Analysts Set Nextpower Inc. (NASDAQ:NXT) Price Target at $95.76

Shares of Nextpower Inc. (NASDAQ:NXT) have been given a consensus recommendation of “Moderate Buy” by the twenty-seven analysts that are presently covering the stock, Marketbeat reports. Nine analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $95.7619.

Several equities analysts have commented on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Nextpower in a research report on Monday. UBS Group upped their price objective on Nextpower to $125.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Wells Fargo & Company raised their price objective on shares of Nextpower from $72.00 to $109.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Wall Street Zen lowered shares of Nextpower from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 25th. Finally, Barclays upped their price target on shares of Nextpower from $92.00 to $105.00 and gave the company an “overweight” rating in a research report on Monday, October 27th.

Insider Buying and Selling

In related news, CFO Charles D. Boynton sold 4,500 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $67.21, for a total transaction of $302,445.00. Following the completion of the transaction, the chief financial officer directly owned 295,059 shares of the company’s stock, valued at $19,830,915.39. This trade represents a 1.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William D. Watkins sold 10,000 shares of Nextpower stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $91.85, for a total value of $918,500.00. Following the transaction, the director directly owned 16,777 shares in the company, valued at $1,540,967.45. The trade was a 37.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 67,460 shares of company stock valued at $5,970,201. Company insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bryce Point Capital LLC purchased a new stake in Nextpower during the 2nd quarter valued at $998,000. Ethic Inc. raised its stake in shares of Nextpower by 65.1% in the second quarter. Ethic Inc. now owns 8,469 shares of the company’s stock worth $494,000 after purchasing an additional 3,339 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Nextpower by 3.2% during the second quarter. Bank of New York Mellon Corp now owns 1,138,496 shares of the company’s stock valued at $61,900,000 after purchasing an additional 35,642 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Nextpower by 323.7% during the first quarter. Hsbc Holdings PLC now owns 74,038 shares of the company’s stock valued at $3,118,000 after purchasing an additional 56,564 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in Nextpower by 22.2% in the 1st quarter. Raymond James Financial Inc. now owns 157,634 shares of the company’s stock worth $6,643,000 after buying an additional 28,683 shares in the last quarter. 67.41% of the stock is owned by institutional investors and hedge funds.

Nextpower Price Performance

Shares of Nextpower stock opened at $90.65 on Friday. The company’s 50 day moving average price is $90.23 and its two-hundred day moving average price is $71.78. The firm has a market capitalization of $13.45 billion, a P/E ratio of 23.55, a P/E/G ratio of 3.01 and a beta of 2.35. Nextpower has a fifty-two week low of $33.29 and a fifty-two week high of $112.74.

Nextpower (NASDAQ:NXT) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.21. Nextpower had a return on equity of 35.05% and a net margin of 17.08%.The company had revenue of $905.27 million during the quarter, compared to analysts’ expectations of $839.53 million. Nextpower has set its FY 2026 guidance at 4.040-4.250 EPS. On average, analysts expect that Nextpower will post 3.29 earnings per share for the current year.

Nextpower Company Profile

Nextpower, formerly known as Nextracker, an energy solutions company, provides solar trackers and software solutions for utility-scale and distributed generation solar projects in the United States and internationally. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain.