Insider Selling: Nextpower (NASDAQ:NXT) CFO Sells $683,055.00 in Stock

Nextpower Inc. (NASDAQ:NXT) CFO Charles Boynton sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $151.79, for a total transaction of $683,055.00. Following the sale, the chief financial officer owned 358,500 shares of the company’s stock, valued at $54,416,715. The trade was a 1.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nextpower Stock Performance

NASDAQ NXT opened at $150.32 on Friday. The stock has a market capitalization of $22.59 billion, a P/E ratio of 39.25, a P/E/G ratio of 3.47 and a beta of 1.73. Nextpower Inc. has a 1 year low of $51.69 and a 1 year high of $163.13. The business’s fifty day moving average is $124.27 and its two-hundred day moving average is $109.93.

Nextpower (NASDAQ:NXT) last released 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 return on equity of 28.18% and a net margin of 16.46%.The business had revenue of $880.52 million during the quarter, compared to analyst estimates of $826.26 million. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. On average, research analysts forecast that Nextpower Inc. will post 3.69 earnings per share for the current year.

Nextpower News Summary

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Northland Securities raised several forward earnings estimates for Nextpower and reiterated an Outperform rating with a $162 price target, signaling confidence in the company’s earnings growth trajectory.
• Positive Sentiment: Glj Research lifted its price target to $149.44 and maintained a buy rating, adding to the overall bullish analyst tone around the stock.
• Positive Sentiment: Nextpower’s patent infringement lawsuit against GameChange Solar may be viewed as a strategic move to protect its technology and market share in solar tracking systems. Nextpower sues GameChange over IP breach as GameChange announces rebranding
• Neutral Sentiment: GameChange said it will vigorously defend against the claims, which creates litigation uncertainty and could limit the near-term impact of the lawsuit.
• Negative Sentiment: Recent insider selling by the CFO and COO may slightly temper enthusiasm, though the trades were reported under pre-arranged 10b5-1 plans and do not necessarily signal a change in fundamentals.
• Negative Sentiment: Broader market weakness tied to China banking concerns and falling oil prices could weigh on sentiment across the renewable-energy and industrial space, even if company-specific news remains positive.

Analysts Set New Price Targets

Several research analysts recently weighed in on NXT shares. Wells Fargo & Company upped their price target on Nextpower from $143.00 to $151.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. Roth Mkm reaffirmed a “buy” rating and set a $155.00 target price on shares of Nextpower in a research note on Wednesday, May 13th. The Goldman Sachs Group set a $140.00 target price on Nextpower and gave the company a “buy” rating in a report on Tuesday, April 14th. Northland Securities increased their price target on shares of Nextpower from $148.00 to $162.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Finally, Royal Bank Of Canada raised their price target on shares of Nextpower from $146.00 to $149.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Twenty investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Nextpower has a consensus rating of “Moderate Buy” and an average target price of $147.27.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in shares of Nextpower by 107.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 299 shares of the company’s stock valued at $26,000 after buying an additional 155 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Nextpower by 268.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 306 shares of the company’s stock valued at $28,000 after buying an additional 223 shares in the last quarter. Signature Equity Partners LLC increased its holdings in 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 buying an additional 113 shares during the last quarter. Huntington National Bank raised its position in Nextpower by 480.3% during the fourth quarter. Huntington National Bank now owns 383 shares of the company’s stock valued at $33,000 after acquiring an additional 317 shares in the last quarter. Finally, Foster Dykema Cabot & Partners LLC bought a new position in Nextpower during the third quarter valued at approximately $36,000. 67.41% of the stock is owned by institutional investors and hedge funds.

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.