Northland Securities Forecasts Nextpower Q2 Earnings

Nextpower Inc. (NASDAQ:NXT) – Equities researchers at Northland Securities issued their Q2 2027 earnings estimates for shares of Nextpower in a report issued on Friday, July 31st. Northland Securities analyst G. Richard forecasts that the company will post earnings per share of $0.86 for the quarter. Northland Securities has a “Outperform” rating and a $162.00 price target on the stock. The consensus estimate for Nextpower’s current full-year earnings is $3.75 per share. Northland Securities also issued estimates for Nextpower’s Q4 2027 earnings at $0.91 EPS, FY2027 earnings at $3.81 EPS, Q1 2028 earnings at $1.01 EPS, Q2 2028 earnings at $1.15 EPS, Q3 2028 earnings at $1.15 EPS, Q4 2028 earnings at $1.07 EPS and FY2028 earnings at $4.40 EPS.

NXT has been the topic of a number of other reports. Loop Capital set a $135.00 price target on Nextpower in a report on Wednesday, May 13th. Weiss Ratings downgraded shares of Nextpower from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft set a $137.00 target price on shares of Nextpower in a research report on Monday. TD Cowen lowered their target price on shares of Nextpower from $135.00 to $118.00 and set a “hold” rating on the stock in a research note on Monday, July 20th. Finally, Citigroup dropped their price target on shares of Nextpower from $145.00 to $132.00 and set a “buy” rating on the stock in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $146.12.

Nextpower Trading Up 1.4%

Shares of NASDAQ NXT opened at $99.81 on Thursday. Nextpower has a 12-month low of $52.61 and a 12-month high of $163.13. The company has a market cap of $15.00 billion, a PE ratio of 25.86, a P/E/G ratio of 1.96 and a beta of 1.95. The stock has a 50 day simple moving average of $115.33 and a 200-day simple moving average of $116.37.

Nextpower (NASDAQ:NXT) last posted its earnings results on Thursday, July 30th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.05 by $0.15. Nextpower had a net margin of 16.36% and a return on equity of 26.29%. The firm had revenue of $935.17 million during the quarter, compared to analysts’ expectations of $935.39 million.

Hedge Funds Weigh In On Nextpower

A number of large investors have recently made changes to their positions in NXT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Nextpower by 19.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 437,490 shares of the company’s stock worth $18,436,000 after purchasing an additional 71,842 shares during the period. M&T Bank Corp purchased a new stake in Nextpower in the 2nd quarter worth approximately $223,000. EverSource Wealth Advisors LLC lifted its position in Nextpower by 179.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company’s stock worth $61,000 after buying an additional 724 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Nextpower by 154.0% during the 2nd quarter. Cerity Partners LLC now owns 18,539 shares of the company’s stock valued at $1,008,000 after buying an additional 11,239 shares during the period. Finally, California Public Employees Retirement System boosted its stake in shares of Nextpower by 36.5% during the 2nd quarter. California Public Employees Retirement System now owns 222,960 shares of the company’s stock valued at $12,122,000 after buying an additional 59,573 shares during the period. Institutional investors and hedge funds own 67.41% of the company’s stock.

Insider Buying and Selling at Nextpower

In related news, President Howard Wenger sold 62,670 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $130.25, for a total transaction of $8,162,767.50. Following the transaction, the president directly owned 426,467 shares of the company’s stock, valued at approximately $55,547,326.75. The trade was a 12.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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. Also, CEO Daniel S. Shugar sold 26,077 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer directly owned 931,419 shares in the company, valued at $125,480,767.68. The trade was a 2.72% 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 have sold a total of 168,574 shares of company stock valued at $22,559,770 in the last ninety days. Company insiders own 0.84% of the company’s stock.

Key Nextpower News

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Northland Securities maintained an “Outperform” rating and a $162 price target. The firm projects FY2027 EPS of $3.81 and FY2028 EPS of $4.40, indicating continued earnings growth from the current-year consensus of $3.75 per share.
• Positive Sentiment: GLJ Research reaffirmed its “Buy” rating and set a $149 price target, implying substantial potential upside based on the referenced $99.81 price. GLJ Research reaffirms Buy rating
• Positive Sentiment: Citigroup also issued a Buy rating on Nextpower, adding to the favorable analyst coverage. Nextpower gets a Buy rating from Citi
• Neutral Sentiment: Northland raised its Q3 2028 EPS forecast to $1.15 from $1.13, while initiating estimates of $0.86 for Q2 2027. These revisions suggest longer-term earnings expansion, but do not materially change the near-term outlook.
• Negative Sentiment: Northland lowered its Q4 2027 EPS estimate to $0.91 from $1.01, Q1 2028 to $1.01 from $1.06, Q2 2028 to $1.15 from $1.20, Q4 2028 to $1.07 from $1.09, and FY2028 to $4.40 from $4.48. The broad pattern of cuts may weigh on sentiment because it points to somewhat slower-than-previously-expected earnings growth.
• Negative Sentiment: Citigroup-related coverage has also included a pessimistic forecast for NXT, creating uncertainty despite the firm’s reported Buy stance. Citigroup forecast for Nextpower

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.