Nextpower (NASDAQ:NXT) Stock Price Up 11.9% After Analyst Upgrade

Nextpower Inc. (NASDAQ:NXT)’s stock price shot up 11.9% during trading on Wednesday after Glj Research raised their price target on the stock from $149.00 to $158.00. Glj Research currently has a buy rating on the stock. Nextpower traded as high as $115.00 and last traded at $107.4540. Approximately 2,197,325 shares were traded during trading, a decline of 9% from the average session volume of 2,402,893 shares. The stock had previously closed at $96.02.

Other equities research analysts have also recently issued research reports about the company. Roth Capital set a $140.00 price objective on Nextpower in a report on Thursday, October 29th. Royal Bank Of Canada decreased their target price on Nextpower from $149.00 to $147.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Zacks Research lowered Nextpower from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Susquehanna dropped their target price on shares of Nextpower from $150.00 to $145.00 and set a “positive” rating for the company in a research report on Thursday, October 29th. Finally, UBS Group cut their target price on shares of Nextpower from $160.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $135.58.

Insider Activity

In other news, President Howard Wenger sold 11,176 shares of Nextpower stock in a transaction that occurred 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 sale, the president directly owned 419,868 shares in the company, valued at $43,993,769.04. The trade was a 2.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Daniel Shugar sold 67,636 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $103.07, for a total transaction of $6,971,242.52. Following the transaction, the chief executive officer directly owned 871,131 shares of the company’s stock, valued at $89,787,472.17. The trade was a 7.20% 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. Over the last 90 days, insiders have sold 98,142 shares of company stock worth $9,817,212. 0.84% of the stock is owned by corporate insiders.

Nextpower News Roundup

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower’s latest results beat expectations, and the company raised its outlook. The earnings news helped drive a sharp rally, while Jefferies named the company a “franchise pick,” adding to investor enthusiasm. Nextpower beats and lifts guidance Jefferies names Nextpower a franchise pick
• Positive Sentiment: Analyst signals were broadly supportive: GLJ Research raised its price target to $158 and maintained a Buy rating, Wells Fargo also initiated or reiterated a Buy rating, and Zacks upgraded NXT to Rank #2 (Buy). Northland Securities raised several 2027–2028 earnings estimates, although its revisions were not uniformly higher. GLJ Research rating Zacks upgrades Nextpower to Buy
• Neutral Sentiment: The shares crossed above their 50-day moving average following an analyst downgrade, suggesting a technical rebound despite the negative rating news. Shares cross above 50-day moving average following downgrade
• Negative Sentiment: A disclosed risk around the Saudi solar joint venture raises concerns about execution and governance that could complicate expansion and the financial outlook. A separate article also questions whether the post-rally stock is fully valued. Saudi solar expansion risks Valuation discussion

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NXT. Tidal Investments LLC increased its holdings in shares of Nextpower by 20.2% in the 2nd quarter. Tidal Investments LLC now owns 102,483 shares of the company’s stock worth $12,210,000 after buying an additional 17,221 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Nextpower in the 2nd quarter valued at about $1,792,000. Reynders McVeigh Capital Management LLC grew its position in Nextpower by 15.0% in the second quarter. Reynders McVeigh Capital Management LLC now owns 157,897 shares of the company’s stock worth $18,812,000 after acquiring an additional 20,547 shares in the last quarter. Perpetual Ltd grew its position in Nextpower by 16.2% in the third quarter. Perpetual Ltd now owns 194,578 shares of the company’s stock worth $15,163,000 after acquiring an additional 27,098 shares in the last quarter. Finally, Lombard Odier Asset Management Europe Ltd increased its stake in Nextpower by 63.5% during the first quarter. Lombard Odier Asset Management Europe Ltd now owns 127,421 shares of the company’s stock worth $15,361,000 after acquiring an additional 49,505 shares during the last quarter. Hedge funds and other institutional investors own 67.41% of the company’s stock.

Nextpower Stock Up 11.7%

The company has a 50 day simple moving average of $82.74 and a two-hundred day simple moving average of $106.63. The company has a market capitalization of $16.28 billion, a P/E ratio of 26.85, a PEG ratio of 1.90 and a beta of 1.93.

Nextpower (NASDAQ:NXT) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.21. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.06 billion. Nextpower had a return on equity of 25.33% and a net margin of 15.98%. As a group, research analysts expect that Nextpower Inc. will post 4.01 EPS for the current fiscal year.

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.