Nextpower (NASDAQ:NXT) Director Julia Blunden Sells 2,289 Shares of Stock

Nextpower Inc. (NASDAQ:NXT) Director Julia Blunden sold 2,289 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $97.22, for a total transaction of $222,536.58. Following the completion of the sale, the director owned 7,415 shares of the company’s stock, valued at $720,886.30. The trade was a 23.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Nextpower Stock Performance

Shares of NXT opened at $98.43 on Friday. The firm has a market capitalization of $14.79 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 2.00 and a beta of 1.95. The business’s fifty day moving average price is $114.55 and its two-hundred day moving average price is $116.38. Nextpower Inc. has a 52 week low of $52.61 and a 52 week high of $163.13.

Nextpower (NASDAQ:NXT) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.05 by $0.15. The company had revenue of $935.17 million during the quarter, compared to analysts’ expectations of $935.39 million. Nextpower had a net margin of 16.36% and a return on equity of 26.29%. As a group, research analysts forecast that Nextpower Inc. will post 3.73 EPS for the current year.

Institutional Trading of Nextpower

Hedge funds and other institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC raised its position in Nextpower by 107.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the company’s stock worth $26,000 after acquiring an additional 155 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Nextpower by 268.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 306 shares of the company’s stock valued at $28,000 after purchasing an additional 223 shares during the period. Signature Equity Partners LLC lifted its stake in Nextpower by 76.4% in the 1st quarter. Signature Equity Partners LLC now owns 261 shares of the company’s stock valued at $31,000 after purchasing an additional 113 shares during the last quarter. Huntington National Bank increased its position in Nextpower by 480.3% during the fourth quarter. Huntington National Bank now owns 383 shares of the company’s stock worth $33,000 after buying an additional 317 shares during the last quarter. Finally, Baillie Gifford & Co. raised its stake in Nextpower by 76.5% in the fourth quarter. Baillie Gifford & Co. now owns 420 shares of the company’s stock valued at $37,000 after buying an additional 182 shares during the period. Institutional investors and hedge funds own 67.41% of the company’s stock.

Analyst Upgrades and Downgrades

NXT has been the subject of a number of analyst reports. Truist Financial boosted their price objective on shares of Nextpower from $140.00 to $145.00 and gave the company a “buy” rating in a report on Friday, July 31st. Needham & Company LLC restated a “buy” rating and issued a $149.00 price objective on shares of Nextpower in a research report on Friday, May 29th. Weiss Ratings downgraded Nextpower from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, July 29th. UBS Group reiterated a “buy” rating and set a $160.00 target price on shares of Nextpower in a report on Monday. Finally, Roth Capital restated a “buy” rating and issued a $175.00 price target on shares of Nextpower in a report on Tuesday, July 28th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Nextpower has a consensus rating of “Moderate Buy” and an average target price of $146.12.

Key Headlines Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Analyst support remains strong. GLJ Research reaffirmed its “Buy” rating with a $149 price target, while Northland Securities maintained an “Outperform” rating and a $162 target. These targets imply substantial potential upside if Nextpower meets longer-term growth expectations. Benzinga report Citi rating report
• Neutral Sentiment: Citi’s view appears mixed but constructive. Recent coverage described Citigroup as issuing a pessimistic price forecast, while a separate report said Citi gave Nextpower a “Buy” rating. The combination suggests analysts see value in the shares but remain cautious about near-term performance. Citigroup forecast report
• Negative Sentiment: Northland trimmed several future EPS estimates. Reductions included Q1 2028 EPS to $1.01 from $1.06, Q2 2028 EPS to $1.15 from $1.20, Q4 2027 EPS to $0.91 from $1.01, Q4 2028 EPS to $1.07 from $1.09, and FY2028 EPS to $4.40 from $4.48. Although FY2027 EPS was estimated at $3.81, above the current-year consensus of $3.75, the broader revisions may have raised concerns about moderating earnings growth.
• Negative Sentiment: Director Julia Blunden sold 2,289 shares for approximately $222,537 at an average price of $97.22. The transaction reduced her ownership by 23.59%, which can weigh on sentiment even though insider sales may reflect personal financial considerations rather than a change in business outlook. SEC insider transaction filing

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.