Nextpower Inc. $NXT is BlackBarn Capital Partners LP’s 9th Largest Position

BlackBarn Capital Partners LP cut its stake in shares of Nextpower Inc. (NASDAQ:NXT) by 13.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 310,000 shares of the company’s stock after selling 50,000 shares during the period. Nextpower makes up 1.0% of BlackBarn Capital Partners LP’s portfolio, making the stock its 9th largest holding. BlackBarn Capital Partners LP’s holdings in Nextpower were worth $16,855,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Nextpower in the 2nd quarter worth $140,772,000. Wellington Management Group LLP lifted its position in Nextpower by 56.5% in the first quarter. Wellington Management Group LLP now owns 5,237,833 shares of the company’s stock valued at $220,722,000 after purchasing an additional 1,890,445 shares during the period. Encompass Capital Advisors LLC boosted its holdings in Nextpower by 72.5% in the 1st quarter. Encompass Capital Advisors LLC now owns 2,630,114 shares of the company’s stock valued at $110,833,000 after purchasing an additional 1,105,617 shares in the last quarter. Wedge Capital Management L L P NC purchased a new stake in Nextpower in the 2nd quarter valued at approximately $58,122,000. Finally, Nuveen LLC purchased a new stake in Nextpower in the 1st quarter valued at approximately $40,356,000. 67.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on NXT shares. Bank of America raised their price target on Nextpower from $94.00 to $102.00 and gave the company a “buy” rating in a report on Friday, November 14th. Citigroup upgraded Nextpower from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $66.00 to $114.00 in a research report on Tuesday, October 21st. Robert W. Baird set a $100.00 target price on Nextpower in a report on Friday, October 31st. Wall Street Zen cut shares of Nextpower from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 25th. Finally, Jefferies Financial Group increased their price target on shares of Nextpower from $84.00 to $104.00 and gave the company a “buy” rating in a report on Friday, October 24th. 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $95.76.

Nextpower Stock Performance

Nextpower stock opened at $86.75 on Friday. Nextpower Inc. has a fifty-two week low of $33.29 and a fifty-two week high of $112.74. The firm has a market capitalization of $12.87 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 3.24 and a beta of 2.35. The stock’s fifty day moving average is $91.89 and its two-hundred day moving average is $73.13.

Nextpower (NASDAQ:NXT) last released its quarterly earnings results on Thursday, October 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.21. The business had revenue of $905.27 million during the quarter, compared to the consensus estimate of $839.53 million. Nextpower had a return on equity of 35.05% and a net margin of 17.08%.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 fiscal year.

Insider Activity at Nextpower

In other Nextpower news, CAO David P. Bennett sold 33,725 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $88.08, for a total value of $2,970,498.00. Following the sale, the chief accounting officer owned 130,967 shares of the company’s stock, valued at $11,535,573.36. This represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Charles D. Boynton sold 4,500 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 295,059 shares in the company, valued at $19,830,915.39. This represents a 1.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 101,185 shares of company stock valued at $8,940,699 in the last quarter. 0.56% of the stock is owned by corporate insiders.

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.