Polianta Ltd Takes $1.76 Million Position in Nextpower Inc. $NXT

Key Points

• Polianta Ltd acquired 14,800 Nextpower shares during the second quarter, valued at approximately $1.76 million. Institutional investors and hedge funds collectively own 67.41% of the company.
• Nextpower reported quarterly EPS of $1.20, exceeding the $1.05 consensus estimate, while revenue of $935.17 million was essentially in line with expectations. The company posted a 16.36% net margin and 26.29% return on equity.
• Analyst sentiment remains favorable, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $146.12, well above its reported $103.26 price. However, insiders sold 170,863 shares worth $22.8 million over the past 90 days.

Polianta Ltd acquired a new position in Nextpower Inc. (NASDAQ:NXT - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,800 shares of the company's stock, valued at approximately $1,763,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Nextpower in the fourth quarter valued at approximately $170,918,000. Amundi grew its stake in shares of Nextpower by 156.1% in the third quarter. Amundi now owns 2,111,628 shares of the company's stock valued at $161,600,000 after buying an additional 1,287,071 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Nextpower by 134.3% in the first quarter. Janus Henderson Group PLC now owns 1,362,466 shares of the company's stock valued at $164,488,000 after buying an additional 780,958 shares in the last quarter. Electron Capital Partners LLC raised its holdings in shares of Nextpower by 2,017.7% in the 3rd quarter. Electron Capital Partners LLC now owns 566,415 shares of the company's stock valued at $41,909,000 after buying an additional 539,668 shares during the period. Finally, Lord Abbett & CO. LLC raised its holdings in shares of Nextpower by 142.3% in the 4th quarter. Lord Abbett & CO. LLC now owns 848,110 shares of the company's stock valued at $73,879,000 after buying an additional 498,110 shares during the period. Institutional investors and hedge funds own 67.41% of the company's stock.

Nextpower Price Performance

NXT opened at $103.26 on Friday. The business has a fifty day moving average price of $113.49 and a 200 day moving average price of $116.29. Nextpower Inc. has a 12 month low of $52.61 and a 12 month high of $163.13. The stock has a market capitalization of $15.52 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 2.07 and a beta of 1.95.

Nextpower (NASDAQ:NXT - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.15. The company had revenue of $935.17 million for the quarter, compared to analyst estimates of $935.39 million. Nextpower had a return on equity of 26.29% and a net margin of 16.36%. On average, research analysts anticipate that Nextpower Inc. will post 3.73 earnings per share for the current year.

Insider Buying and Selling

In other Nextpower news, President Howard Wenger sold 62,670 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $130.25, for a total transaction of $8,162,767.50. Following the completion of the transaction, 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 at 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, COO Nicholas Marco Miller sold 24,511 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $127.32, for a total transaction of $3,120,740.52. Following the completion of the sale, the chief operating officer directly owned 221,533 shares in the company, valued at approximately $28,205,581.56. This represents a 9.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 170,863 shares of company stock valued at $22,782,306 over the last ninety days. 0.84% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. BMO Capital Markets upgraded Nextpower from a "hold" rating to an "outperform" rating and set a $132.00 target price for the company in a report on Friday, July 31st. Northland Securities increased their price target on shares of Nextpower from $148.00 to $162.00 and gave the stock an "outperform" rating in a research report on Friday, May 29th. Royal Bank Of Canada lowered their price objective on shares of Nextpower from $149.00 to $147.00 and set an "outperform" rating for the company in a research note on Friday, July 31st. BNP Paribas Exane lifted their price objective on shares of Nextpower from $177.00 to $182.00 and gave the company an "outperform" rating in a report on Friday, May 29th. Finally, Loop Capital set a $135.00 target price on shares of Nextpower in a research note on Wednesday, May 13th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Nextpower presently has an average rating of "Moderate Buy" and a consensus target price of $146.12.

Key Nextpower News

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Analyst support remains favorable. GLJ Research reaffirmed its “Buy” rating, while Northland Securities maintained an “Outperform” rating and a $162 price target. These targets suggest analysts see meaningful long-term upside if Nextpower executes on its growth plans. GLJ Research rating report
• Positive Sentiment: Recent operating results provided a supportive backdrop. Nextpower’s latest quarterly EPS of $1.20 exceeded the $1.05 consensus estimate, although revenue of $935.17 million was essentially in line with expectations. The company reported a 16.36% net margin and 26.29% return on equity.
• Neutral Sentiment: Northland’s forecast changes were mixed. The firm raised its Q3 2028 EPS estimate to $1.15 from $1.13 and projected FY2027 EPS of $3.81, above the current-year consensus of approximately $3.73–$3.75. However, it reduced estimates for Q1 2028, Q2 2028, Q4 2027, Q4 2028 and FY2028, with the FY2028 forecast falling to $4.40 from $4.48. The revisions may temper enthusiasm about the pace of longer-term earnings growth.
• Negative Sentiment: A director disclosed a sizable insider sale. Julia Blunden sold 2,289 shares for approximately $222,537 at an average price of $97.22, reducing her direct ownership by 23.59% to 7,415 shares. The transaction can weigh on sentiment, although insider sales may reflect personal financial needs rather than a negative view of the business. Nextpower insider sale report

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source