Nextpower Inc. (NASDAQ:NXT) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Nextpower Inc. (NASDAQ:NXT) have received an average rating of “Moderate Buy” from the twenty-six ratings firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $150.0976.

A number of research analysts have weighed in on the company. Royal Bank Of Canada lifted their target price on Nextpower from $146.00 to $149.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Wall Street Zen cut shares of Nextpower from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Mizuho raised their price target on Nextpower from $130.00 to $142.00 and gave the company a “neutral” rating in a report on Monday, June 8th. Glj Research lifted their price objective on shares of Nextpower from $147.00 to $149.44 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Finally, Citigroup upped their target price on shares of Nextpower from $114.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th.

Nextpower Price Performance

Shares of NXT stock opened at $103.10 on Monday. The stock has a market capitalization of $15.49 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 2.12 and a beta of 1.86. The company’s fifty day simple moving average is $123.89 and its two-hundred day simple moving average is $115.59. Nextpower has a 1 year low of $52.61 and a 1 year high of $163.13.

Nextpower (NASDAQ:NXT) last posted 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. Nextpower had a return on equity of 28.18% and a net margin of 16.46%.The firm had revenue of $880.52 million during the quarter, compared to analyst estimates of $826.26 million. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. Equities research analysts anticipate that Nextpower will post 3.75 EPS for the current year.

Insider Transactions at Nextpower

In other Nextpower news, COO Nicholas Marco Miller sold 24,511 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $127.32, for a total value of $3,120,740.52. Following the sale, the chief operating officer owned 221,533 shares of the company’s stock, valued at $28,205,581.56. This trade represents a 9.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Charles D. Boynton sold 4,500 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $151.79, for a total transaction of $683,055.00. Following the completion of the transaction, the chief financial officer owned 358,500 shares in the company, valued at $54,416,715. The trade was a 1.24% 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. In the last three months, insiders sold 168,574 shares of company stock worth $22,559,770. Company insiders own 0.84% of the company’s stock.

Hedge Funds Weigh In On Nextpower

Institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its holdings in Nextpower by 107.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the company’s stock worth $26,000 after purchasing an additional 155 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake 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 worth $28,000 after buying an additional 223 shares during the last quarter. Signature Equity Partners LLC grew its stake in shares of Nextpower by 76.4% during 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 period. Huntington National Bank grew its position in shares of Nextpower by 480.3% during the 4th quarter. Huntington National Bank now owns 383 shares of the company’s stock valued at $33,000 after acquiring an additional 317 shares during the period. Finally, Baillie Gifford & Co. grew its position in shares of Nextpower by 76.5% during the 4th quarter. Baillie Gifford & Co. now owns 420 shares of the company’s stock valued at $37,000 after acquiring an additional 182 shares during the period. Institutional investors own 67.41% of the company’s stock.

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.