Nicholas Marco Miller Sells 22,427 Shares of Nextpower (NASDAQ:NXT) Stock

Nextpower Inc. (NASDAQ:NXT) COO Nicholas Marco Miller sold 22,427 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $156.00, for a total value of $3,498,612.00. Following the transaction, the chief operating officer owned 186,194 shares in the company, valued at approximately $29,046,264. This trade represents a 10.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nicholas Marco Miller also recently made the following trade(s):

• On Wednesday, May 20th, Nicholas Marco Miller sold 24,511 shares of Nextpower stock. The shares were sold at an average price of $127.32, for a total value of $3,120,740.52.

Nextpower Trading Down 7.3%

NXT stock traded down $11.38 during trading hours on Monday, hitting $145.02. 2,487,275 shares of the stock were exchanged, compared to its average volume of 2,096,609. The company has a 50-day simple moving average of $121.89 and a two-hundred day simple moving average of $108.45. The firm has a market capitalization of $21.79 billion, a P/E ratio of 37.86, a P/E/G ratio of 4.05 and a beta of 1.73. Nextpower Inc. has a 12 month low of $51.69 and a 12 month high of $163.13.

Nextpower (NASDAQ:NXT) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.16. Nextpower had a net margin of 16.46% and a return on equity of 28.18%. The business had revenue of $880.52 million during the quarter, compared to analysts’ expectations of $826.26 million. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. On average, equities research analysts predict that Nextpower Inc. will post 3.58 earnings per share for the current year.

Analyst Ratings Changes

NXT has been the topic of a number of recent research reports. Weiss Ratings upgraded Nextpower from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 20th. BMO Capital Markets increased their target price on Nextpower from $113.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, May 13th. Glj Research restated a “buy” rating and issued a $147.33 price target on shares of Nextpower in a research report on Monday, March 16th. Wolfe Research reaffirmed an “outperform” rating and issued a $160.00 price target on shares of Nextpower in a research note on Friday. Finally, KeyCorp upped their price objective on shares of Nextpower from $152.00 to $164.00 and gave the stock an “overweight” rating in a research report on Friday. Twenty analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Nextpower presently has an average rating of “Moderate Buy” and a consensus price target of $147.18.

Institutional Trading of Nextpower

Several institutional investors and hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC grew its position in Nextpower by 107.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the company’s stock valued at $26,000 after acquiring an additional 155 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Nextpower by 268.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 306 shares of the company’s stock worth $28,000 after acquiring an additional 223 shares during the last quarter. Signature Equity Partners LLC lifted its holdings in shares of Nextpower by 76.4% in the first quarter. Signature Equity Partners LLC now owns 261 shares of the company’s stock worth $31,000 after acquiring an additional 113 shares during the last quarter. Huntington National Bank boosted its stake in shares of Nextpower by 480.3% in the 4th quarter. Huntington National Bank now owns 383 shares of the company’s stock valued at $33,000 after purchasing an additional 317 shares in the last quarter. Finally, Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Nextpower in the 3rd quarter valued at approximately $36,000. 67.41% of the stock is currently owned by institutional investors.

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.