Nextpower Inc. $NXT Stock Position Raised by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Nextpower Inc. (NASDAQ:NXT) by 27,409.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 136,170 shares of the company’s stock after buying an additional 135,675 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Nextpower were worth $11,862,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Nextpower by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 14,167,845 shares of the company’s stock valued at $1,048,279,000 after buying an additional 283,981 shares during the last quarter. State Street Corp grew its position in shares of Nextpower by 0.6% during the 3rd quarter. State Street Corp now owns 5,391,696 shares of the company’s stock valued at $398,932,000 after buying an additional 31,689 shares during the last quarter. Invesco Ltd. grew its position in shares of Nextpower by 9.9% during the 3rd quarter. Invesco Ltd. now owns 2,725,449 shares of the company’s stock valued at $201,656,000 after buying an additional 245,412 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Nextpower by 2.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,357,523 shares of the company’s stock valued at $174,459,000 after buying an additional 67,362 shares during the last quarter. Finally, Amundi boosted its position in Nextpower by 156.1% during the 3rd quarter. Amundi now owns 2,111,628 shares of the company’s stock valued at $161,600,000 after purchasing an additional 1,287,071 shares during the period. Institutional investors own 67.41% of the company’s stock.

Analyst Ratings Changes

NXT has been the subject of a number of analyst reports. Susquehanna boosted their price objective on Nextpower from $136.00 to $161.00 and gave the company a “positive” rating in a research report on Wednesday, May 13th. Wells Fargo & Company boosted their price objective on Nextpower from $127.00 to $143.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Robert W. Baird boosted their price objective on Nextpower from $133.00 to $156.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. BNP Paribas Exane boosted their price objective on Nextpower from $145.00 to $177.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Finally, UBS Group boosted their price objective on Nextpower from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Nextpower currently has a consensus rating of “Moderate Buy” and an average price target of $136.54.

Insider Buying and Selling

In other Nextpower news, CEO Daniel S. Shugar sold 59,456 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $105.17, for a total value of $6,252,987.52. Following the completion of the transaction, the chief executive officer owned 746,339 shares in the company, valued at approximately $78,492,472.63. This represents a 7.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.56% of the company’s stock.

Nextpower Trading Down 3.5%

NASDAQ NXT opened at $121.02 on Friday. Nextpower Inc. has a 52 week low of $51.69 and a 52 week high of $156.78. The stock has a market cap of $17.97 billion, a price-to-earnings ratio of 31.60, a price-to-earnings-growth ratio of 3.09 and a beta of 1.60. The company has a 50-day moving average price of $119.61 and a two-hundred day moving average price of $107.11.

Nextpower (NASDAQ:NXT) last posted its earnings results on Tuesday, May 12th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.89 by $0.16. Nextpower had a net margin of 16.46% and a return on equity of 28.18%. The firm had revenue of $880.52 million during the quarter, compared to analysts’ expectations of $826.26 million. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. As a group, equities research analysts expect that Nextpower Inc. will post 3.76 earnings per share for the current fiscal year.

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.