Nextpower (NASDAQ:NXT) Updates FY 2027 Earnings Guidance

Nextpower (NASDAQ:NXT) updated its FY 2027 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 4.300-4.730 for the period, compared to the consensus earnings per share estimate of 4.460. The company issued revenue guidance of $4.0 billion-$4.4 billion, compared to the consensus revenue estimate of $4.0 billion.

Analysts Set New Price Targets

Several analysts have weighed in on NXT shares. Loop Capital set a $135.00 price target on shares of Nextpower in a research note on Wednesday, May 13th. Susquehanna lifted their price objective on Nextpower from $161.00 to $180.00 and gave the stock a “positive” rating in a report on Monday, June 1st. KeyCorp increased their target price on Nextpower from $152.00 to $164.00 and gave the company an “overweight” rating in a report on Friday, May 29th. TD Cowen lifted their price target on Nextpower from $105.00 to $135.00 and gave the stock a “hold” rating in a research note on Wednesday, May 13th. Finally, Mizuho boosted their price objective on Nextpower from $130.00 to $142.00 and gave the company a “neutral” rating in a research report on Monday, June 8th. Twenty analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $148.69.

Nextpower Stock Performance

NASDAQ NXT opened at $116.15 on Thursday. The stock has a market cap of $17.45 billion, a P/E ratio of 30.33, a price-to-earnings-growth ratio of 2.80 and a beta of 1.73. Nextpower has a fifty-two week low of $52.61 and a fifty-two week high of $163.13. The stock has a 50 day simple moving average of $126.53 and a two-hundred day simple moving average of $114.10.

Nextpower (NASDAQ:NXT) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.16. The company had revenue of $880.52 million during the quarter, compared to analyst estimates 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. Sell-side analysts predict that Nextpower will post 3.71 earnings per share for the current year.

Insider Activity

In related news, COO Nicholas Marco Miller sold 22,427 shares of Nextpower stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $156.00, for a total transaction of $3,498,612.00. Following the sale, the chief operating officer directly owned 186,194 shares in the company, valued at $29,046,264. The trade was a 10.75% decrease in their ownership of the stock. 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. Also, insider Bruce Ledesma sold 3,248 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $134.72, for a total value of $437,570.56. Following the completion of the transaction, the insider owned 246,130 shares of the company’s stock, valued at approximately $33,158,633.60. This trade 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. In the last three months, insiders have sold 168,574 shares of company stock worth $22,559,770. 0.56% of the stock is owned by company insiders.

Institutional Trading of Nextpower

A number of hedge funds have recently made changes to their positions in the stock. Odyssean LLC bought a new stake in Nextpower during the 4th quarter valued at about $726,000. Janney Montgomery Scott LLC boosted its position in shares of Nextpower by 25.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 5,844 shares of the company’s stock valued at $509,000 after buying an additional 1,202 shares during the last quarter. Vontobel Holding Ltd. purchased a new position in shares of Nextpower during the fourth quarter valued at approximately $507,000. Boothbay Fund Management LLC bought a new position in Nextpower during the third quarter valued at approximately $482,000. Finally, Brooklyn Investment Group boosted its holdings in Nextpower by 84.6% in the fourth quarter. Brooklyn Investment Group now owns 5,329 shares of the company’s stock worth $481,000 after purchasing an additional 2,442 shares during the last quarter. 67.41% of the stock is owned by institutional investors.

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.