Hel Ved Capital Management Ltd Makes New Investment in Nextpower Inc. $NXT

Key Points

• Hel Ved Capital Management Ltd acquired 75,085 shares of Nextpower (NXT) in Q3, a $5.56 million stake that represents about 1.2% of Hel Ved’s portfolio and roughly 0.05% of Nextpower’s shares.
• Nextpower recently beat earnings and revenue estimates (EPS $1.10 vs. $0.93; revenue $909.35M vs. $812.43M), trades around $101.43 with a 12‑month range of $36.06–$131.59, and has a consensus analyst rating of Moderate Buy with a $108.32 target (some firms as high as $138).
• Insiders have been net sellers (78,617 shares sold, ~$7.59M in the last 90 days, including the CEO), while institutional ownership is high at about 67.4% and insiders hold ~0.56%.

Hel Ved Capital Management Ltd acquired a new stake in shares of Nextpower Inc. (NASDAQ:NXT - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 75,085 shares of the company's stock, valued at approximately $5,556,000. Nextpower comprises approximately 1.2% of Hel Ved Capital Management Ltd's portfolio, making the stock its 17th biggest holding. Hel Ved Capital Management Ltd owned about 0.05% of Nextpower at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Natural Investments LLC grew its holdings in Nextpower by 0.9% in the third quarter. Natural Investments LLC now owns 16,750 shares of the company's stock valued at $1,239,000 after purchasing an additional 155 shares during the period. Fifth Third Bancorp raised its stake in Nextpower by 15.9% during the third quarter. Fifth Third Bancorp now owns 1,264 shares of the company's stock worth $94,000 after purchasing an additional 173 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Nextpower by 8.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,585 shares of the company's stock valued at $191,000 after purchasing an additional 198 shares during the last quarter. State of Michigan Retirement System boosted its holdings in shares of Nextpower by 0.6% in the 2nd quarter. State of Michigan Retirement System now owns 34,600 shares of the company's stock valued at $1,881,000 after purchasing an additional 200 shares during the last quarter. Finally, Redwood Investment Management LLC grew its stake in shares of Nextpower by 4.1% during the 2nd quarter. Redwood Investment Management LLC now owns 5,177 shares of the company's stock valued at $281,000 after buying an additional 204 shares during the period. 67.41% of the stock is owned by institutional investors and hedge funds.

Nextpower Price Performance

Shares of NXT opened at $101.43 on Friday. Nextpower Inc. has a 12 month low of $36.06 and a 12 month high of $131.59. The stock's 50-day moving average is $106.30 and its two-hundred day moving average is $91.49. The stock has a market cap of $15.06 billion, a PE ratio of 25.94, a P/E/G ratio of 3.04 and a beta of 2.41.

Nextpower (NASDAQ:NXT - Get Free Report) last posted its earnings results on Tuesday, January 27th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.17. The business had revenue of $909.35 million during the quarter, compared to analyst estimates of $812.43 million. Nextpower had a return on equity of 32.01% and a net margin of 16.43%. On average, research analysts anticipate that Nextpower Inc. will post 3.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Needham & Company LLC increased their target price on Nextpower from $103.00 to $138.00 and gave the stock a "buy" rating in a research report on Thursday, January 29th. Northland Securities set a $111.00 price target on Nextpower in a research report on Tuesday, January 6th. Mizuho set a $81.00 price target on Nextpower in a research note on Friday, January 23rd. TD Cowen raised their price objective on Nextpower from $88.00 to $105.00 and gave the stock a "hold" rating in a report on Wednesday, January 28th. Finally, Wall Street Zen cut Nextpower from a "strong-buy" rating to a "buy" rating in a report on Sunday, January 25th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Nextpower currently has a consensus rating of "Moderate Buy" and a consensus target price of $108.32.

Insiders Place Their Bets

In other news, Director William D. Watkins sold 5,000 shares of the company's stock in a transaction on Friday, January 30th. The shares were sold at an average price of $118.57, for a total value of $592,850.00. Following the completion of the transaction, the director directly owned 11,777 shares in the company, valued at approximately $1,396,398.89. This represents a 29.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Daniel S. Shugar sold 39,892 shares of Nextpower stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $101.04, for a total transaction of $4,030,687.68. Following the sale, the chief executive officer directly owned 584,990 shares in the company, valued at $59,107,389.60. This trade represents a 6.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 78,617 shares of company stock worth $7,594,036 in the last 90 days. 0.56% of the stock is owned by company insiders.

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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