Beaconlight Capital LLC Acquires Shares of 18,841 Nextpower Inc. $NXT

Beaconlight Capital LLC bought a new position in Nextpower Inc. (NASDAQ:NXT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 18,841 shares of the company’s stock, valued at approximately $1,024,000. Nextpower makes up about 0.6% of Beaconlight Capital LLC’s holdings, making the stock its 26th biggest holding.

Other institutional investors also recently bought and sold shares of the company. US Bancorp DE lifted its stake in Nextpower by 79.0% in the 1st quarter. US Bancorp DE now owns 4,312 shares of the company’s stock worth $182,000 after purchasing an additional 1,903 shares in the last quarter. National Bank of Canada FI bought a new stake in shares of Nextpower in the first quarter worth about $153,000. Nuveen LLC purchased a new stake in shares of Nextpower in the first quarter worth about $40,356,000. HighTower Advisors LLC boosted its stake in Nextpower by 2.2% during the first quarter. HighTower Advisors LLC now owns 33,199 shares of the company’s stock valued at $1,399,000 after buying an additional 721 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Nextpower by 2.0% during the 1st quarter. Russell Investments Group Ltd. now owns 62,344 shares of the company’s stock valued at $2,627,000 after buying an additional 1,233 shares in the last quarter. 67.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Nextpower

In related news, CEO Daniel S. Shugar sold 47,743 shares of Nextpower stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $91.28, for a total value of $4,357,981.04. Following the completion of the sale, the chief executive officer directly owned 624,882 shares in the company, valued at $57,039,228.96. The trade was a 7.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William D. Watkins sold 10,000 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $91.85, for a total transaction of $918,500.00. Following the transaction, the director owned 16,777 shares in the company, valued at approximately $1,540,967.45. The trade was a 37.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 101,185 shares of company stock worth $8,940,699 over the last quarter. Insiders own 0.56% of the company’s stock.

Nextpower Stock Performance

Shares of NXT stock opened at $86.75 on Friday. The stock has a 50 day moving average price of $91.89 and a 200 day moving average price of $73.13. The firm has a market capitalization of $12.87 billion, a P/E ratio of 22.53, a P/E/G ratio of 3.24 and a beta of 2.35. Nextpower Inc. has a 52-week low of $33.29 and a 52-week high of $112.74.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NXT. UBS Group upped their price objective on Nextpower to $125.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Nextpower in a research report on Monday. TD Cowen upped their target price on shares of Nextpower from $65.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, October 24th. Deutsche Bank Aktiengesellschaft set a $99.00 price target on Nextpower and gave the stock a “buy” rating in a research report on Friday, October 24th. Finally, Needham & Company LLC began coverage on Nextpower in a research report on Wednesday, October 22nd. They set a “buy” rating and a $102.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.76.

About Nextpower

Nextpower, formerly known as Nextracker, an energy solutions company, provides solar trackers and software solutions for utility-scale and distributed generation solar projects in the United States and internationally. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain.