Nextpower (NASDAQ:NXT) Price Target Raised to $149.00

Key Points

• Royal Bank of Canada raised its price target on Nextpower to $149 from $146 and kept an outperform rating. The new target still implies a slight downside from the current share price.
• Nextpower shares jumped 10.5% to $151.54 on Friday, trading above the newly raised target as well as several other recent analyst targets. The stock has also seen broad analyst support, with 20 Buy ratings and a consensus target of $146.18.
• The company recently reported strong quarterly results, posting $1.05 EPS versus $0.89 expected and revenue of $880.52 million versus $826.26 million anticipated. Nextpower also boosted its FY 2027 guidance, while insiders and institutions have remained active in the stock.

Nextpower (NASDAQ:NXT - Get Free Report) had its price objective increased by Royal Bank Of Canada from $146.00 to $149.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's price target indicates a potential downside of 1.68% from the company's current price.

Several other research firms have also recently commented on NXT. Jefferies Financial Group set a $159.00 price target on Nextpower in a report on Friday. UBS Group reissued a "buy" rating and issued a $170.00 target price on shares of Nextpower in a report on Friday. Robert W. Baird increased their target price on Nextpower from $133.00 to $156.00 and gave the stock an "outperform" rating in a report on Wednesday, May 13th. Loop Capital set a $135.00 target price on Nextpower in a report on Wednesday, May 13th. Finally, Roth Mkm reissued a "buy" rating and issued a $155.00 target price on shares of Nextpower in a report on Wednesday, May 13th. Twenty 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 $146.18.

Nextpower Stock Up 10.5%

Nextpower stock traded up $14.37 during trading hours on Friday, hitting $151.54. The stock had a trading volume of 2,167,405 shares, compared to its average volume of 2,069,101. The company has a 50-day moving average of $121.07 and a two-hundred day moving average of $108.11. The company has a market cap of $22.50 billion, a PE ratio of 39.54, a price-to-earnings-growth ratio of 3.34 and a beta of 1.60. Nextpower 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 posted its quarterly 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 during the quarter, compared to analysts' expectations of $826.26 million. Nextpower had a return on equity of 28.18% and a net margin of 16.46%.Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. As a group, analysts forecast that Nextpower will post 3.76 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Nicholas Marco Miller sold 24,511 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $127.32, for a total transaction of $3,120,740.52. Following the sale, the chief operating officer directly owned 221,533 shares in the company, valued at $28,205,581.56. This represents a 9.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bruce Ledesma sold 3,248 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $134.72, for a total value of $437,570.56. Following the sale, the insider owned 246,130 shares in the company, valued at approximately $33,158,633.60. This trade represents a 1.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders have sold 240,995 shares of company stock valued at $28,661,778 in the last 90 days. Insiders own 0.56% of the company's stock.

Institutional Investors Weigh In On Nextpower

Large investors have recently bought and sold shares of the business. Jupiter Asset Management Ltd. boosted its stake in shares of Nextpower by 0.3% in the fourth quarter. Jupiter Asset Management Ltd. now owns 26,706 shares of the company's stock valued at $2,326,000 after buying an additional 86 shares during the period. Root Financial Partners LLC boosted its stake in shares of 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 buying an additional 103 shares during the period. Signature Equity Partners LLC boosted its stake in shares of Nextpower by 76.4% in the first quarter. Signature Equity Partners LLC now owns 261 shares of the company's stock valued at $31,000 after buying an additional 113 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Nextpower by 2.0% in the first quarter. Janney Montgomery Scott LLC now owns 5,963 shares of the company's stock valued at $719,000 after buying an additional 119 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of Nextpower by 4.1% in the fourth quarter. Signaturefd LLC now owns 3,216 shares of the company's stock valued at $280,000 after buying an additional 126 shares during the period. 67.41% of the stock is currently owned by institutional investors.

More Nextpower News

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower announced a definitive agreement to acquire Prevalon Energy, expanding into battery energy storage and AI data center markets and raising its fiscal 2027 outlook. Article Title
• Positive Sentiment: Wells Fargo raised its price target on Nextpower to $151 and kept an overweight rating, signaling continued optimism despite the stock trading above that target. Article Title
• Positive Sentiment: Needham reaffirmed a buy rating on Nextpower, reinforcing the view that recent gains are supported by analyst confidence. Article Title
• Positive Sentiment: Recent bullish coverage and attention from investors suggest the stock is benefiting from momentum around its solar, storage, and AI-related growth story. Article Title

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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