Charles Boynton Sells 4,500 Shares of Nextpower (NASDAQ:NXT) Stock

Nextpower Inc. (NASDAQ:NXT) CFO Charles Boynton sold 4,500 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $151.79, for a total value of $683,055.00. Following the sale, the chief financial officer directly owned 358,500 shares in the company, valued at $54,416,715. This trade represents a 1.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nextpower Trading Up 5.0%

Shares of Nextpower stock traded up $7.20 on Tuesday, reaching $152.22. 1,547,136 shares of the company were exchanged, compared to its average volume of 2,091,524. The stock has a fifty day moving average price of $122.42 and a 200-day moving average price of $108.73. The firm has a market capitalization of $22.60 billion, a price-to-earnings ratio of 39.74, a price-to-earnings-growth ratio of 4.05 and a beta of 1.60. Nextpower Inc. has a fifty-two week low of $51.69 and a fifty-two week high of $163.13.

Nextpower (NASDAQ:NXT) last announced its earnings results on Tuesday, May 12th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.16. The company 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. On average, equities analysts anticipate that Nextpower Inc. will post 3.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on NXT shares. Susquehanna raised their price objective on Nextpower from $161.00 to $180.00 and gave the stock a “positive” rating in a research report on Monday. BMO Capital Markets increased their price target on shares of Nextpower from $113.00 to $125.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. Weiss Ratings upgraded shares of Nextpower from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $149.00 price objective on shares of Nextpower in a research report on Friday. Finally, Wall Street Zen lowered shares of Nextpower from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Twenty investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.18.

Key Headlines Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Northland Securities raised multiple forward earnings estimates for Nextpower, including higher Q1, Q2, Q3, and Q4 2028 EPS forecasts, while reaffirming an Outperform rating and a $162 price target. Higher profit expectations typically support the stock.
• Positive Sentiment: Nextpower recently reported better-than-expected quarterly results, with EPS and revenue both topping analyst estimates, which continues to reinforce confidence in the company’s growth outlook.
• Positive Sentiment: The company also launched a patent infringement lawsuit against GameChange Solar over three patents tied to its tracker technology and TrueCapture system, which may be viewed as a defense of intellectual property and a potential support for long-term competitive positioning. Nextpower Files Patent Lawsuit Against GameChange Solar
• Neutral Sentiment: Insider activity was mixed but included a pre-arranged sale by COO Nicholas Marco Miller of 22,427 shares. Because it was conducted under a Rule 10b5-1 plan, it is less likely to be interpreted as a strong negative signal, though it can still weigh on sentiment.
• Neutral Sentiment: News that Nextpower is expanding its exposure to data centers via a new acquisition may be strategically important, but the immediate financial impact is still unclear. NXT stock alert: Solar company Nextpower is taking on data centers with new acquisition

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its stake in shares of Nextpower by 107.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 299 shares of the company’s stock worth $26,000 after purchasing an additional 155 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Nextpower by 268.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 306 shares of the company’s stock valued at $28,000 after buying an additional 223 shares in the last quarter. Signature Equity Partners LLC increased its holdings 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 during the last quarter. Huntington National Bank increased its holdings in 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 last quarter. Finally, Foster Dykema Cabot & Partners LLC bought a new position in Nextpower during the third quarter valued at approximately $36,000. 67.41% of the stock is owned by institutional investors and hedge funds.

About Nextpower

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.