16,037 Shares in Nextpower Inc. $NXT Bought by FinArc Investments Inc.

FinArc Investments Inc. purchased a new stake in shares of Nextpower Inc. (NASDAQ:NXT) during the 1st quarter, HoldingsChannel reports. The firm purchased 16,037 shares of the company’s stock, valued at approximately $1,933,000. Nextpower makes up 1.9% of FinArc Investments Inc.’s portfolio, making the stock its 23rd largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NXT. State Street Corp boosted its stake in shares of Nextpower by 0.6% during the 3rd quarter. State Street Corp now owns 5,391,696 shares of the company’s stock worth $398,932,000 after acquiring an additional 31,689 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Nextpower by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 4,021,741 shares of the company’s stock valued at $350,385,000 after purchasing an additional 236,593 shares in the last quarter. Invesco Ltd. increased its stake in shares of Nextpower by 5.1% in the 4th quarter. Invesco Ltd. now owns 2,864,660 shares of the company’s stock valued at $249,541,000 after purchasing an additional 139,211 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Nextpower by 4.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,429,410 shares of the company’s stock worth $211,627,000 after purchasing an additional 111,782 shares during the period. Finally, Amundi raised its holdings in Nextpower by 156.1% in 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. Hedge funds and other institutional investors own 67.41% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on NXT shares. Needham & Company LLC reissued a “buy” rating and issued a $149.00 price objective on shares of Nextpower in a report on Friday, May 29th. BMO Capital Markets upped their target price on Nextpower from $113.00 to $125.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th. TD Cowen decreased their target price on Nextpower from $135.00 to $118.00 and set a “hold” rating on the stock in a research report on Monday, July 20th. Jefferies Financial Group set a $153.00 price target on shares of Nextpower in a research note on Friday, June 26th. Finally, Guggenheim raised shares of Nextpower from a “neutral” rating to a “buy” rating and set a $125.00 price target for the company in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Nextpower currently has an average rating of “Moderate Buy” and a consensus price target of $151.42.

Nextpower Price Performance

NASDAQ NXT opened at $96.90 on Friday. The company has a market cap of $14.56 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 1.85 and a beta of 1.86. The stock’s 50 day simple moving average is $118.31 and its 200-day simple moving average is $116.47. Nextpower Inc. has a 1-year low of $52.61 and a 1-year high of $163.13.

Nextpower (NASDAQ:NXT) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.15. Nextpower had a return on equity of 28.18% and a net margin of 16.46%.The firm had revenue of $935.17 million for the quarter, compared to analyst estimates of $935.39 million. On average, equities research analysts anticipate that Nextpower Inc. will post 3.73 EPS for the current fiscal year.

Insider Activity at Nextpower

In other news, COO Nicholas Marco Miller sold 22,427 shares of the firm’s stock in a transaction dated 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 directly 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 is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Charles D. Boynton sold 4,500 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $151.79, for a total transaction of $683,055.00. Following the completion of the transaction, the chief financial officer directly owned 358,500 shares in the company, valued at approximately $54,416,715. This represents a 1.24% 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. Insiders have sold a total of 168,574 shares of company stock worth $22,559,770 over the last 90 days. Corporate insiders own 0.84% of the company’s stock.

Trending Headlines about Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Q1 FY2027 earnings exceeded expectations: Nextpower reported adjusted EPS of $1.20, above the $1.05 consensus estimate. Revenue reached $935.2 million, essentially matching expectations and rising 8.2% year over year. GAAP diluted EPS was $1.07, compared with $1.04 a year earlier. Nextpower quarterly earnings report
• Positive Sentiment: Profitability and cash generation improved: Gross profit increased 19.2% to $335.9 million, lifting gross margin to 35.9% from 32.6% a year earlier. Operating cash flow climbed 48.9% to $121.1 million, while cash and equivalents reached approximately $1.2 billion. Nextpower Q1 fiscal year 2027 financial results
• Positive Sentiment: Power-conversion acquisition completed: Nextpower finalized its purchase of power-conversion assets from Zigor Corporation and Apex Power, expanding its platform with certified central inverters for U.S. utility-scale solar and energy-storage projects. The deal could accelerate the company’s U.S. manufacturing ramp. Nextpower acquisition announcement
• Neutral Sentiment: Analyst sentiment remains favorable: Roth Capital reiterated its Buy rating, and 16 analysts have issued price targets during the past six months with a median target of $150.22. However, analyst targets are not guarantees and reflect expectations rather than new company guidance. Roth Capital rating on Nextpower
• Negative Sentiment: Insider selling is a risk signal: Company insiders reported 24 open-market sales and no purchases over the past six months, including sales by the CEO, president, COO and CFO. Institutional activity was mixed, with 327 investors adding shares and 275 reducing positions. Nextpower earnings and trading activity

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.