Nextpower (NASDAQ:NXT) Stock Gets Price Target Trim from Susquehanna

Key Points

• Susquehanna lowered Nextpower’s price target from $150 to $145 while maintaining a “positive” rating, implying 76.66% potential upside. Analysts overall rate the stock “Moderate Buy,” with an average target of $139.35.
• Nextpower exceeded quarterly expectations, reporting $1.31 in EPS versus the $1.10 consensus and $1.11 billion in revenue versus $1.06 billion expected. However, margin pressure remains a potential concern despite strong growth and backlog.
• Insiders have recently sold shares, including director and CFO transactions; insiders sold about 100,431 shares worth $10.0 million over the past 90 days. Institutional investors own 67.41% of the company.

Nextpower (NASDAQ:NXT - Get Free Report) had its price target decreased by equities researchers at Susquehanna from $150.00 to $145.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a "positive" rating on the stock. Susquehanna's target price would indicate a potential upside of 76.66% from the company's current price.

Other equities analysts also recently issued research reports about the company. TD Cowen upgraded Nextpower to a "hold" rating in a research report on Monday, October 5th. Barclays decreased their target price on Nextpower from $147.00 to $146.00 and set an "overweight" rating on the stock in a report on Tuesday, October 13th. Jefferies Financial Group set a $115.00 target price on Nextpower in a research note on Friday, October 16th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Nextpower in a report on Tuesday. Finally, Glj Research reiterated a "buy" rating and set a $149.00 price target on shares of Nextpower in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $139.35.

Nextpower Trading Up 3.3%

Shares of Nextpower stock opened at $82.08 on Thursday. The stock has a market capitalization of $12.45 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 1.90 and a beta of 1.94. Nextpower has a 1-year low of $75.40 and a 1-year high of $163.13. The firm's 50-day moving average price is $82.83 and its two-hundred day moving average price is $106.82.

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

Insider Activity

In other Nextpower news, Director Brandi Thomas sold 7,415 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $91.25, for a total value of $676,618.75. Following the transaction, the director directly owned 7,914 shares in the company, valued at approximately $722,152.50. This trade represents a 48.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Charles Boynton sold 4,500 shares of Nextpower stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $79.98, for a total value of $359,910.00. Following the completion of the sale, the chief financial officer directly owned 354,000 shares of the company's stock, valued at $28,312,920. This trade represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 100,431 shares of company stock worth $10,039,748. 0.84% of the stock is owned by company insiders.

Hedge Funds Weigh In On Nextpower

Hedge funds have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Nextpower during the 3rd quarter worth approximately $4,515,000. Vise Technologies Inc. bought a new stake in Nextpower in the 3rd quarter valued at $846,000. Cidel Asset Management Inc. boosted its stake in Nextpower by 8.5% in the 3rd quarter. Cidel Asset Management Inc. now owns 4,909 shares of the company's stock worth $383,000 after purchasing an additional 386 shares during the period. State of Wyoming boosted its stake in Nextpower by 123.6% in the 3rd quarter. State of Wyoming now owns 5,263 shares of the company's stock worth $410,000 after purchasing an additional 2,909 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in Nextpower by 2.0% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 15,338 shares of the company's stock worth $1,195,000 after purchasing an additional 300 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: Quarterly results exceeded expectations. Nextpower reported adjusted earnings of $1.31 per share, up from $1.19 a year earlier and above the $1.10 consensus estimate. Revenue reached $1.11 billion versus expectations of $1.06 billion. Nextpower Q2 earnings and revenues beat estimates
• Positive Sentiment: Growth and outlook improved. Reports highlighted a 34% year-over-year increase in quarterly revenue, a roughly $6 billion backlog and an increased earnings outlook. Management also issued guidance for the next quarter, giving investors additional visibility into demand. Nextpower Q2 2027 earnings and raised outlook
• Positive Sentiment: $500 million buyback authorized. The repurchase program, supported by approximately $953 million in cash reserves, could reduce the share count and provide support for earnings per share and the stock valuation. Nextpower revenue growth and buyback
• Neutral Sentiment: Needham remains bullish despite trimming its target. Needham lowered its price target from $149 to $143 but maintained a “buy” rating, implying substantial potential upside based on the cited reference price. Needham analyst recommendations
• Negative Sentiment: Profitability remains a risk. Although sales and earnings beat estimates, coverage noted that margins declined. Investors may focus on whether Nextpower can convert its strong backlog and revenue growth into sustained margin expansion.

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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