Lisanti Capital Growth LLC Boosts Stock Holdings in Nextpower Inc. $NXT

Lisanti Capital Growth LLC raised its holdings in shares of Nextpower Inc. (NASDAQ:NXT) by 19.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,175 shares of the company’s stock after buying an additional 10,555 shares during the period. Nextpower comprises approximately 1.4% of Lisanti Capital Growth LLC’s portfolio, making the stock its 21st largest position. Lisanti Capital Growth LLC’s holdings in Nextpower were worth $5,765,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Signaturefd LLC boosted its position in Nextpower by 4.1% during the fourth quarter. Signaturefd LLC now owns 3,216 shares of the company’s stock valued at $280,000 after buying an additional 126 shares during the period. Allworth Financial LP boosted its position in Nextpower by 16.8% during the third quarter. Allworth Financial LP now owns 979 shares of the company’s stock valued at $72,000 after buying an additional 141 shares during the period. EverSource Wealth Advisors LLC boosted its position in Nextpower by 12.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,314 shares of the company’s stock valued at $114,000 after buying an additional 143 shares during the period. IFP Advisors Inc boosted its position in Nextpower by 3.2% during the fourth quarter. IFP Advisors Inc now owns 5,097 shares of the company’s stock valued at $444,000 after buying an additional 159 shares during the period. Finally, Fifth Third Bancorp boosted its position in Nextpower by 15.9% during the third quarter. Fifth Third Bancorp now owns 1,264 shares of the company’s stock valued at $94,000 after buying an additional 173 shares during the period. 67.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Daniel S. Shugar sold 59,456 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $105.17, for a total value of $6,252,987.52. Following the completion of the transaction, the chief executive officer directly owned 746,339 shares of the company’s stock, valued at $78,492,472.63. This represents a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Howard Wenger sold 16,090 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $127.32, for a total transaction of $2,048,578.80. Following the completion of the transaction, the president directly owned 508,582 shares of the company’s stock, valued at approximately $64,752,660.24. The trade was a 3.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders sold a total of 139,949 shares of company stock valued at $15,452,995 over the last three months. Corporate insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on NXT. The Goldman Sachs Group set a $140.00 price target on shares of Nextpower and gave the company a “buy” rating in a research report on Tuesday, April 14th. Jefferies Financial Group reiterated a “buy” rating and set a $145.00 target price on shares of Nextpower in a report on Wednesday, May 13th. Roth Mkm reiterated a “buy” rating and set a $155.00 target price on shares of Nextpower in a report on Wednesday, May 13th. Robert W. Baird increased their target price on shares of Nextpower from $133.00 to $156.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Finally, Wells Fargo & Company increased their target price on shares of Nextpower from $127.00 to $143.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $136.54.

Nextpower Trading Up 7.8%

Nextpower stock opened at $130.50 on Friday. The firm has a 50-day moving average of $119.89 and a 200-day moving average of $107.28. The firm has a market cap of $19.38 billion, a P/E ratio of 34.07, a P/E/G ratio of 3.21 and a beta of 1.60. Nextpower Inc. has a 1-year low of $51.69 and a 1-year high of $156.78.

Nextpower (NASDAQ:NXT) last posted its earnings results on Tuesday, May 12th. The company reported $1.05 earnings per share 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 net margin of 16.46% and a return on equity of 28.18%. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. Research analysts forecast that Nextpower Inc. will post 3.76 earnings per share for the current fiscal year.

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.