Williamson Legacy Group LLC Acquires Shares of 15,256 Nextpower Inc. $NXT

Williamson Legacy Group LLC bought a new position in shares of Nextpower Inc. (NASDAQ:NXT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 15,256 shares of the company’s stock, valued at approximately $1,329,000.

A number of other large investors also recently made changes to their positions in NXT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Nextpower by 19.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 437,490 shares of the company’s stock worth $18,436,000 after purchasing an additional 71,842 shares during the period. M&T Bank Corp bought a new position in shares of Nextpower during the second quarter worth approximately $223,000. EverSource Wealth Advisors LLC increased its stake in shares of Nextpower by 179.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company’s stock worth $61,000 after purchasing an additional 724 shares during the period. Cerity Partners LLC increased its stake in shares of Nextpower by 154.0% during the second quarter. Cerity Partners LLC now owns 18,539 shares of the company’s stock worth $1,008,000 after purchasing an additional 11,239 shares during the period. Finally, California Public Employees Retirement System increased its stake in shares of Nextpower by 36.5% during the second quarter. California Public Employees Retirement System now owns 222,960 shares of the company’s stock worth $12,122,000 after purchasing an additional 59,573 shares during the period. Institutional investors own 67.41% of the company’s stock.

Analysts Set New Price Targets

NXT has been the topic of a number of recent research reports. KeyCorp reiterated an “overweight” rating on shares of Nextpower in a research note on Friday, March 13th. Wall Street Zen lowered Nextpower from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. UBS Group increased their target price on Nextpower from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Loop Capital set a $135.00 target price on Nextpower in a research note on Wednesday, May 13th. Finally, Glj Research restated a “buy” rating and set a $147.33 price objective on shares of Nextpower in a research note on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nextpower presently has an average rating of “Moderate Buy” and a consensus price target of $136.54.

Insiders Place Their Bets

In other Nextpower news, President Howard Wenger sold 16,090 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $127.32, for a total transaction of $2,048,578.80. Following the transaction, the president owned 508,582 shares in the company, valued at $64,752,660.24. This trade represents a 3.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Daniel S. Shugar sold 59,456 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer directly owned 746,339 shares in the company, valued at approximately $78,492,472.63. This represents a 7.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 149,000 shares of company stock worth $16,548,347 in the last 90 days. Company insiders own 0.56% of the company’s stock.

Nextpower Price Performance

Nextpower stock opened at $131.21 on Wednesday. The stock’s fifty day moving average price is $120.41 and its two-hundred day moving average price is $107.67. Nextpower Inc. has a one year low of $51.69 and a one year high of $156.78. The firm has a market cap of $19.48 billion, a PE ratio of 34.26, a price-to-earnings-growth ratio of 3.21 and a beta of 1.60.

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

Nextpower Company 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.