BNP Paribas Exane Issues Positive Forecast for Nextpower (NASDAQ:NXT) Stock Price

Key Points

• BNP Paribas Exane raised its price target on Nextpower from $177 to $182 and kept an outperform rating, implying about 20% upside from the current price.
• Other analysts have also turned more bullish, with several firms lifting targets recently; the stock now carries a Moderate Buy consensus and an average target price of $146.39.
• Nextpower beat earnings and revenue estimates in its latest quarter, and the company recently announced a deal to acquire Prevalon Energy, expanding into battery energy storage and AI data center markets.

Nextpower (NASDAQ:NXT - Get Free Report) had its price objective boosted by research analysts at BNP Paribas Exane from $177.00 to $182.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. BNP Paribas Exane's price target would suggest a potential upside of 20.12% from the stock's current price.

Several other equities research analysts also recently commented on the stock. BMO Capital Markets lifted their target price on shares of Nextpower from $113.00 to $125.00 and gave the stock a "market perform" rating in a research report on Wednesday, May 13th. Susquehanna lifted their target price on shares of Nextpower from $136.00 to $161.00 and gave the stock a "positive" rating in a research report on Wednesday, May 13th. Needham & Company LLC reiterated a "buy" rating and set a $149.00 target price on shares of Nextpower in a research report on Friday. Glj Research reiterated a "buy" rating and set a $147.33 target price on shares of Nextpower in a research report on Monday, March 16th. Finally, Jefferies Financial Group set a $159.00 target price on shares of Nextpower in a research report on Friday. Twenty investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $146.39.

Nextpower Stock Performance

Shares of NXT traded up $14.34 during mid-day trading on Friday, reaching $151.51. The company had a trading volume of 2,556,641 shares, compared to its average volume of 2,073,254. The company's 50 day simple moving average is $121.07 and its 200 day simple moving average is $108.11. Nextpower has a 1-year low of $51.69 and a 1-year high of $163.13. The company has a market capitalization of $22.50 billion, a price-to-earnings ratio of 39.56, a P/E/G ratio of 3.34 and a beta of 1.60.

Nextpower (NASDAQ:NXT - Get Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $1.05 earnings per share for the quarter, beating 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 the consensus estimate of $826.26 million. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. As a group, equities analysts forecast that Nextpower will post 3.76 earnings per share for the current fiscal year.

Insider Activity at Nextpower

In other news, President Howard Wenger sold 62,670 shares of Nextpower stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $130.25, for a total value of $8,162,767.50. Following the completion of the sale, the president owned 426,467 shares in the company, valued at $55,547,326.75. The trade was a 12.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Daniel S. Shugar sold 26,077 shares of Nextpower stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $134.72, for a total transaction of $3,513,093.44. Following the completion of the sale, the chief executive officer owned 931,419 shares of the company's stock, valued at $125,480,767.68. This represents a 2.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 240,995 shares of company stock worth $28,661,778. 0.56% of the stock is owned by insiders.

Institutional Trading of Nextpower

Hedge funds have recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Nextpower by 19.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 437,490 shares of the company's stock worth $18,436,000 after acquiring an additional 71,842 shares during the last quarter. M&T Bank Corp purchased a new position in Nextpower during the 2nd quarter worth $223,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Nextpower by 179.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company's stock worth $61,000 after buying an additional 724 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Nextpower by 154.0% in the 2nd quarter. Cerity Partners LLC now owns 18,539 shares of the company's stock worth $1,008,000 after buying an additional 11,239 shares during the last quarter. Finally, California Public Employees Retirement System boosted its holdings in shares of Nextpower by 36.5% in the 2nd quarter. California Public Employees Retirement System now owns 222,960 shares of the company's stock worth $12,122,000 after buying an additional 59,573 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: Nextpower announced a definitive agreement to acquire Prevalon Energy, which expands the company into battery energy storage systems and energy management software, opening a new growth avenue tied to AI data center power demand. Nextpower Announces Entry into Battery Energy Storage (BESS) and AI Data Center Markets...
• Positive Sentiment: The company also raised its fiscal 2027 outlook, signaling management expects faster revenue and EBITDA growth than previously projected.
• Positive Sentiment: Multiple Wall Street firms lifted price targets and reiterated bullish ratings, including JPMorgan, KeyCorp, Wells Fargo, and Royal Bank of Canada, reinforcing confidence in Nextpower’s earnings trajectory.
• Neutral Sentiment: Analyst attention and investor interest have increased around the stock, with recent coverage highlighting its role in solar, energy storage, and AI infrastructure themes. A Green Energy Revival Is Under Way. Nextpower Is Leading the Charge.
• Neutral Sentiment: Recent insider sales by executives were disclosed, but they were made under pre-arranged Rule 10b5-1 plans and were tied to tax withholding, which makes them less likely to be viewed as a negative signal.

About Nextpower

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.

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