Insider Selling: Nextpower (NASDAQ:NXT) CFO Sells 4,500 Shares of Stock

Key Points

• Nextpower CFO Charles Boynton sold 4,500 shares on June 1 at an average price of $151.79, totaling about $683,055. The sale was made under a pre-arranged Rule 10b5-1 trading plan and reduced his ownership by 1.24%.
• The stock rose about 5% to $152.22 in Tuesday trading, near its 52-week high of $163.13. Nextpower also remains well above its 50-day and 200-day moving averages.
• Recent fundamentals and analyst sentiment remain supportive, with Nextpower beating quarterly EPS and revenue estimates and multiple analysts maintaining bullish ratings and higher price targets, including UBS at $170 and BNP Paribas Exane at $182.

Nextpower Inc. (NASDAQ:NXT - Get Free Report) CFO Charles Boynton sold 4,500 shares of the firm's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $151.79, for a total value of $683,055.00. Following the transaction, the chief financial officer directly owned 358,500 shares in the company, valued at $54,416,715. This trade represents a 1.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nextpower Trading Up 5.0%

NXT stock traded up $7.20 during trading on Tuesday, hitting $152.22. The company had a trading volume of 1,547,136 shares, compared to its average volume of 2,091,524. The business has a 50 day moving average of $122.42 and a 200 day moving average of $108.73. The firm has a market capitalization of $22.60 billion, a price-to-earnings ratio of 39.74, a P/E/G ratio of 4.05 and a beta of 1.60. Nextpower Inc. has a fifty-two week low of $51.69 and a fifty-two week high of $163.13.

Nextpower (NASDAQ:NXT - Get Free Report) last released its earnings results on Tuesday, May 12th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.89 by $0.16. The firm had revenue of $880.52 million for the quarter, compared to analysts' expectations of $826.26 million. Nextpower had a net margin of 16.46% and a return on equity of 28.18%. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. As a group, equities analysts predict that Nextpower Inc. will post 3.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. UBS Group restated a "buy" rating and issued a $170.00 target price on shares of Nextpower in a research report on Friday. BNP Paribas Exane boosted their price objective on Nextpower from $177.00 to $182.00 and gave the stock an "outperform" rating in a research note on Friday. Wall Street Zen downgraded Nextpower from a "buy" rating to a "hold" rating in a research note on Monday, April 27th. Barclays boosted their price objective on Nextpower from $123.00 to $142.00 and gave the stock an "overweight" rating in a research note on Monday, May 18th. Finally, Glj Research reissued a "buy" rating and issued a $147.33 price objective on shares of Nextpower in a research note on Monday, March 16th. Twenty equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $147.18.

Key Headlines Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Northland Securities raised multiple forward earnings estimates for Nextpower, including higher Q1, Q2, Q3, and Q4 2028 EPS forecasts, while reaffirming an Outperform rating and a $162 price target. Higher profit expectations typically support the stock.
• Positive Sentiment: Nextpower recently reported better-than-expected quarterly results, with EPS and revenue both topping analyst estimates, which continues to reinforce confidence in the company’s growth outlook.
• Positive Sentiment: The company also launched a patent infringement lawsuit against GameChange Solar over three patents tied to its tracker technology and TrueCapture system, which may be viewed as a defense of intellectual property and a potential support for long-term competitive positioning. Nextpower Files Patent Lawsuit Against GameChange Solar
• Neutral Sentiment: Insider activity was mixed but included a pre-arranged sale by COO Nicholas Marco Miller of 22,427 shares. Because it was conducted under a Rule 10b5-1 plan, it is less likely to be interpreted as a strong negative signal, though it can still weigh on sentiment.
• Neutral Sentiment: News that Nextpower is expanding its exposure to data centers via a new acquisition may be strategically important, but the immediate financial impact is still unclear. NXT stock alert: Solar company Nextpower is taking on data centers with new acquisition

Institutional Trading of Nextpower

A number of hedge funds and other institutional investors have recently modified their holdings of NXT. Smartleaf Asset Management LLC raised its stake in shares of Nextpower by 107.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 299 shares of the company's stock worth $26,000 after buying an additional 155 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Nextpower by 268.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 306 shares of the company's stock worth $28,000 after purchasing an additional 223 shares during the period. Signature Equity Partners LLC raised its position in shares of 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 purchasing an additional 113 shares during the period. Huntington National Bank raised its position in shares of Nextpower by 480.3% during the fourth quarter. Huntington National Bank now owns 383 shares of the company's stock worth $33,000 after purchasing an additional 317 shares during the period. Finally, Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Nextpower during the third quarter worth $36,000. Institutional investors own 67.41% of the company's stock.

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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