Nextpower (NASDAQ:NXT) Shares Down 8.7% Following Insider Selling

Shares of Nextpower Inc. (NASDAQ:NXT) were down 8.7% during trading on Monday after an insider sold shares in the company. The stock traded as low as $144.53 and last traded at $142.77. Approximately 309,113 shares were traded during trading, a decline of 85% from the average daily volume of 2,074,874 shares. The stock had previously closed at $156.40.

Specifically, COO Nicholas Marco Miller sold 22,427 shares of Nextpower stock in a transaction on Friday, May 29th. The shares were sold at an average price of $156.00, for a total transaction of $3,498,612.00. Following the sale, the chief operating officer owned 186,194 shares of the company’s stock, valued at $29,046,264. The trade was a 10.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bruce Ledesma sold 3,248 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $134.72, for a total transaction of $437,570.56. Following the completion of the sale, the insider directly owned 246,130 shares of the company’s stock, valued at $33,158,633.60. The trade was 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 other news, CEO Daniel S. Shugar sold 26,077 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $134.72, for a total value of $3,513,093.44. Following the completion of the sale, the chief executive officer owned 931,419 shares of the company’s stock, valued at approximately $125,480,767.68. The trade was a 2.72% decrease in their position. The transaction was disclosed in a document filed 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. UBS Group reissued a “buy” rating and issued a $170.00 target price on shares of Nextpower in a research report on Friday. Wall Street Zen downgraded shares of Nextpower from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. KeyCorp boosted their target price on shares of Nextpower from $152.00 to $164.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Royal Bank Of Canada boosted their target price on shares of Nextpower from $146.00 to $149.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Finally, Glj Research reaffirmed a “buy” rating and set a $147.33 price objective on shares of Nextpower in a research report on Monday, March 16th. Twenty research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $147.18.

Nextpower News Summary

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Northland Securities raised multiple forward EPS estimates for Nextpower, including Q1 2027, Q1 2028, Q2 2028, Q3 2028 and Q4 2028, while keeping an Outperform rating and a $162 price target, signaling confidence in long-term earnings growth. MarketBeat NXT page
• Positive Sentiment: Nextpower filed a patent infringement lawsuit against GameChange Solar, which may protect its tracker and energy-management technology and support its competitive position in solar infrastructure. Nextpower Files Patent Lawsuit Against GameChange Solar
• Neutral Sentiment: GameChange Energy said it will vigorously defend the patent claims, introducing some litigation uncertainty for both sides. GameChange Energy response
• Negative Sentiment: COO Nicholas Marco Miller sold 22,427 shares and CFO Charles D. Boynton sold 4,500 shares under pre-arranged trading plans. While routine, insider selling can temper enthusiasm if investors worry management sees less near-term upside. Insider trades alert

Nextpower Stock Performance

The stock has a market cap of $22.87 billion, a price-to-earnings ratio of 39.74, a price-to-earnings-growth ratio of 3.75 and a beta of 1.73. The business’s 50 day moving average is $122.42 and its 200 day moving average is $108.73.

Nextpower (NASDAQ:NXT) last released its quarterly earnings data on Tuesday, May 12th. The company reported $1.05 earnings per share for the quarter, beating 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 firm had revenue of $880.52 million for the quarter, compared to analyst estimates of $826.26 million. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. Research analysts expect that Nextpower Inc. will post 3.58 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Nextpower by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 14,167,845 shares of the company’s stock worth $1,048,279,000 after purchasing an additional 283,981 shares during the last quarter. State Street Corp lifted its holdings in shares of Nextpower by 0.6% during the 3rd quarter. State Street Corp now owns 5,391,696 shares of the company’s stock worth $398,932,000 after acquiring an additional 31,689 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Nextpower by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 4,021,741 shares of the company’s stock worth $350,385,000 after acquiring an additional 236,593 shares during the period. Invesco Ltd. increased its position in shares of Nextpower by 5.1% during the 4th quarter. Invesco Ltd. now owns 2,864,660 shares of the company’s stock worth $249,541,000 after purchasing an additional 139,211 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Nextpower by 4.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,429,410 shares of the company’s stock valued at $211,627,000 after purchasing an additional 111,782 shares in the last quarter. Institutional investors and hedge funds 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.