Nextpower (NASDAQ:NXT) Given New $125.00 Price Target at BMO Capital Markets

Nextpower (NASDAQ:NXT) had its target price raised by analysts at BMO Capital Markets from $113.00 to $125.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ target price would indicate a potential downside of 0.30% from the company’s previous close.

Several other brokerages have also recently weighed in on NXT. Bank of America raised their target price on shares of Nextpower from $102.00 to $108.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Robert W. Baird upped their price target on shares of Nextpower from $133.00 to $156.00 and gave the company an “outperform” rating in a research report on Wednesday. Mizuho set a $81.00 price objective on Nextpower in a research report on Friday, January 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Nextpower in a research note on Friday, March 27th. Finally, Roth Mkm restated a “buy” rating and issued a $130.00 price target on shares of Nextpower in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.15.

Nextpower Stock Performance

Shares of NXT stock opened at $125.37 on Wednesday. The firm’s 50 day moving average price is $115.69 and its 200-day moving average price is $105.39. Nextpower has a one year low of $51.69 and a one year high of $134.32. The firm has a market cap of $18.61 billion, a P/E ratio of 32.06, a P/E/G ratio of 6.00 and a beta of 1.60.

Nextpower (NASDAQ:NXT) last posted its earnings results on Tuesday, May 12th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.16. The firm had revenue of $880.52 million for the quarter, compared to analyst estimates of $826.26 million. Nextpower had a return on equity of 32.01% and a net margin of 16.43%.Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. As a group, research analysts predict that Nextpower will post 3.72 EPS for the current fiscal year.

Insider Activity at Nextpower

In related news, CEO Daniel S. Shugar sold 59,456 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $105.17, for a total transaction of $6,252,987.52. Following the sale, the chief executive officer owned 746,339 shares of the company’s stock, valued at $78,492,472.63. This trade represents a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is currently owned by insiders.

Institutional Trading of Nextpower

A number of hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Nextpower during the fourth quarter worth $170,918,000. William Blair Investment Management LLC purchased a new stake in Nextpower during the third quarter worth approximately $108,739,000. Amundi boosted its position in Nextpower by 156.1% during the 3rd quarter. Amundi now owns 2,111,628 shares of the company’s stock worth $161,600,000 after purchasing an additional 1,287,071 shares during the period. Allianz Asset Management GmbH grew its stake in shares of Nextpower by 938.0% in the third quarter. Allianz Asset Management GmbH now owns 794,538 shares of the company’s stock valued at $58,788,000 after buying an additional 717,991 shares in the last quarter. Finally, Electron Capital Partners LLC grew its position in Nextpower by 2,017.7% in the third quarter. Electron Capital Partners LLC now owns 566,415 shares of the company’s stock valued at $41,909,000 after acquiring an additional 539,668 shares in the last quarter. Institutional investors and hedge funds own 67.41% of the company’s stock.

Key Nextpower News

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower beat expectations with Q4 EPS of $1.05 versus $0.89 expected, and revenue of $880.5 million versus $826.3 million expected, reinforcing that demand and profitability remained strong. Conference Call and Earnings Release
• Positive Sentiment: The company reported solid margins and net income, with GAAP net income of $151 million and a 33.8% gross margin, suggesting efficient execution even as revenue was slightly below the prior quarter. Fiscal Year 2026 Financial Results
• Positive Sentiment: Investor enthusiasm was further boosted by the announcement of a definitive agreement to acquire Zigor Corporation’s power conversion business and Apex Power, which should expand Nextpower’s product portfolio and support entry into battery energy storage and related markets. Acquisition Announcement
• Neutral Sentiment: Management’s FY2027 guidance was mixed relative to expectations: EPS guidance of 4.210-4.590 came in slightly below the consensus view, while revenue guidance of $3.8 billion-$4.1 billion was broadly in line with forecasts.
• Neutral Sentiment: Several pre-earnings articles focused on analyst expectations, sentiment, and leadership/governance changes, but the main stock-moving catalyst today was the earnings beat and acquisition news. Earnings Call Transcript

Nextpower Company 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.