Duff & Phelps Investment Management Co. Has $2.18 Million Stock Holdings in Nextpower Inc. $NXT

Duff & Phelps Investment Management Co. boosted its stake in Nextpower Inc. (NASDAQ:NXT) by 31.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,094 shares of the company’s stock after buying an additional 9,648 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Nextpower were worth $2,180,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Nextpower by 703.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 659 shares of the company’s stock worth $28,000 after acquiring an additional 577 shares in the last quarter. Cullen Frost Bankers Inc. raised its stake in shares of Nextpower by 122.3% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 589 shares of the company’s stock worth $32,000 after purchasing an additional 324 shares in the last quarter. Summit Securities Group LLC lifted its holdings in shares of Nextpower by 796.0% during the 1st quarter. Summit Securities Group LLC now owns 905 shares of the company’s stock valued at $38,000 after buying an additional 804 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Nextpower in the 1st quarter valued at approximately $40,000. Finally, Hantz Financial Services Inc. increased its holdings in Nextpower by 1,737.8% in the second quarter. Hantz Financial Services Inc. now owns 827 shares of the company’s stock worth $45,000 after buying an additional 782 shares during the last quarter. 67.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Nextpower

In related news, President Howard Wenger sold 5,217 shares of the business’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $75.00, for a total transaction of $391,275.00. Following the transaction, the president owned 409,039 shares of the company’s stock, valued at approximately $30,677,925. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Charles D. Boynton sold 4,500 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $67.21, for a total transaction of $302,445.00. Following the transaction, the chief financial officer owned 295,059 shares of the company’s stock, valued at approximately $19,830,915.39. The trade was a 1.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.56% of the company’s stock.

Nextpower Price Performance

Nextpower stock opened at $89.40 on Tuesday. Nextpower Inc. has a fifty-two week low of $33.29 and a fifty-two week high of $112.74. The firm has a fifty day moving average price of $85.15 and a two-hundred day moving average price of $68.47. The firm has a market cap of $13.27 billion, a price-to-earnings ratio of 23.22, a P/E/G ratio of 2.28 and a beta of 2.30.

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

Analyst Upgrades and Downgrades

NXT has been the subject of a number of analyst reports. Mizuho set a $76.00 target price on shares of Nextpower in a research note on Monday, October 20th. BMO Capital Markets raised their price target on shares of Nextpower from $89.00 to $93.00 and gave the company a “market perform” rating in a report on Friday, October 24th. The Goldman Sachs Group lifted their price objective on shares of Nextpower from $89.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Northland Securities reissued a “market perform” rating on shares of Nextpower in a research report on Wednesday, July 30th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Nextpower in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.