Flputnam Investment Management Co. Invests $615,000 in Nextpower Inc. $NXT

Flputnam Investment Management Co. purchased a new position in Nextpower Inc. (NASDAQ:NXT) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 7,065 shares of the company’s stock, valued at approximately $615,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Signaturefd LLC boosted its position in shares of Nextpower by 4.1% in the 4th quarter. Signaturefd LLC now owns 3,216 shares of the company’s stock worth $280,000 after purchasing an additional 126 shares during the last quarter. Allworth Financial LP boosted its position in shares of Nextpower by 16.8% in the 3rd quarter. Allworth Financial LP now owns 979 shares of the company’s stock worth $72,000 after purchasing an additional 141 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Nextpower by 12.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,314 shares of the company’s stock worth $114,000 after purchasing an additional 143 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Nextpower by 3.2% in the 4th quarter. IFP Advisors Inc now owns 5,097 shares of the company’s stock worth $444,000 after purchasing an additional 159 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Nextpower by 15.9% in the 3rd quarter. Fifth Third Bancorp now owns 1,264 shares of the company’s stock worth $94,000 after purchasing an additional 173 shares during the last quarter. 67.41% of the stock is currently owned by institutional investors.

Key Stories Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower announced a definitive agreement to acquire Prevalon Energy, a move that opens a new battery energy storage and AI data center infrastructure growth channel and could broaden its total addressable market. Article: Nextpower Announces Entry into Battery Energy Storage (BESS) and AI Data Center Markets…
• Positive Sentiment: The company also raised its fiscal 2027 outlook, reinforcing confidence that the acquisition and related market expansion could accelerate future revenue and EBITDA growth. Article: A Green Energy Revival Is Under Way. Nextpower Is Leading the Charge.
• Positive Sentiment: Several analysts turned more constructive, with multiple firms raising price targets and reiterating overweight/buy ratings, including JPMorgan, KeyCorp, BNP Paribas Exane, and Wells Fargo. Article: Analyst price target updates on Nextpower
• Neutral Sentiment: Insider sales by executives were disclosed, but they were described as pre-arranged 10b5-1 transactions and tax-withholding sales tied to equity vesting, which makes them less likely to be read as a negative operating signal. Article: Daniel Shugar Sells 26,077 Shares of Nextpower (NASDAQ:NXT) Stock

Insider Transactions at Nextpower

In other Nextpower news, President Howard Wenger sold 62,670 shares of Nextpower stock in a transaction dated 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 sale, the president owned 426,467 shares of the company’s stock, valued at $55,547,326.75. This trade represents a 12.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 Nextpower 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 sale, the insider directly owned 246,130 shares in the company, valued at $33,158,633.60. This represents a 1.30% decrease in their position. The SEC filing for this sale provides additional information. 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. Over the last quarter, insiders sold 240,995 shares of company stock worth $28,661,778. Company insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NXT. Robert W. Baird raised their price target on Nextpower from $133.00 to $156.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. KeyCorp raised their price target on Nextpower from $152.00 to $164.00 and gave the stock an “overweight” rating in a research report on Friday. Weiss Ratings upgraded Nextpower from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 20th. Wolfe Research reaffirmed an “outperform” rating and set a $160.00 price objective on shares of Nextpower in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $140.00 price objective on shares of Nextpower in a research note on Thursday, May 14th. Twenty equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $146.39.

Nextpower Trading Up 14.0%

Shares of Nextpower stock opened at $156.40 on Friday. The company has a market capitalization of $23.22 billion, a PE ratio of 40.84, a PEG ratio of 3.42 and a beta of 1.60. Nextpower Inc. has a 12 month low of $51.69 and a 12 month high of $163.13. The stock’s fifty day simple moving average is $121.89 and its 200 day simple moving average is $108.44.

Nextpower (NASDAQ:NXT) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.89 by $0.16. The business had revenue of $880.52 million for the quarter, compared to the consensus estimate of $826.26 million. Nextpower had a return on equity of 28.18% and a net margin of 16.46%.Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. Analysts predict that Nextpower Inc. will post 3.71 EPS for the current fiscal year.

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.