Analysts Set Nextpower Inc. (NASDAQ:NXT) PT at $95.76

Nextpower Inc. (NASDAQ:NXT) has been given a consensus rating of “Moderate Buy” by the twenty-seven research firms that are presently covering the stock, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $95.7619.

Several equities research analysts recently commented on the company. Cowen reaffirmed a “hold” rating on shares of Nextpower in a research report on Friday, October 24th. Barclays lifted their price target on shares of Nextpower from $92.00 to $105.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Robert W. Baird set a $100.00 price objective on shares of Nextpower in a research report on Friday, October 31st. BMO Capital Markets lifted their target price on shares of Nextpower from $89.00 to $93.00 and gave the stock a “market perform” rating in a research report on Friday, October 24th. Finally, Royal Bank Of Canada increased their price target on Nextpower from $93.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, November 13th.

Insider Buying and Selling

In other Nextpower news, CAO David P. Bennett sold 33,725 shares of Nextpower stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $88.08, for a total value of $2,970,498.00. Following the sale, the chief accounting officer owned 130,967 shares of the company’s stock, valued at $11,535,573.36. The trade was a 20.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William D. Watkins sold 10,000 shares of Nextpower stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $91.85, for a total transaction 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. The trade was a 37.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 96,685 shares of company stock valued at $8,638,254. Insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NXT. Vanguard Group Inc. raised its holdings in Nextpower by 2.0% in the third quarter. Vanguard Group Inc. now owns 14,167,845 shares of the company’s stock worth $1,048,279,000 after purchasing an additional 283,981 shares in the last quarter. Primecap Management Co. CA raised its stake in shares of Nextpower by 1.1% during the 2nd quarter. Primecap Management Co. CA now owns 7,675,821 shares of the company’s stock worth $417,334,000 after acquiring an additional 83,227 shares in the last quarter. State Street Corp lifted its position in Nextpower by 0.6% during the third quarter. State Street Corp now owns 5,391,696 shares of the company’s stock valued at $398,932,000 after acquiring an additional 31,689 shares during the last quarter. Encompass Capital Advisors LLC boosted its stake in Nextpower by 11.0% in the second quarter. Encompass Capital Advisors LLC now owns 2,919,777 shares of the company’s stock valued at $158,748,000 after acquiring an additional 289,663 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Nextpower by 9.9% in the third quarter. Invesco Ltd. now owns 2,725,449 shares of the company’s stock worth $201,656,000 after purchasing an additional 245,412 shares during the last quarter. Hedge funds and other institutional investors own 67.41% of the company’s stock.

Nextpower Stock Up 0.1%

Shares of NXT stock opened at $91.24 on Thursday. The business has a 50-day moving average price of $92.92 and a two-hundred day moving average price of $75.50. Nextpower has a 12-month low of $36.06 and a 12-month high of $112.74. The firm has a market cap of $13.54 billion, a P/E ratio of 23.70, a price-to-earnings-growth ratio of 3.16 and a beta of 2.35.

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

About Nextpower

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.