Nextpower’s (NXT) “Buy” Rating Reiterated at Glj Research

Glj Research reaffirmed their buy rating on shares of Nextpower (NASDAQ:NXT) in a research report released on Wednesday,Benzinga reports. They currently have a $149.00 price target on the stock.

Other equities research analysts also recently issued reports about the company. BNP Paribas Exane lifted their price objective on Nextpower from $177.00 to $182.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Truist Financial upped their target price on shares of Nextpower from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, July 31st. BMO Capital Markets upgraded shares of Nextpower from a “hold” rating to an “outperform” rating and set a $132.00 price target for the company in a research note on Friday, July 31st. JPMorgan Chase & Co. decreased their price objective on shares of Nextpower from $179.00 to $152.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft set a $137.00 price objective on shares of Nextpower in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $146.12.

Nextpower Trading Up 4.9%

Shares of NXT opened at $103.26 on Wednesday. The business’s fifty day simple moving average is $113.49 and its two-hundred day simple moving average is $116.29. Nextpower has a 12 month low of $52.61 and a 12 month high of $163.13. The company has a market cap of $15.52 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 1.97 and a beta of 1.95.

Nextpower (NASDAQ:NXT) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.15. The firm had revenue of $935.17 million during the quarter, compared to analysts’ expectations of $935.39 million. Nextpower had a return on equity of 26.29% and a net margin of 16.36%. As a group, research analysts forecast that Nextpower will post 3.73 EPS for the current year.

Insider Buying and Selling at Nextpower

In related news, COO Nicholas Marco Miller sold 22,427 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $156.00, for a total value of $3,498,612.00. Following the transaction, the chief operating officer owned 186,194 shares of the company’s stock, valued at approximately $29,046,264. This trade represents a 10.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Daniel S. Shugar sold 26,077 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $134.72, for a total transaction of $3,513,093.44. Following the sale, the chief executive officer owned 931,419 shares of the company’s stock, valued at $125,480,767.68. This trade represents a 2.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Over the last quarter, insiders sold 170,863 shares of company stock worth $22,782,306. 0.84% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Nextpower

Hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC lifted its position in Nextpower by 107.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the company’s stock valued at $26,000 after purchasing an additional 155 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in Nextpower by 268.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 306 shares of the company’s stock worth $28,000 after buying an additional 223 shares in the last quarter. Signature Equity Partners LLC increased its position in Nextpower by 76.4% in the first quarter. Signature Equity Partners LLC now owns 261 shares of the company’s stock worth $31,000 after buying an additional 113 shares in the last quarter. Huntington National Bank raised its stake in shares of Nextpower by 480.3% in the fourth quarter. Huntington National Bank now owns 383 shares of the company’s stock worth $33,000 after buying an additional 317 shares during the period. Finally, Baillie Gifford & Co. raised its stake in shares of Nextpower by 76.5% in the fourth quarter. Baillie Gifford & Co. now owns 420 shares of the company’s stock worth $37,000 after buying an additional 182 shares during the period. Institutional investors own 67.41% of the company’s stock.

Nextpower News Summary

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Analyst support remains favorable. GLJ Research reaffirmed its “Buy” rating, while Northland Securities maintained an “Outperform” rating and a $162 price target. These targets suggest analysts see meaningful long-term upside if Nextpower executes on its growth plans. GLJ Research rating report
• Positive Sentiment: Recent operating results provided a supportive backdrop. Nextpower’s latest quarterly EPS of $1.20 exceeded the $1.05 consensus estimate, although revenue of $935.17 million was essentially in line with expectations. The company reported a 16.36% net margin and 26.29% return on equity.
• Neutral Sentiment: Northland’s forecast changes were mixed. The firm raised its Q3 2028 EPS estimate to $1.15 from $1.13 and projected FY2027 EPS of $3.81, above the current-year consensus of approximately $3.73–$3.75. However, it reduced estimates for Q1 2028, Q2 2028, Q4 2027, Q4 2028 and FY2028, with the FY2028 forecast falling to $4.40 from $4.48. The revisions may temper enthusiasm about the pace of longer-term earnings growth.
• Negative Sentiment: A director disclosed a sizable insider sale. Julia Blunden sold 2,289 shares for approximately $222,537 at an average price of $97.22, reducing her direct ownership by 23.59% to 7,415 shares. The transaction can weigh on sentiment, although insider sales may reflect personal financial needs rather than a negative view of the business. Nextpower insider sale report

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.