Nextpower (NASDAQ:NXT) Given New $143.00 Price Target at Needham & Company LLC

Key Points

• Needham lowered Nextpower’s price target to $143 from $149 but maintained a “buy” rating, implying 74.22% upside from the previous close.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and average price target of $139.54; 24 of 28 analysts rate the stock Strong Buy or Buy.
• Nextpower beat quarterly estimates with EPS of $1.31 versus $1.10 expected and revenue of $1.11 billion versus $1.06 billion, though declining margins and recent insider selling remain potential concerns.

Nextpower (NASDAQ:NXT - Get Free Report) had its price target dropped by equities research analysts at Needham & Company LLC from $149.00 to $143.00 in a report issued on Thursday, Marketbeat.com reports. The firm currently has a "buy" rating on the stock. Needham & Company LLC's target price would indicate a potential upside of 74.22% from the company's previous close.

Several other research firms have also recently commented on NXT. Jefferies Financial Group set a $115.00 target price on Nextpower in a research note on Friday, October 16th. JPMorgan Chase & Co. dropped their price target on shares of Nextpower from $152.00 to $136.00 and set an "overweight" rating on the stock in a research note on Monday, October 19th. The Goldman Sachs Group restated a "buy" rating and set a $168.00 price objective on shares of Nextpower in a research note on Wednesday, July 1st. Piper Sandler cut their target price on Nextpower from $116.00 to $110.00 and set an "overweight" rating for the company in a research report on Wednesday, September 30th. Finally, Glj Research reiterated a "buy" rating and issued a $149.00 target price on shares of Nextpower in a report on Wednesday, August 5th. 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.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $139.54.

Nextpower Stock Performance

Shares of NASDAQ:NXT opened at $82.08 on Thursday. The business's 50-day simple moving average is $82.83 and its 200 day simple moving average is $106.82. The company has a market cap of $12.45 billion, a P/E ratio of 21.26, a PEG ratio of 1.90 and a beta of 1.94. Nextpower has a one year low of $75.40 and a one year high of $163.13.

Nextpower (NASDAQ:NXT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.21. Nextpower had a net margin of 16.36% and a return on equity of 26.29%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. Analysts predict that Nextpower will post 3.80 earnings per share for the current year.

Insider Transactions at Nextpower

In related news, President Howard Wenger sold 11,176 shares of the company's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $104.78, for a total transaction 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 approximately $43,993,769.04. This represents a 2.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Julia Blunden sold 3,692 shares of Nextpower stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $84.10, for a total value of $310,497.20. Following the completion of the transaction, the director directly owned 2,742 shares in the company, valued at approximately $230,602.20. This represents a 57.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 100,431 shares of company stock valued at $10,039,748. Insiders own 0.84% of the company's stock.

Institutional Investors Weigh In On Nextpower

Several large investors have recently made changes to their positions in the company. Root Financial Partners LLC grew its stake in shares of Nextpower by 30.0% in the first quarter. Root Financial Partners LLC now owns 446 shares of the company's stock valued at $54,000 after buying an additional 103 shares in the last quarter. Signature Equity Partners LLC raised its position 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 acquiring an additional 113 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Nextpower by 2.0% in the first quarter. Janney Montgomery Scott LLC now owns 5,963 shares of the company's stock valued at $719,000 after acquiring an additional 119 shares during the last quarter. Sigma Planning Corp lifted its stake in Nextpower by 4.9% in the third quarter. Sigma Planning Corp now owns 3,779 shares of the company's stock valued at $294,000 after acquiring an additional 175 shares during the last quarter. Finally, North Dakota State Investment Board grew its position in shares of Nextpower by 4.7% in the 3rd quarter. North Dakota State Investment Board now owns 4,565 shares of the company's stock valued at $356,000 after acquiring an additional 203 shares during the period. Institutional investors own 67.41% of the company's stock.

More Nextpower News

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower reported adjusted earnings of $1.31 per share, exceeding the $1.10 analyst consensus and rising from $1.19 a year earlier. Revenue reached $1.11 billion, above the $1.06 billion estimate. Nextpower Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management issued third-quarter fiscal 2027 earnings guidance and coverage indicated that the company raised its broader outlook after reporting approximately 34% year-over-year revenue growth. The company’s reported backlog of roughly $6 billion also supports visibility into future demand. Nextpower Provides Earnings Guidance
• Positive Sentiment: Nextpower authorized a $500 million share buyback. With reported cash reserves of approximately $953 million, the repurchase program may support earnings per share and signal management confidence in the company’s financial position. Nextpower Stock Jumps on Revenue Growth and Buyback
• Neutral Sentiment: The quarter marked another estimate beat—described in coverage as the company’s sixth consecutive beat—but investors will be watching whether Nextpower can sustain its growth trajectory while executing its newly issued quarterly guidance. Nextpower Q2 2027 Earnings Overview
• Negative Sentiment: Despite stronger sales and earnings, coverage noted that margins declined. Continued margin pressure could limit the benefit of revenue growth and remains a key risk for the stock. Nextpower Q2 2027 Earnings Call Transcript

About Nextpower

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.

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