Nextpower (NASDAQ:NXT) Stock Gets Price Target Cut from Susquehanna

Nextpower (NASDAQ:NXT) had its price objective cut by Susquehanna from $150.00 to $145.00 in a report published on Thursday morning, Marketbeat.com reports. They currently have a positive rating on the stock.

NXT has been the topic of a number of other reports. Mizuho cut their price target on Nextpower from $111.00 to $101.00 and set a “neutral” rating on the stock in a report on Thursday, October 15th. Roth Capital restated a “buy” rating and set a $175.00 price objective on shares of Nextpower in a research note on Tuesday, July 28th. Needham & Company LLC dropped their price objective on Nextpower from $149.00 to $143.00 and set a “buy” rating on the stock in a research report on Thursday. Royal Bank Of Canada dropped their price objective on Nextpower from $149.00 to $147.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. Finally, Glj Research reiterated a “buy” rating and issued a $149.00 target price on shares of Nextpower in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $136.00.

Nextpower Stock Performance

NASDAQ NXT opened at $79.33 on Thursday. The firm’s 50 day moving average price is $82.41 and its 200-day moving average price is $106.67. Nextpower has a 52-week low of $75.40 and a 52-week high of $163.13. The company has a market cap of $12.04 billion, a PE ratio of 19.98, a P/E/G ratio of 1.91 and a beta of 1.94.

Nextpower (NASDAQ:NXT) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.21. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. Nextpower had a net margin of 15.98% and a return on equity of 25.33%. On average, analysts forecast that Nextpower will post 3.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Nextpower

In other Nextpower news, President Howard Wenger sold 11,176 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $104.78, for a total value of $1,171,021.28. Following the completion of the transaction, the president owned 419,868 shares of the company’s stock, valued at approximately $43,993,769.04. This trade represents a 2.59% decrease in their ownership of the stock. 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, Director Julia Blunden sold 3,723 shares of Nextpower stock in a transaction on Friday, August 21st. The stock was sold at an average price of $88.08, for a total transaction of $327,921.84. Following the sale, the director owned 6,434 shares of the company’s stock, valued at $566,706.72. The trade was a 36.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 100,431 shares of company stock worth $10,039,748 in the last three months. 0.84% of the stock is owned by company insiders.

Hedge Funds Weigh In On Nextpower

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fundsmith LLP purchased a new stake in shares of Nextpower during the 2nd quarter worth about $340,275,000. Robeco Schweiz AG increased its stake in shares of Nextpower by 98.8% in the 3rd quarter. Robeco Schweiz AG now owns 1,721,087 shares of the company’s stock valued at $134,124,000 after purchasing an additional 855,460 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Nextpower by 34.6% in the 1st quarter. Bank of America Corp DE now owns 1,568,235 shares of the company’s stock valued at $189,051,000 after purchasing an additional 402,770 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Nextpower by 134.3% in the 1st quarter. Janus Henderson Group PLC now owns 1,362,466 shares of the company’s stock worth $164,488,000 after purchasing an additional 780,958 shares during the period. Finally, Assetmark Inc. raised its holdings in Nextpower by 96.6% in the 1st quarter. Assetmark Inc. now owns 840,966 shares of the company’s stock worth $101,378,000 after purchasing an additional 413,142 shares during the period. Hedge funds and other institutional investors own 67.41% of the company’s stock.

Key Headlines Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower reported quarterly adjusted EPS of $1.31, well above the $1.10 consensus estimate, while revenue of $1.11 billion also exceeded expectations of $1.06 billion. EPS increased from $1.19 a year earlier. Nextpower Q2 earnings and revenue beat estimates
• Positive Sentiment: The company issued fiscal 2027 EPS guidance of $4.61 to $4.87, above the $4.50 analyst consensus. Revenue guidance of $4.2 billion to $4.5 billion brackets the $4.3 billion consensus, indicating management remains confident in demand and execution.
• Positive Sentiment: Nextpower authorized a $500 million share buyback and highlighted a backlog of approximately $6 billion. These actions may improve per-share results and provide support to the stock, although reports also noted that margins declined despite strong sales growth. Nextpower stock and $500 million buyback
• Neutral Sentiment: Wells Fargo, JPMorgan, Susquehanna and Needham all maintained bullish ratings—overweight, positive or buy—but lowered their price targets. The revisions still imply substantial upside from recent trading levels, suggesting analysts remain constructive while taking a more cautious view of near-term valuation or growth.
• Negative Sentiment: Wells Fargo cut its target from $151 to $125, JPMorgan reduced its target from $136 to $134, Susquehanna lowered its target from $150 to $145, and Needham cut its target from $149 to $143. Although ratings remained positive, the cluster of target reductions may weigh on sentiment and offset some of the earnings-related optimism.

About Nextpower

Nextracker Inc is a renewable energy technology company that designs, manufactures and supplies intelligent solar-tracking systems for utility-scale and large commercial solar power projects. Its systems adjust the position of solar panels throughout the day to help photovoltaic modules capture more sunlight and improve energy production.

The company’s product portfolio includes single-axis solar trackers, structural components, foundations and related hardware, as well as software and controls designed to optimize tracker performance.