Nextpower (NASDAQ:NXT) CEO Sells $4,357,981.04 in Stock

Nextpower Inc. (NASDAQ:NXT) CEO Daniel Shugar sold 47,743 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $91.28, for a total transaction of $4,357,981.04. Following the completion of the sale, the chief executive officer directly owned 624,882 shares in the company, valued at approximately $57,039,228.96. The trade was a 7.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Nextpower Price Performance

NASDAQ:NXT traded up $1.15 during trading hours on Tuesday, hitting $90.55. The stock had a trading volume of 2,279,824 shares, compared to its average volume of 2,883,866. The company has a 50 day simple moving average of $85.68 and a two-hundred day simple moving average of $68.81. The firm has a market capitalization of $13.44 billion, a price-to-earnings ratio of 22.35, a P/E/G ratio of 3.10 and a beta of 2.31. Nextpower Inc. has a one year low of $33.29 and a one year high of $112.74.

Nextpower (NASDAQ:NXT) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.21. The company had revenue of $905.27 million for the quarter, compared to the consensus estimate of $839.53 million. Nextpower had a return on equity of 35.05% and a net margin of 17.08%. Nextpower has set its FY 2026 guidance at 4.040-4.250 EPS. Equities research analysts anticipate that Nextpower Inc. will post 3.29 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NXT shares. Cowen reiterated a “hold” rating on shares of Nextpower in a research report on Friday, October 24th. Deutsche Bank Aktiengesellschaft set a $99.00 target price on shares of Nextpower and gave the stock a “buy” rating in a research report on Friday, October 24th. Robert W. Baird set a $100.00 price target on Nextpower in a research note on Friday, October 31st. Roth Capital reiterated a “buy” rating and issued a $120.00 price objective on shares of Nextpower in a report on Thursday, November 13th. Finally, The Goldman Sachs Group raised their price objective on Nextpower from $89.00 to $125.00 and gave the company a “buy” rating in a report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.76.

Hedge Funds Weigh In On Nextpower

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Nextpower by 703.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 659 shares of the company’s stock valued at $28,000 after purchasing an additional 577 shares during the period. Cullen Frost Bankers Inc. raised its holdings in Nextpower by 122.3% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 589 shares of the company’s stock valued at $32,000 after buying an additional 324 shares during the last quarter. Foster Dykema Cabot & Partners LLC purchased a new stake in Nextpower during the 3rd quarter valued at $36,000. Summit Securities Group LLC grew its holdings in Nextpower by 796.0% in the 1st quarter. Summit Securities Group LLC now owns 905 shares of the company’s stock worth $38,000 after acquiring an additional 804 shares during the last quarter. Finally, BOKF NA increased its position in shares of Nextpower by 1,135.7% in the third quarter. BOKF NA now owns 519 shares of the company’s stock valued at $38,000 after acquiring an additional 477 shares during the period. 67.41% of the stock is currently owned by institutional investors.

Nextpower Company Profile

Nextpower, formerly known as Nextracker, an energy solutions company, provides solar trackers and software solutions for utility-scale and distributed generation solar projects in the United States and internationally. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain.