report on Monday, October 13th. Finally, Roth Capital restated a “buy” rating and set a $120.00 target price on shares of Nextpower in a research report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Nextpower currently has an average rating of “Moderate Buy” and an average price target of $95.76.

Insider Transactions at Nextpower

In other news, President Howard Wenger sold 5,217 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $75.00, for a total transaction of $391,275.00. Following the completion of the sale, the president owned 409,039 shares in the company, valued at $30,677,925. The trade was a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 transaction, the chief accounting officer directly owned 130,967 shares in the company, valued at $11,535,573.36. The trade was a 20.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 96,685 shares of company stock worth $8,638,254. Insiders own 0.56% of the company’s stock.

Nextpower Profile

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.