Julia Blunden Sells 2,289 Shares of Nextpower (NASDAQ:NXT) Stock

Key Points

• Director Julia Blunden sold 2,289 Nextpower shares for approximately $222,537 at an average price of $97.22, reducing her holdings by 23.59% to 7,415 shares.
• Nextpower shares fell 1.4% to $98.43, while the company’s latest quarterly results exceeded expectations with EPS of $1.20 versus the $1.05 consensus; revenue was approximately $935.17 million.
• Analysts maintain a generally positive outlook, giving Nextpower a consensus “Moderate Buy” rating and an average price target of $146.12, well above the recent trading price.

Nextpower Inc. (NASDAQ:NXT - Get Free Report) Director Julia Blunden sold 2,289 shares of the business's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $97.22, for a total transaction of $222,536.58. Following the completion of the sale, the director owned 7,415 shares of the company's stock, valued at approximately $720,886.30. This represents a 23.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Nextpower Stock Down 1.4%

Shares of NASDAQ NXT traded down $1.38 during midday trading on Thursday, reaching $98.43. 3,309,336 shares of the company's stock traded hands, compared to its average volume of 2,495,296. The company has a market cap of $14.79 billion, a price-to-earnings ratio of 25.50, a P/E/G ratio of 1.96 and a beta of 1.95. The stock's 50 day simple moving average is $115.33 and its 200-day simple moving average is $116.37. Nextpower Inc. has a one year low of $52.61 and a one year high of $163.13.

Nextpower (NASDAQ:NXT - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.15. The company had revenue of $935.17 million during the quarter, compared to the consensus estimate of $935.39 million. Nextpower had a net margin of 16.36% and a return on equity of 26.29%. Equities analysts predict that Nextpower Inc. will post 3.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NXT. Loop Capital set a $135.00 price objective on Nextpower in a research note on Wednesday, May 13th. TD Cowen reduced their target price on shares of Nextpower from $135.00 to $118.00 and set a "hold" rating for the company in a report on Monday, July 20th. Barclays increased their price target on shares of Nextpower from $142.00 to $147.00 and gave the company an "overweight" rating in a research report on Tuesday, July 7th. Needham & Company LLC restated a "buy" rating and issued a $149.00 price target on shares of Nextpower in a report on Friday, May 29th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $168.00 price objective on shares of Nextpower in a research report on Wednesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Nextpower has a consensus rating of "Moderate Buy" and a consensus target price of $146.12.

More Nextpower News

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: GLJ Research reaffirmed its Buy rating and assigned a $149 price target, implying significant potential upside from recent trading levels. Benzinga coverage
• Positive Sentiment: Northland Securities maintained an Outperform rating and a $162 target. Its estimates call for $3.81 in fiscal 2027 EPS and $4.40 in fiscal 2028 EPS, both indicating continued earnings growth. Nextpower analyst coverage
• Positive Sentiment: Nextpower’s latest reported quarter exceeded analyst expectations on EPS, with $1.20 versus the $1.05 consensus, providing a supportive backdrop for the bullish ratings.
• Neutral Sentiment: Recent coverage involving Citigroup appears mixed: one report described a Buy recommendation, while another characterized Citi’s forecast as pessimistic. The conflicting headlines may add uncertainty for investors. Citi Buy coverage Citi forecast report
• Negative Sentiment: Northland reduced its estimates for Q4 2027 EPS to $0.91 from $1.01, Q1 2028 EPS to $1.01 from $1.06, Q2 2028 EPS to $1.15 from $1.20, Q4 2028 EPS to $1.07 from $1.09, and fiscal 2028 EPS to $4.40 from $4.48. These cuts likely weighed on sentiment despite the unchanged Outperform rating.

Institutional Investors Weigh In On Nextpower

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wedge Capital Management L L P NC boosted its holdings in Nextpower by 20.0% in the second quarter. Wedge Capital Management L L P NC now owns 600,671 shares of the company's stock worth $71,564,000 after acquiring an additional 100,186 shares in the last quarter. E. Ohman J or Asset Management AB raised its holdings in shares of Nextpower by 26.5% in the second quarter. E. Ohman J or Asset Management AB now owns 50,098 shares of the company's stock worth $5,969,000 after buying an additional 10,500 shares during the last quarter. Franklin Street Advisors Inc. NC acquired a new stake in shares of Nextpower during the second quarter worth $684,000. Polianta Ltd acquired a new stake in shares of Nextpower during the second quarter worth $1,763,000. Finally, MRA Advisory Group purchased a new stake in shares of Nextpower during the second quarter valued at $715,000. 67.41% of the stock is currently owned by hedge funds and other institutional investors.

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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