Q1 EPS Estimates for Nextpower Cut by Northland Securities

Nextpower Inc. (NASDAQ:NXT) – Analysts at Northland Securities cut their Q1 2027 earnings estimates for shares of Nextpower in a research report issued on Friday, May 29th. Northland Securities analyst G. Richard now anticipates that the company will post earnings per share of $0.70 for the quarter, down from their prior estimate of $0.78. Northland Securities has a “Outperform” rating and a $162.00 price target on the stock. The consensus estimate for Nextpower’s current full-year earnings is $3.58 per share. Northland Securities also issued estimates for Nextpower’s Q2 2027 earnings at $0.84 EPS, Q1 2028 earnings at $1.06 EPS, Q2 2028 earnings at $1.20 EPS, Q3 2028 earnings at $1.13 EPS and Q4 2028 earnings at $1.09 EPS.

NXT has been the topic of several other research reports. BNP Paribas Exane lifted their target price on shares of Nextpower from $177.00 to $182.00 and gave the stock an “outperform” rating in a research note on Friday. BMO Capital Markets lifted their target price on shares of Nextpower from $113.00 to $125.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th. Jefferies Financial Group lifted their target price on shares of Nextpower from $145.00 to $159.00 and gave the stock a “buy” rating in a research note on Friday. Needham & Company LLC reaffirmed a “buy” rating and set a $149.00 target price on shares of Nextpower in a research note on Friday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Nextpower from $155.00 to $174.00 and gave the stock an “overweight” rating in a research note on Friday. Twenty investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $147.18.

Nextpower Stock Down 7.3%

Shares of NXT opened at $145.02 on Tuesday. Nextpower has a 52-week low of $51.69 and a 52-week high of $163.13. The firm’s fifty day moving average is $122.42 and its two-hundred day moving average is $108.73. The stock has a market cap of $21.53 billion, a PE ratio of 37.86, a price-to-earnings-growth ratio of 4.05 and a beta of 1.60.

Nextpower (NASDAQ:NXT) last released its quarterly earnings results on Tuesday, May 12th. The company reported $1.05 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $880.52 million for the quarter, compared to analysts’ expectations of $826.26 million. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Nextpower by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 14,167,845 shares of the company’s stock valued at $1,048,279,000 after acquiring an additional 283,981 shares during the last quarter. State Street Corp lifted its position in Nextpower by 0.6% in the third quarter. State Street Corp now owns 5,391,696 shares of the company’s stock valued at $398,932,000 after buying an additional 31,689 shares during the last quarter. Geode Capital Management LLC lifted its position in Nextpower by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 4,021,741 shares of the company’s stock valued at $350,385,000 after buying an additional 236,593 shares during the last quarter. Invesco Ltd. lifted its position in Nextpower by 5.1% in the fourth quarter. Invesco Ltd. now owns 2,864,660 shares of the company’s stock valued at $249,541,000 after buying an additional 139,211 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Nextpower by 4.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,429,410 shares of the company’s stock valued at $211,627,000 after buying an additional 111,782 shares during the last quarter. Institutional investors and hedge funds own 67.41% of the company’s stock.

Insider Activity

In other news, COO Nicholas Marco Miller sold 24,511 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $127.32, for a total transaction of $3,120,740.52. Following the transaction, the chief operating officer owned 221,533 shares of the company’s stock, valued at approximately $28,205,581.56. The trade was a 9.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Daniel S. Shugar sold 59,456 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 746,339 shares in the company, valued at approximately $78,492,472.63. The trade was a 7.38% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 263,422 shares of company stock worth $32,160,390. 0.56% of the stock is owned by insiders.

Key Headlines Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Northland Securities raised multiple future EPS estimates for Nextpower, including Q1 2028, Q2 2028, Q3 2028 and Q4 2028, while maintaining an Outperform rating and a $162 price target. Higher profit forecasts and a bullish rating can support investor confidence. Nextpower analyst estimates
• Positive Sentiment: Recent quarterly results were solid, with Nextpower posting $1.05 EPS versus $0.89 expected and revenue of $880.5 million versus $826.3 million expected. The company also reiterated FY2027 guidance, which can be viewed as a sign of underlying business strength. Nextpower earnings results
• Neutral Sentiment: Nextpower filed a patent infringement lawsuit against GameChange Solar over three patents tied to its tracker and energy management technology. The move may protect intellectual property, but it also introduces legal uncertainty and could take time to resolve. Nextpower patent lawsuit
• Negative Sentiment: COO Nicholas Marco Miller sold 22,427 shares for about $3.5 million. Although the sale was made under a pre-arranged 10b5-1 plan, insider selling can still weigh on sentiment when the stock is trading near highs. Nextpower insider sale

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.