32,206 Shares in Nextpower Inc. $NXT Bought by Inspire Investing LLC

Inspire Investing LLC acquired a new stake in shares of Nextpower Inc. (NASDAQ:NXT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 32,206 shares of the company’s stock, valued at approximately $2,383,000.

Other hedge funds have also recently modified their holdings of the company. Bryce Point Capital LLC purchased a new position in shares of Nextpower in the second quarter valued at approximately $998,000. Ethic Inc. increased its position in shares of Nextpower by 65.1% during 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 in the last quarter. Bank of New York Mellon Corp raised its stake in Nextpower by 3.2% in the 2nd 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 during the last quarter. Hsbc Holdings PLC raised its stake in Nextpower by 323.7% in the 1st 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 during the last quarter. Finally, Moody National Bank Trust Division purchased a new position in Nextpower in the 3rd quarter valued at $1,278,000. Institutional investors and hedge funds own 67.41% of the company’s stock.

Nextpower Trading Up 0.1%

NASDAQ NXT opened at $91.17 on Thursday. The stock has a fifty day simple moving average of $92.77 and a 200-day simple moving average of $75.05. The stock has a market cap of $13.53 billion, a PE ratio of 23.68, a P/E/G ratio of 3.16 and a beta of 2.35. Nextpower Inc. has a twelve month low of $36.06 and a twelve month high of $112.74.

Nextpower (NASDAQ:NXT) last posted its 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 net margin of 17.08% and a return on equity of 35.05%. The company had revenue of $905.27 million for the quarter, compared to analysts’ expectations of $839.53 million. Nextpower has set its FY 2026 guidance at 4.040-4.250 EPS. Research analysts predict that Nextpower Inc. will post 3.29 EPS for the current year.

Insider Activity at Nextpower

In other Nextpower news, President Howard Wenger sold 5,217 shares of the business’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $75.00, for a total value of $391,275.00. Following the completion of the transaction, the president owned 409,039 shares in the company, valued at $30,677,925. The trade was a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO David P. Bennett sold 33,725 shares of the stock in a transaction 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 completion of the sale, the chief accounting officer owned 130,967 shares in the company, valued at approximately $11,535,573.36. The trade was a 20.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 96,685 shares of company stock worth $8,638,254. Company insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NXT shares. Citigroup raised shares of Nextpower from a “neutral” rating to a “buy” rating and upped their target price for the stock from $66.00 to $114.00 in a report on Tuesday, October 21st. Needham & Company LLC started coverage on shares of Nextpower in a research report on Wednesday, October 22nd. They set a “buy” rating and a $102.00 price target on the stock. UBS Group upped their price objective on shares of Nextpower to $125.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft set a $99.00 target price on shares of Nextpower and gave the stock a “buy” rating in a research note on Friday, October 24th. Finally, Wells Fargo & Company boosted their price objective on Nextpower from $72.00 to $109.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Nextpower has an average rating of “Moderate Buy” and an average target price of $95.76.

Nextpower 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.