Nicholas Marco Miller Sells 22,427 Shares of Nextpower (NASDAQ:NXT) Stock

Nextpower Inc. (NASDAQ:NXT) COO Nicholas Marco Miller sold 22,427 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $156.00, for a total transaction of $3,498,612.00. Following the sale, the chief operating officer owned 186,194 shares in the company, valued at $29,046,264. This trade represents a 10.75% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nicholas Marco Miller also recently made the following trade(s):

• On Wednesday, May 20th, Nicholas Marco Miller sold 24,511 shares of Nextpower stock. The shares were sold at an average price of $127.32, for a total transaction of $3,120,740.52.

Nextpower Stock Performance

Shares of NXT stock opened at $152.22 on Wednesday. The stock has a market capitalization of $22.87 billion, a P/E ratio of 39.74, a price-to-earnings-growth ratio of 3.75 and a beta of 1.73. The company has a 50 day moving average price of $122.42 and a 200 day moving average price of $108.73. Nextpower Inc. has a fifty-two week low of $51.69 and a fifty-two week high of $163.13.

Nextpower (NASDAQ:NXT) last released 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. Nextpower had a net margin of 16.46% and a return on equity of 28.18%. The company had revenue of $880.52 million for the quarter, compared to analyst estimates of $826.26 million. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. On average, research analysts forecast that Nextpower Inc. will post 3.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Nextpower

Hedge funds and other institutional investors have recently made changes to their positions in the business. Signature Equity Partners LLC lifted its stake in Nextpower by 76.4% during the first quarter. Signature Equity Partners LLC now owns 261 shares of the company’s stock worth $31,000 after purchasing an additional 113 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Nextpower by 107.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the company’s stock valued at $26,000 after purchasing an additional 155 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in Nextpower by 268.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 306 shares of the company’s stock worth $28,000 after purchasing an additional 223 shares in the last quarter. Huntington National Bank raised its holdings in Nextpower by 480.3% during the fourth quarter. Huntington National Bank now owns 383 shares of the company’s stock worth $33,000 after purchasing an additional 317 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its position in shares of Nextpower by 76.5% during the 4th quarter. Baillie Gifford & Co. now owns 420 shares of the company’s stock worth $37,000 after buying an additional 182 shares during the last quarter. Institutional investors and hedge funds own 67.41% of the company’s stock.

Nextpower News Summary

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Northland Securities raised multiple forward EPS estimates for Nextpower, including Q1 2027, Q1 2028, Q2 2028, Q3 2028 and Q4 2028, while keeping an Outperform rating and a $162 price target, signaling confidence in long-term earnings growth. MarketBeat NXT page
• Positive Sentiment: Nextpower filed a patent infringement lawsuit against GameChange Solar, which may protect its tracker and energy-management technology and support its competitive position in solar infrastructure. Nextpower Files Patent Lawsuit Against GameChange Solar
• Neutral Sentiment: GameChange Energy said it will vigorously defend the patent claims, introducing some litigation uncertainty for both sides. GameChange Energy response
• Negative Sentiment: COO Nicholas Marco Miller sold 22,427 shares and CFO Charles D. Boynton sold 4,500 shares under pre-arranged trading plans. While routine, insider selling can temper enthusiasm if investors worry management sees less near-term upside. Insider trades alert

Wall Street Analyst Weigh In

NXT has been the subject of a number of recent research reports. Susquehanna lifted their target price on Nextpower from $161.00 to $180.00 and gave the company a “positive” rating in a report on Monday. Wall Street Zen lowered Nextpower from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Royal Bank Of Canada lifted their price objective on Nextpower from $146.00 to $149.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Wolfe Research reissued an “outperform” rating and set a $160.00 price objective on shares of Nextpower in a research report on Friday. Finally, Needham & Company LLC restated a “buy” rating and set a $149.00 target price on shares of Nextpower in a research note on Friday, May 29th. Twenty research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $147.18.

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.