Beaconlight Capital LLC Makes New $1.02 Million Investment in Nextpower Inc. $NXT

Beaconlight Capital LLC bought a new stake in shares of Nextpower Inc. (NASDAQ:NXT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 18,841 shares of the company’s stock, valued at approximately $1,024,000. Nextpower makes up about 0.6% of Beaconlight Capital LLC’s portfolio, making the stock its 26th biggest position.

Several other large investors have also recently made changes to their positions in NXT. Bryce Point Capital LLC bought a new stake in shares of Nextpower in the 2nd quarter valued at about $998,000. Ethic Inc. raised its stake in shares of Nextpower by 65.1% during the 2nd quarter. Ethic Inc. now owns 8,469 shares of the company’s stock worth $494,000 after acquiring an additional 3,339 shares in the last quarter. Bank of New York Mellon Corp lifted its position in 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 acquiring an additional 35,642 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Nextpower by 323.7% in the first quarter. Hsbc Holdings PLC now owns 74,038 shares of the company’s stock valued at $3,118,000 after acquiring an additional 56,564 shares in the last quarter. Finally, Raymond James Financial Inc. grew its holdings in Nextpower by 22.2% in the first quarter. Raymond James Financial Inc. now owns 157,634 shares of the company’s stock worth $6,643,000 after purchasing an additional 28,683 shares during the last quarter. 67.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Nextpower from $92.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, October 24th. Needham & Company LLC assumed coverage on Nextpower in a research note on Wednesday, October 22nd. They issued a “buy” rating and a $102.00 price target for the company. Mizuho set a $76.00 price target on Nextpower in a research note on Monday, October 20th. Susquehanna increased their price objective on shares of Nextpower from $76.00 to $100.00 and gave the company a “positive” rating in a research report on Monday, October 13th. Finally, Jefferies Financial Group lifted their target price on shares of Nextpower from $84.00 to $104.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.76.

Insider Buying and Selling

In other news, CFO Charles D. Boynton sold 4,500 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $67.21, for a total value of $302,445.00. Following the sale, the chief financial officer owned 295,059 shares in the company, valued at $19,830,915.39. This represents a 1.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO David P. Bennett sold 33,725 shares of Nextpower stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $88.08, for a total value of $2,970,498.00. Following the transaction, the chief accounting officer owned 130,967 shares of the company’s stock, valued at approximately $11,535,573.36. This represents a 20.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 101,185 shares of company stock valued at $8,940,699 in the last 90 days. 0.56% of the stock is currently owned by insiders.

Nextpower Trading Down 7.1%

Shares of NASDAQ:NXT opened at $86.75 on Friday. Nextpower Inc. has a twelve month low of $33.29 and a twelve month high of $112.74. The company has a market cap of $12.87 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 3.24 and a beta of 2.35. The company’s 50 day moving average is $91.89 and its 200 day moving average is $73.13.

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

Nextpower 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.