Nextpower (NASDAQ:NXT) Price Target Raised to $138.00 at Needham & Company LLC

Nextpower (NASDAQ:NXT) had its price target lifted by stock analysts at Needham & Company LLC from $103.00 to $138.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price objective would suggest a potential upside of 15.03% from the stock’s current price.

A number of other brokerages have also recently issued reports on NXT. Wells Fargo & Company upped their price objective on Nextpower from $109.00 to $127.00 and gave the stock an “overweight” rating in a research note on Wednesday. Robert W. Baird set a $126.00 price target on shares of Nextpower in a research note on Wednesday. BMO Capital Markets restated a “market perform” rating and set a $104.00 price objective on shares of Nextpower in a research note on Wednesday. Guggenheim set a $74.00 target price on shares of Nextpower in a report on Wednesday, October 22nd. Finally, Mizuho set a $81.00 price target on Nextpower in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Nextpower presently has a consensus rating of “Moderate Buy” and an average target price of $107.41.

Nextpower Stock Up 13.3%

Shares of NXT opened at $119.97 on Thursday. The stock has a market capitalization of $17.80 billion, a P/E ratio of 31.16, a P/E/G ratio of 3.32 and a beta of 2.38. Nextpower has a twelve month low of $36.06 and a twelve month high of $131.59. The company has a 50 day moving average of $92.54 and a 200-day moving average of $81.32.

Nextpower (NASDAQ:NXT) last announced its earnings results on Tuesday, January 27th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.93 by $0.17. Nextpower had a net margin of 16.43% and a return on equity of 33.53%. The business had revenue of $909.35 million during the quarter, compared to analysts’ expectations of $812.43 million. On average, sell-side analysts anticipate that Nextpower will post 3.29 earnings per share for the current fiscal year.

Insider Transactions at Nextpower

In other news, CEO Daniel S. Shugar sold 47,743 shares of Nextpower stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $91.28, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William D. Watkins sold 10,000 shares of Nextpower stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $91.85, for a total value of $918,500.00. Following the completion of the transaction, the director directly owned 16,777 shares of the company’s stock, valued at $1,540,967.45. This represents a 37.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 91,468 shares of company stock valued at $8,246,979. 0.56% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Nextpower

Several institutional investors and hedge funds have recently bought and sold shares of NXT. Norges Bank acquired a new position in shares of Nextpower in the 2nd quarter valued at approximately $140,772,000. William Blair Investment Management LLC acquired a new position in Nextpower during the third quarter valued at approximately $108,739,000. Amundi lifted its stake in Nextpower by 156.1% during the third quarter. Amundi now owns 2,111,628 shares of the company’s stock worth $161,600,000 after purchasing an additional 1,287,071 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Nextpower by 938.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 794,538 shares of the company’s stock valued at $58,788,000 after purchasing an additional 717,991 shares in the last quarter. Finally, Electron Capital Partners LLC increased its stake in shares of Nextpower by 2,017.7% in the 3rd quarter. Electron Capital Partners LLC now owns 566,415 shares of the company’s stock valued at $41,909,000 after purchasing an additional 539,668 shares during the last quarter. Institutional investors own 67.41% of the company’s stock.

Nextpower News Summary

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Q3 (reported Jan. 27) beat — Nextpower posted EPS $1.10 vs. $0.93 expected and revenue $909.35M vs. $812.43M, with healthy margins and ROE, driving confidence in the business outlook. Nextpower (NASDAQ:NXT) Surprises With Strong Q4 CY2025, Stock Soars
• Positive Sentiment: Management raised FY2026 guidance to ~$3.5B revenue and $4.36 EPS and announced a $500M buyback — a clear catalyst for multiple expansion and EPS accretion. Nextpower raises FY2026 outlook to $3.5B revenue and $4.36 EPS with $500M buyback
• Positive Sentiment: Commercial win — Nextpower Arabia (JV) will supply 2.25 GW of smart solar trackers to L&T for the ACWA Power Bisha project, supporting revenue visibility in EMEA and JV growth narrative. Nextpower Arabia to Supply 2.25 GW of Smart Solar Trackers to L&T
• Positive Sentiment: Analyst upgrades — KeyBanc upgraded to Buy with a $142 target and several shops raised ratings/targets after the beat-and-raise, fueling momentum and sentiment. Nextpower Inc.: Strong Fundamentals… Support Buy Rating
• Neutral Sentiment: Earnings call transcript and coverage — Full transcript and multiple write-ups are available for investors who want details on guidance drivers and margin outlook (useful but not immediate catalysts). Nextpower Inc. Q3 2026 Earnings Call Transcript
• Neutral Sentiment: Media note — Coverage in market headlines and premarket write-ups (e.g., Barron’s mentions) amplifies visibility but doesn’t change fundamentals on its own. S&P 500 Futures Climb in Premarket Trading; Nextpower… Lead
• Negative Sentiment: Some analyst caution — TD Cowen raised its target to $105 (hold), which sits below current market levels and signals disagreement on near-term upside. Nextpower price target raised by TD Cowen
• Negative Sentiment: Valuation and volatility — The stock already trades at a rich P/E and carries a high beta, raising risk that sentiment-driven upside could reverse if execution or margins disappoint. Valuation note

Nextpower Company Profile

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.