TD Cowen Increases Nextpower (NASDAQ:NXT) Price Target to $135.00

Nextpower (NASDAQ:NXT) had its price objective increased by research analysts at TD Cowen from $105.00 to $135.00 in a research note issued to investors on Wednesday. The firm presently has a “hold” rating on the stock. TD Cowen’s target price points to a potential upside of 7.68% from the stock’s previous close.

Several other research analysts also recently weighed in on NXT. Wells Fargo & Company boosted their price target on Nextpower from $109.00 to $127.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. KeyCorp reiterated an “overweight” rating on shares of Nextpower in a research note on Friday, March 13th. Bank of America lifted their price target on Nextpower from $102.00 to $108.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Mizuho set a $81.00 target price on shares of Nextpower in a research report on Friday, January 23rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Nextpower in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $119.15.

Nextpower Stock Down 0.7%

NXT opened at $125.37 on Wednesday. The firm has a market cap of $18.61 billion, a P/E ratio of 32.06, a PEG ratio of 6.00 and a beta of 1.60. The business’s fifty day simple moving average is $115.69 and its 200 day simple moving average is $105.39. Nextpower has a 52 week low of $51.69 and a 52 week high of $134.32.

Nextpower (NASDAQ:NXT) last issued 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 business had revenue of $880.52 million during the quarter, compared to the consensus estimate of $826.26 million. Nextpower had a net margin of 16.43% and a return on equity of 32.01%. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. As a group, equities analysts expect that Nextpower will post 3.72 EPS for the current fiscal year.

Insider Buying and Selling

In other Nextpower news, CEO Daniel S. Shugar sold 59,456 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $105.17, for a total value of $6,252,987.52. Following the transaction, the chief executive officer directly owned 746,339 shares of the company’s stock, valued at $78,492,472.63. This trade represents a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.56% of the stock is owned by company insiders.

Hedge Funds Weigh In On Nextpower

A number of institutional investors and hedge funds have recently bought and sold shares of NXT. PNC Financial Services Group Inc. grew its position in Nextpower by 3.9% in the first quarter. PNC Financial Services Group Inc. now owns 14,263 shares of the company’s stock valued at $1,719,000 after acquiring an additional 540 shares in the last quarter. Hollencrest Capital Management purchased a new position in shares of Nextpower in the first quarter valued at $682,000. WCM Investment Management LLC purchased a new position in shares of Nextpower in the first quarter valued at $10,567,000. Lowe Brockenbrough & Co. Inc. acquired a new stake in Nextpower during the 1st quarter valued at $220,000. Finally, Parallel Advisors LLC lifted its holdings in Nextpower by 7.4% in the 1st quarter. Parallel Advisors LLC now owns 7,928 shares of the company’s stock worth $956,000 after buying an additional 543 shares in the last quarter. Hedge funds and other institutional investors own 67.41% of the company’s stock.

Nextpower News Roundup

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower beat expectations with Q4 EPS of $1.05 versus $0.89 expected, and revenue of $880.5 million versus $826.3 million expected, reinforcing that demand and profitability remained strong. Conference Call and Earnings Release
• Positive Sentiment: The company reported solid margins and net income, with GAAP net income of $151 million and a 33.8% gross margin, suggesting efficient execution even as revenue was slightly below the prior quarter. Fiscal Year 2026 Financial Results
• Positive Sentiment: Investor enthusiasm was further boosted by the announcement of a definitive agreement to acquire Zigor Corporation’s power conversion business and Apex Power, which should expand Nextpower’s product portfolio and support entry into battery energy storage and related markets. Acquisition Announcement
• Neutral Sentiment: Management’s FY2027 guidance was mixed relative to expectations: EPS guidance of 4.210-4.590 came in slightly below the consensus view, while revenue guidance of $3.8 billion-$4.1 billion was broadly in line with forecasts.
• Neutral Sentiment: Several pre-earnings articles focused on analyst expectations, sentiment, and leadership/governance changes, but the main stock-moving catalyst today was the earnings beat and acquisition news. Earnings Call Transcript

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.