VIRGINIA RETIREMENT SYSTEMS ET Al Sells 10,650 Shares of Nextpower Inc. $NXT

VIRGINIA RETIREMENT SYSTEMS ET Al cut its position in Nextpower Inc. (NASDAQ:NXT) by 46.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 12,038 shares of the company’s stock after selling 10,650 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Nextpower were worth $1,049,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of NXT. William Blair Investment Management LLC purchased a new position in Nextpower in the third quarter worth about $108,739,000. Amundi raised its holdings in Nextpower by 156.1% in the third quarter. Amundi now owns 2,111,628 shares of the company’s stock worth $161,600,000 after buying an additional 1,287,071 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in Nextpower by 938.0% in the third quarter. Allianz Asset Management GmbH now owns 794,538 shares of the company’s stock worth $58,788,000 after buying an additional 717,991 shares during the last quarter. Electron Capital Partners LLC raised its holdings in Nextpower by 2,017.7% in the third quarter. Electron Capital Partners LLC now owns 566,415 shares of the company’s stock worth $41,909,000 after buying an additional 539,668 shares during the last quarter. Finally, Danske Bank A S purchased a new position in Nextpower in the third quarter worth about $33,298,000. 67.41% of the stock is owned by hedge funds and other institutional investors.

Nextpower News Summary

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower beat EPS estimates by 6.2%, reinforcing the view that demand and profitability are holding up better than expected. Analysts are now updating their forecasts and outlooks after the latest results. Nextpower Inc. Just Beat EPS By 6.2%: Here’s What Analysts Think Will Happen Next
• Positive Sentiment: Management’s Q4 earnings call highlighted strong yearly growth, while the company’s recent beat-and-raise results and backlog support the bullish case for continued expansion. Nextpower Inc (NXT) Q4 2026 Earnings Call Highlights: Strong Yearly Growth Amidst Short-Term …
• Positive Sentiment: Nextpower agreed to buy Zigor assets, expanding into storage and data centers, which could open new revenue streams and strengthen its long-term growth profile. Nextpower Buys Zigor Assets To Expand Into Storage And Data Centers
• Positive Sentiment: Several firms raised price targets or issued constructive forecasts, including Mizuho, TD Cowen, BMO Capital Markets, Susquehanna, and JPMorgan, which is helping fuel investor optimism. Nextpower (NASDAQ:NXT) Given New $135.00 Price Target at TD Cowen
• Neutral Sentiment: One market note says the stock may be getting ahead of fundamentals after a massive run since late 2024, suggesting the shares could be overvalued even though the long-term outlook remains positive. Nextpower: Mind The Hype As Its Apex Acquisition Locks It Into Data Center Growth
• Neutral Sentiment: Mizuho raised its price target but kept a neutral rating, implying some upside is already priced in at current levels. Mizuho price target change

Nextpower Stock Up 1.1%

NXT opened at $144.29 on Friday. The firm has a 50 day moving average price of $117.98 and a 200-day moving average price of $106.30. Nextpower Inc. has a twelve month low of $51.69 and a twelve month high of $156.78. The stock has a market capitalization of $21.42 billion, a price-to-earnings ratio of 37.67, a PEG ratio of 6.91 and a beta of 1.60.

Nextpower (NASDAQ:NXT) last released its quarterly earnings data on Tuesday, May 12th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.16. Nextpower had a net margin of 16.46% and a return on equity of 28.18%. The firm had revenue of $880.52 million during the quarter, compared to analysts’ expectations of $826.26 million. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. As a group, analysts expect that Nextpower Inc. will post 3.8 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on NXT shares. Barclays lifted their target price on shares of Nextpower from $115.00 to $123.00 and gave the stock an “overweight” rating in a report on Tuesday, April 7th. TD Cowen lifted their target price on shares of Nextpower from $105.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday. Needham & Company LLC lifted their target price on shares of Nextpower from $103.00 to $138.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Mizuho lifted their target price on shares of Nextpower from $112.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $145.00 target price on shares of Nextpower in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $135.71.

Insider Buying and Selling at Nextpower

In other news, CEO Daniel S. Shugar sold 59,456 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $105.17, for a total transaction of $6,252,987.52. Following the completion of the transaction, the chief executive officer directly owned 746,339 shares of the company’s stock, valued at $78,492,472.63. The trade was a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is owned by insiders.

Nextpower 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.