Nextpower (NASDAQ:NXT) Given New $158.00 Price Target at Glj Research

Nextpower (NASDAQ:NXT) had its price target hoisted by analysts at Glj Research from $149.00 to $158.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Glj Research‘s price objective would suggest a potential upside of 73.38% from the company’s current price.

NXT has been the topic of several other reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Nextpower in a report on Tuesday, October 27th. Robert W. Baird decreased their target price on shares of Nextpower from $156.00 to $116.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 22nd. Needham & Company LLC lowered their target price on shares of Nextpower from $149.00 to $143.00 and set a “buy” rating for the company in a report on Thursday, October 29th. Mizuho dropped their price target on shares of Nextpower from $111.00 to $101.00 and set a “neutral” rating for the company in a research report on Thursday, October 15th. Finally, UBS Group cut their price target on shares of Nextpower from $160.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Nextpower presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.58.

Nextpower Trading Up 14.9%

Nextpower stock opened at $91.13 on Tuesday. The firm has a market capitalization of $13.83 billion, a P/E ratio of 22.95, a PEG ratio of 1.98 and a beta of 1.94. The stock has a fifty day moving average price of $82.51 and a 200 day moving average price of $106.62. Nextpower has a 52 week low of $75.40 and a 52 week high of $163.13.

Nextpower (NASDAQ:NXT) last released its earnings results on Wednesday, October 28th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.21. Nextpower had a return on equity of 26.13% and a net margin of 15.98%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.06 billion. As a group, equities analysts predict that Nextpower will post 3.84 EPS for the current year.

Insider Buying and Selling

In other Nextpower news, Director Brandi Thomas sold 7,415 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $91.25, for a total transaction of $676,618.75. Following the transaction, the director owned 7,914 shares in the company, valued at $722,152.50. The trade was a 48.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Howard Wenger sold 11,176 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $104.78, for a total value of $1,171,021.28. Following the completion of the sale, the president directly owned 419,868 shares of the company’s stock, valued at $43,993,769.04. The trade was a 2.59% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 100,431 shares of company stock valued at $10,039,748 over the last ninety days. Insiders own 0.84% of the company’s stock.

Institutional Trading of Nextpower

Several institutional investors have recently added to or reduced their stakes in NXT. Alps Advisors Inc. grew its position in Nextpower by 19.3% in the 3rd quarter. Alps Advisors Inc. now owns 85,383 shares of the company’s stock worth $6,654,000 after purchasing an additional 13,839 shares during the last quarter. Heritage Family Offices LLP acquired a new stake in shares of Nextpower in the third quarter valued at approximately $29,000. Kestra Advisory Services LLC increased its stake in shares of Nextpower by 6.8% in the third quarter. Kestra Advisory Services LLC now owns 4,643 shares of the company’s stock valued at $362,000 after purchasing an additional 295 shares during the period. TFB Advisors LLC boosted its position in shares of Nextpower by 5.0% during the third quarter. TFB Advisors LLC now owns 3,793 shares of the company’s stock worth $296,000 after buying an additional 182 shares during the period. Finally, AIA Group Ltd boosted its position in shares of Nextpower by 91.8% during the third quarter. AIA Group Ltd now owns 10,857 shares of the company’s stock worth $846,000 after buying an additional 5,197 shares during the period. 67.41% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Jefferies named Nextpower a “franchise pick,” replacing GE Vernova, providing a major endorsement of the company’s competitive position and growth prospects. Nextpower rallies after Jefferies names franchise pick
• Positive Sentiment: Recent results exceeded expectations, with Nextpower reporting $1.31 in quarterly EPS versus the $1.10 consensus estimate and revenue of $1.11 billion versus $1.06 billion. The company also raised its outlook, reinforcing the bullish reaction. Nextpower beats and lifts guidance
• Positive Sentiment: Northland Securities raised its FY2027 EPS forecast to $3.97 from $3.81 and its FY2028 forecast to $4.50 from $4.40. It also increased estimates for Q4 2027, Q3 2028 and Q4 2028, suggesting expectations for stronger future earnings growth.
• Positive Sentiment: Wells Fargo initiated or reiterated a Buy rating, adding further institutional support despite separately trimming its price target. Nextpower gets a Buy from Wells Fargo
• Neutral Sentiment: Northland lowered its Q3 2027 EPS estimate to $0.68 from $0.99 and trimmed Q1 2028 to $0.99 from $1.01, partially offsetting the broader upward revisions.
• Neutral Sentiment: Valuation remains a consideration: Nextpower trades at roughly 23 times earnings, while commentary has questioned whether the recent rally fully reflects the improved outlook.
• Negative Sentiment: Execution and governance risks surrounding the company’s Saudi solar joint venture could pressure expansion plans and the financial outlook. Risks cloud Nextpower’s Saudi solar expansion

Nextpower Company Profile

Nextracker Inc is a renewable energy technology company that designs, manufactures and supplies intelligent solar-tracking systems for utility-scale and large commercial solar power projects. Its systems adjust the position of solar panels throughout the day to help photovoltaic modules capture more sunlight and improve energy production.

The company’s product portfolio includes single-axis solar trackers, structural components, foundations and related hardware, as well as software and controls designed to optimize tracker performance.