Analysts Issue Forecasts for Nextpower Q3 Earnings

Nextpower Inc. (NASDAQ:NXT) – Stock analysts at Northland Securities upped their Q3 2027 EPS estimates for shares of Nextpower in a research note issued to investors on Friday, May 29th. Northland Securities analyst G. Richard now forecasts that the company will post earnings per share of $0.99 for the quarter, up from their prior forecast of $0.90. Northland Securities currently has a “Outperform” rating and a $162.00 target price on the stock. The consensus estimate for Nextpower’s current full-year earnings is $3.58 per share. Northland Securities also issued estimates for Nextpower’s Q4 2027 earnings at $1.01 EPS and FY2028 earnings at $4.48 EPS.

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings upgraded shares of Nextpower from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 20th. Loop Capital set a $135.00 price objective on shares of Nextpower in a research note on Wednesday, May 13th. Mizuho increased their price objective on shares of Nextpower from $112.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. The Goldman Sachs Group set a $140.00 target price on shares of Nextpower and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Finally, BMO Capital Markets raised their target price on shares of Nextpower from $113.00 to $125.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th. Twenty investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $147.27.

Nextpower Stock Up 5.0%

Shares of NASDAQ:NXT opened at $152.22 on Wednesday. The firm’s 50 day moving average price is $122.42 and its 200-day moving average price is $108.73. Nextpower has a twelve month low of $51.69 and a twelve month high of $163.13. The stock has a market capitalization of $22.87 billion, a PE ratio of 39.74, a price-to-earnings-growth ratio of 3.75 and a beta of 1.73.

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 firm had revenue of $880.52 million for the quarter, compared to analysts’ expectations of $826.26 million. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS.

Insider Transactions at Nextpower

In related news, COO Nicholas Marco Miller sold 22,427 shares of Nextpower stock in a transaction dated 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 completion of the sale, the chief operating officer directly owned 186,194 shares in the company, valued at $29,046,264. The trade was a 10.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Howard Wenger sold 62,670 shares of Nextpower stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $130.25, for a total value of $8,162,767.50. Following the completion of the sale, the president owned 426,467 shares of the company’s stock, valued at $55,547,326.75. The trade was a 12.81% decrease in their ownership of the stock. 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. Insiders sold a total of 228,030 shares of company stock valued at $28,812,757 over the last three months. 0.56% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Nextpower

A number of large investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Nextpower during the fourth quarter worth about $170,918,000. William Blair Investment Management LLC purchased a new stake in Nextpower in the 3rd quarter worth approximately $108,739,000. Amundi boosted its position in Nextpower by 156.1% in the 3rd quarter. Amundi now owns 2,111,628 shares of the company’s stock worth $161,600,000 after purchasing an additional 1,287,071 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Nextpower by 134.3% during the 1st quarter. Janus Henderson Group PLC now owns 1,362,466 shares of the company’s stock valued at $164,488,000 after buying an additional 780,958 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of Nextpower by 938.0% during the 3rd quarter. Allianz Asset Management GmbH now owns 794,538 shares of the company’s stock valued at $58,788,000 after buying an additional 717,991 shares in the last quarter. 67.41% of the stock is currently owned by institutional investors.

Nextpower News Roundup

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Northland Securities raised several forward earnings estimates for Nextpower, including Q1 2027 and multiple 2028 quarters, while keeping an Outperform rating and $162 price target, reinforcing a bullish long-term outlook. MarketBeat NXT page
• Positive Sentiment: Nextpower filed a patent infringement lawsuit against GameChange Solar over three patents tied to its self-powered solar tracker and TrueCapture energy management system, which may help defend pricing power and intellectual property. Nextpower Files Patent Lawsuit Against GameChange Solar
• Neutral Sentiment: GameChange Energy said it will vigorously defend against the allegations, creating litigation uncertainty that could take time to resolve. GameChange Energy response
• Negative Sentiment: COO Nicholas Marco Miller and CFO Charles Boynton both sold shares in pre-arranged Rule 10b5-1 plans. While routine, insider selling can dampen sentiment if investors worry management sees less near-term upside. Insider trades alert

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.