Nextpower Inc. (NASDAQ:NXT) Given Consensus Rating of "Moderate Buy" by Brokerages

Nextpower Inc. (NASDAQ:NXT - Get Free Report) has received an average rating of "Moderate Buy" from the twenty-seven analysts that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, twenty-two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $146.12.

A number of analysts have issued reports on the company. Susquehanna lowered their target price on Nextpower from $168.00 to $157.00 and set a "positive" rating on the stock in a report on Friday, July 31st. Barclays upped their price target on Nextpower from $142.00 to $147.00 and gave the stock an "overweight" rating in a report on Tuesday, July 7th. Mizuho reduced their price objective on Nextpower from $142.00 to $111.00 and set a "neutral" rating for the company in a research report on Tuesday. Citigroup dropped their target price on shares of Nextpower from $145.00 to $132.00 and set a "buy" rating on the stock in a research report on Monday. Finally, Zacks Research upgraded shares of Nextpower from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 13th.

Insider Activity at Nextpower

In other news, COO Nicholas Marco Miller sold 24,511 shares of the business's stock in a transaction dated 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 transaction, the chief operating officer owned 221,533 shares in the company, valued at approximately $28,205,581.56. The trade was a 9.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Charles D. Boynton sold 4,500 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $151.79, for a total transaction of $683,055.00. Following the completion of the sale, the chief financial officer owned 358,500 shares of the company's stock, valued at approximately $54,416,715. The trade was a 1.24% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 170,863 shares of company stock worth $22,782,306. Insiders own 0.84% of the company's stock.

Institutional Trading of Nextpower

A number of hedge funds have recently modified their holdings of the company. Jupiter Asset Management Ltd. increased its holdings in Nextpower by 0.3% during the fourth quarter. Jupiter Asset Management Ltd. now owns 26,706 shares of the company's stock worth $2,326,000 after buying an additional 86 shares during the last quarter. Root Financial Partners LLC lifted its stake in Nextpower by 30.0% in the first quarter. Root Financial Partners LLC now owns 446 shares of the company's stock valued at $54,000 after acquiring an additional 103 shares during the last quarter. Signature Equity Partners LLC grew its position in shares of Nextpower by 76.4% in the 1st quarter. Signature Equity Partners LLC now owns 261 shares of the company's stock valued at $31,000 after acquiring an additional 113 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Nextpower by 2.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 5,963 shares of the company's stock valued at $719,000 after acquiring an additional 119 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Nextpower by 4.1% during the 4th quarter. Signaturefd LLC now owns 3,216 shares of the company's stock worth $280,000 after purchasing an additional 126 shares during the last quarter. Institutional investors own 67.41% of the company's stock.

Nextpower Trading Down 1.4%

NASDAQ:NXT opened at $98.43 on Friday. The firm has a market capitalization of $14.79 billion, a PE ratio of 25.50, a PEG ratio of 2.00 and a beta of 1.95. Nextpower has a 1 year low of $52.61 and a 1 year high of $163.13. The firm's fifty day simple moving average is $114.55 and its 200 day simple moving average is $116.38.

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

Key Nextpower News

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Analyst support remains strong. GLJ Research reaffirmed its “Buy” rating with a $149 price target, while Northland Securities maintained an “Outperform” rating and a $162 target. These targets imply substantial potential upside if Nextpower meets longer-term growth expectations. Benzinga report Citi rating report
• Neutral Sentiment: Citi’s view appears mixed but constructive. Recent coverage described Citigroup as issuing a pessimistic price forecast, while a separate report said Citi gave Nextpower a “Buy” rating. The combination suggests analysts see value in the shares but remain cautious about near-term performance. Citigroup forecast report
• Negative Sentiment: Northland trimmed several future EPS estimates. Reductions included Q1 2028 EPS to $1.01 from $1.06, Q2 2028 EPS to $1.15 from $1.20, Q4 2027 EPS to $0.91 from $1.01, Q4 2028 EPS to $1.07 from $1.09, and FY2028 EPS to $4.40 from $4.48. Although FY2027 EPS was estimated at $3.81, above the current-year consensus of $3.75, the broader revisions may have raised concerns about moderating earnings growth.
• Negative Sentiment: Director Julia Blunden sold 2,289 shares for approximately $222,537 at an average price of $97.22. The transaction reduced her ownership by 23.59%, which can weigh on sentiment even though insider sales may reflect personal financial considerations rather than a change in business outlook. SEC insider transaction filing

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.

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.

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