Fideuram Asset Management Ireland dac Makes New $622,000 Investment in Nextpower Inc. $NXT

Fideuram Asset Management Ireland dac purchased a new position in Nextpower Inc. (NASDAQ:NXT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,000 shares of the company’s stock, valued at approximately $622,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Westfield Capital Management Co. LP lifted its holdings in shares of Nextpower by 6.1% in the third quarter. Westfield Capital Management Co. LP now owns 1,398,057 shares of the company’s stock valued at $103,442,000 after purchasing an additional 80,493 shares in the last quarter. New York Life Investment Management LLC bought a new position in shares of Nextpower in the third quarter valued at approximately $1,008,000. American Century Companies Inc. lifted its holdings in shares of Nextpower by 23.4% in the third quarter. American Century Companies Inc. now owns 675,886 shares of the company’s stock valued at $50,009,000 after purchasing an additional 128,296 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings 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 purchasing an additional 717,991 shares in the last quarter. Finally, Andrew Hill Investment Advisors Inc. lifted its holdings in shares of Nextpower by 31.2% in the fourth quarter. Andrew Hill Investment Advisors Inc. now owns 70,025 shares of the company’s stock valued at $6,100,000 after purchasing an additional 16,666 shares in the last quarter. Institutional investors own 67.41% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on NXT. Royal Bank Of Canada raised their target price on Nextpower from $146.00 to $149.00 and gave the company an “outperform” rating in a report on Friday. Citigroup raised their target price on Nextpower from $114.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Glj Research restated a “buy” rating and issued a $147.33 target price on shares of Nextpower in a report on Monday, March 16th. Loop Capital set a $135.00 target price on Nextpower in a report on Wednesday, May 13th. Finally, Weiss Ratings upgraded Nextpower from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 20th. Twenty equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $146.39.

Insider Transactions at Nextpower

In other Nextpower news, CEO Daniel S. Shugar sold 26,077 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $134.72, for a total value of $3,513,093.44. Following the sale, the chief executive officer directly owned 931,419 shares in the company, valued at $125,480,767.68. The trade was a 2.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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. Also, President Howard Wenger sold 62,670 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $130.25, for a total value of $8,162,767.50. Following the completion of the sale, the president owned 426,467 shares in the company, valued at approximately $55,547,326.75. The trade was a 12.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last three months, insiders have sold 240,995 shares of company stock valued at $28,661,778. Corporate insiders own 0.56% of the company’s stock.

Nextpower Price Performance

Shares of NXT opened at $156.40 on Friday. The firm has a market cap of $23.22 billion, a PE ratio of 40.84, a PEG ratio of 3.90 and a beta of 1.60. The stock’s fifty day moving average price is $121.89 and its two-hundred day moving average price is $108.44. Nextpower Inc. has a 1 year low of $51.69 and a 1 year high of $163.13.

Nextpower (NASDAQ:NXT) last issued its earnings results on Tuesday, May 12th. The company reported $1.05 earnings per share (EPS) for the quarter, beating 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 28.18% and a net margin of 16.46%.Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. Sell-side analysts anticipate that Nextpower Inc. will post 3.58 earnings per share for the current fiscal year.

Nextpower News Summary

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower announced a definitive agreement to acquire Prevalon Energy, a move that opens a new battery energy storage and AI data center infrastructure growth channel and could broaden its total addressable market. Article: Nextpower Announces Entry into Battery Energy Storage (BESS) and AI Data Center Markets…
• Positive Sentiment: The company also raised its fiscal 2027 outlook, reinforcing confidence that the acquisition and related market expansion could accelerate future revenue and EBITDA growth. Article: A Green Energy Revival Is Under Way. Nextpower Is Leading the Charge.
• Positive Sentiment: Several analysts turned more constructive, with multiple firms raising price targets and reiterating overweight/buy ratings, including JPMorgan, KeyCorp, BNP Paribas Exane, and Wells Fargo. Article: Analyst price target updates on Nextpower
• Neutral Sentiment: Insider sales by executives were disclosed, but they were described as pre-arranged 10b5-1 transactions and tax-withholding sales tied to equity vesting, which makes them less likely to be read as a negative operating signal. Article: Daniel Shugar Sells 26,077 Shares of Nextpower (NASDAQ:NXT) Stock

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.