Mizuho Boosts Nextpower (NASDAQ:NXT) Price Target to $130.00

Nextpower (NASDAQ:NXT) had its price objective increased by research analysts at Mizuho from $112.00 to $130.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Mizuho’s target price indicates a potential downside of 4.67% from the stock’s current price.

NXT has been the subject of a number of other reports. JPMorgan Chase & Co. boosted their price objective on shares of Nextpower from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday. Needham & Company LLC raised their target price on shares of Nextpower from $103.00 to $138.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Robert W. Baird boosted their target price on shares of Nextpower from $133.00 to $156.00 and gave the stock an “outperform” rating in a research report on Wednesday. Glj Research restated a “buy” rating and set a $147.33 price target on shares of Nextpower in a report on Monday, March 16th. Finally, TD Cowen raised their price target on Nextpower from $105.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $131.64.

Nextpower Trading Up 8.8%

Shares of NASDAQ:NXT opened at $136.37 on Thursday. The stock has a market capitalization of $20.25 billion, a PE ratio of 35.61, a P/E/G ratio of 5.96 and a beta of 1.60. Nextpower has a 1 year low of $51.69 and a 1 year high of $156.78. The firm has a fifty day moving average price of $116.34 and a 200 day moving average price of $105.72.

Nextpower (NASDAQ:NXT) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.16. The company had revenue of $880.52 million during the quarter, compared to analysts’ expectations of $826.26 million. Nextpower had a return on equity of 29.43% and a net margin of 16.46%.Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. On average, sell-side analysts forecast that Nextpower will post 3.82 earnings per share for the current fiscal year.

Insider Transactions at Nextpower

In related news, CEO Daniel S. Shugar sold 59,456 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $105.17, for a total transaction of $6,252,987.52. Following the completion of the transaction, the chief executive officer directly owned 746,339 shares in the company, valued at $78,492,472.63. This represents a 7.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NXT. Norges Bank bought a new stake in shares of Nextpower in the 4th quarter worth approximately $170,918,000. William Blair Investment Management LLC bought a new stake in Nextpower during the third quarter worth about $108,739,000. Amundi grew its position in Nextpower by 156.1% during the 3rd quarter. Amundi now owns 2,111,628 shares of the company’s stock worth $161,600,000 after acquiring an additional 1,287,071 shares during the last quarter. Allianz Asset Management GmbH increased its stake in shares of Nextpower by 938.0% in the third quarter. Allianz Asset Management GmbH now owns 794,538 shares of the company’s stock valued at $58,788,000 after buying an additional 717,991 shares in the last quarter. Finally, Electron Capital Partners LLC raised its stake in shares of Nextpower by 2,017.7% in the third quarter. Electron Capital Partners LLC now owns 566,415 shares of the company’s stock worth $41,909,000 after acquiring an additional 539,668 shares during the last quarter. Institutional investors own 67.41% of the company’s stock.

Key Headlines Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower reported fiscal fourth-quarter results that topped expectations, with EPS of $1.05 versus the $0.89 consensus and revenue of $880.5 million versus $826.3 million expected. Nextpower Reports Q4 and Fiscal Year 2026 Financial Results
• Positive Sentiment: The company also raised FY2027 guidance, which signals management confidence in continued growth and profitability. Nextpower Reports Q4 and Fiscal Year 2026 Financial Results
• Positive Sentiment: Several firms lifted their price targets, including JPMorgan Chase & Co. to $155, Susquehanna to $161, Robert W. Baird to $156, and TD Cowen to $135, reinforcing a constructive view on the stock. JPMorgan Chase & Co. Issues Positive Forecast for Nextpower (NASDAQ:NXT) Stock Price
• Positive Sentiment: Nextpower also announced a deal to acquire Zigor Corporation’s power conversion assets, which could expand its solar and battery-storage capabilities over time. Nextpower Announces Definitive Agreement to Acquire Advanced Power Conversion Product Portfolio

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.