Lombard Odier Asset Management Europe Ltd Has $15.36 Million Stock Position in Nextpower Inc. $NXT

Lombard Odier Asset Management Europe Ltd raised its position in Nextpower Inc. (NASDAQ:NXT) by 63.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 127,421 shares of the company’s stock after buying an additional 49,505 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Nextpower were worth $15,361,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Nextpower by 19.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 437,490 shares of the company’s stock worth $18,436,000 after acquiring an additional 71,842 shares in the last quarter. M&T Bank Corp acquired a new stake in Nextpower during the 2nd quarter valued at $223,000. EverSource Wealth Advisors LLC raised its position in Nextpower by 179.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company’s stock valued at $61,000 after purchasing an additional 724 shares during the last quarter. Cerity Partners LLC raised its position in Nextpower by 154.0% in the 2nd quarter. Cerity Partners LLC now owns 18,539 shares of the company’s stock valued at $1,008,000 after purchasing an additional 11,239 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in Nextpower by 36.5% in the second quarter. California Public Employees Retirement System now owns 222,960 shares of the company’s stock worth $12,122,000 after purchasing an additional 59,573 shares in the last quarter. 67.41% of the stock is owned by institutional investors.

Nextpower Trading Down 4.3%

Shares of NASDAQ NXT opened at $100.03 on Friday. Nextpower Inc. has a 1 year low of $52.61 and a 1 year high of $163.13. The firm’s 50-day moving average is $120.70 and its 200-day moving average is $116.08. The firm has a market capitalization of $15.03 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 2.00 and a beta of 1.86.

Nextpower (NASDAQ:NXT) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.16. Nextpower had a net margin of 16.46% and a return on equity of 28.18%. The business had revenue of $880.52 million during the quarter, compared to the consensus estimate of $826.26 million. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. As a group, equities research analysts anticipate that Nextpower Inc. will post 3.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NXT. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $140.00 price target on shares of Nextpower in a report on Thursday, May 14th. Wall Street Zen cut shares of Nextpower from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Susquehanna dropped their target price on shares of Nextpower from $180.00 to $168.00 and set a “positive” rating for the company in a research note on Friday, July 10th. Citigroup upped their target price on shares of Nextpower from $114.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, BMO Capital Markets increased their price target on shares of Nextpower from $113.00 to $125.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Nextpower currently has a consensus rating of “Moderate Buy” and an average price target of $150.62.

Insider Activity at Nextpower

In other news, President Howard Wenger sold 62,670 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $130.25, for a total value of $8,162,767.50. Following the transaction, the president owned 426,467 shares of the company’s stock, valued at $55,547,326.75. This represents a 12.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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. Also, insider Bruce Ledesma sold 3,248 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $134.72, for a total value of $437,570.56. Following the completion of the transaction, the insider directly owned 246,130 shares in the company, valued at $33,158,633.60. The trade was a 1.30% decrease in their position. 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. In the last ninety days, insiders have sold 168,574 shares of company stock worth $22,559,770. 0.84% of the stock is owned by company insiders.

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.