BNP Paribas Exane Forecasts Strong Price Appreciation for Nextpower (NASDAQ:NXT) Stock

Nextpower (NASDAQ:NXT) had its price objective raised by analysts at BNP Paribas Exane from $177.00 to $182.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BNP Paribas Exane’s price objective suggests a potential upside of 20.12% from the company’s current price.

NXT has been the topic of a number of other reports. Citigroup boosted their price objective on Nextpower from $114.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Jefferies Financial Group set a $159.00 price objective on Nextpower in a research note on Friday. Susquehanna upped their price target on Nextpower from $136.00 to $161.00 and gave the company a “positive” rating in a research report on Wednesday, May 13th. Northland Securities upped their price target on Nextpower from $148.00 to $162.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Weiss Ratings upgraded Nextpower from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 20th. Twenty equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $146.39.

Nextpower Trading Up 10.5%

Shares of NASDAQ:NXT traded up $14.34 during midday trading on Friday, reaching $151.51. The company had a trading volume of 2,556,641 shares, compared to its average volume of 2,073,254. The company’s 50 day moving average price is $121.07 and its 200 day moving average price is $108.11. The stock has a market cap of $22.50 billion, a P/E ratio of 39.56, a P/E/G ratio of 3.34 and a beta of 1.60. Nextpower has a 52-week low of $51.69 and a 52-week high of $163.13.

Nextpower (NASDAQ:NXT) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.16. Nextpower had a return on equity of 28.18% and a net margin of 16.46%.The business had revenue of $880.52 million for the quarter, compared to analysts’ expectations of $826.26 million. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. Research analysts forecast that Nextpower will post 3.76 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Bruce Ledesma sold 3,248 shares of Nextpower stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $134.72, for a total value of $437,570.56. Following the completion of the sale, the insider directly owned 246,130 shares in the company, valued at approximately $33,158,633.60. This trade represents a 1.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 Nextpower stock in a transaction dated Tuesday, May 26th. The stock was 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 of the company’s stock, valued at $55,547,326.75. The trade was a 12.81% 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. Insiders have sold a total of 240,995 shares of company stock valued at $28,661,778 over the last quarter. Corporate insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of NXT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Nextpower by 19.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 437,490 shares of the company’s stock worth $18,436,000 after purchasing an additional 71,842 shares during the last quarter. M&T Bank Corp purchased a new position in Nextpower in the second quarter worth about $223,000. EverSource Wealth Advisors LLC lifted its position in shares of Nextpower by 179.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company’s stock valued at $61,000 after buying an additional 724 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Nextpower by 154.0% during the 2nd quarter. Cerity Partners LLC now owns 18,539 shares of the company’s stock valued at $1,008,000 after buying an additional 11,239 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of Nextpower by 36.5% during the 2nd quarter. California Public Employees Retirement System now owns 222,960 shares of the company’s stock valued at $12,122,000 after buying an additional 59,573 shares in the last quarter. 67.41% of the stock is owned by hedge funds and other institutional investors.

Nextpower News Summary

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower announced a definitive agreement to acquire Prevalon Energy, which expands the company into battery energy storage systems and energy management software, opening a new growth avenue tied to AI data center power demand. Nextpower Announces Entry into Battery Energy Storage (BESS) and AI Data Center Markets…
• Positive Sentiment: The company also raised its fiscal 2027 outlook, signaling management expects faster revenue and EBITDA growth than previously projected.
• Positive Sentiment: Multiple Wall Street firms lifted price targets and reiterated bullish ratings, including JPMorgan, KeyCorp, Wells Fargo, and Royal Bank of Canada, reinforcing confidence in Nextpower’s earnings trajectory.
• Neutral Sentiment: Analyst attention and investor interest have increased around the stock, with recent coverage highlighting its role in solar, energy storage, and AI infrastructure themes. A Green Energy Revival Is Under Way. Nextpower Is Leading the Charge.
• Neutral Sentiment: Recent insider sales by executives were disclosed, but they were made under pre-arranged Rule 10b5-1 plans and were tied to tax withholding, which makes them less likely to be viewed as a negative signal.

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.