Nextpower Inc. (NASDAQ:NXT) Receives $136.54 Average PT from Analysts

Shares of Nextpower Inc. (NASDAQ:NXT) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-four ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, eighteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $136.5361.

A number of equities analysts have recently weighed in on NXT shares. Roth Mkm reaffirmed a “buy” rating and issued a $155.00 price target on shares of Nextpower in a research note on Wednesday, May 13th. The Goldman Sachs Group set a $140.00 price target on shares of Nextpower and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Wells Fargo & Company upped their price target on shares of Nextpower from $127.00 to $143.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Barclays upped their price target on shares of Nextpower from $123.00 to $142.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Finally, Glj Research reaffirmed a “buy” rating and issued a $147.33 price target on shares of Nextpower in a research note on Monday, March 16th.

Key Headlines Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower announced a definitive agreement to acquire Prevalon Energy for up to $365 million, a move that expands its platform into battery storage and AI data center opportunities and could broaden its addressable market. Business Wire article
• Positive Sentiment: The company increased its fiscal 2027 outlook alongside the deal, signaling management confidence that the acquisition will support stronger longer-term earnings power. Business Wire article
• Neutral Sentiment: Recent insider sales by executives, including President Howard Wenger and insider Bruce Ledesma, were disclosed as pre-planned transactions tied to tax withholding on equity awards, which usually draws attention but does not necessarily indicate a negative operational change.
• Neutral Sentiment: Analyst commentary remains broadly supportive, with multiple firms maintaining buy-like ratings and several price target increases, reinforcing a constructive longer-term sentiment backdrop.

Nextpower Stock Up 1.0%

Shares of NASDAQ:NXT opened at $137.17 on Friday. The company’s fifty day moving average is $121.07 and its two-hundred day moving average is $108.11. Nextpower has a 12-month low of $51.69 and a 12-month high of $156.78. The company has a market cap of $20.37 billion, a P/E ratio of 35.81, a price-to-earnings-growth ratio of 3.34 and a beta of 1.60.

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

Insider Activity at Nextpower

In other news, CEO Daniel S. Shugar sold 59,456 shares of the company’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 transaction, the chief executive officer directly owned 746,339 shares of the company’s stock, valued at approximately $78,492,472.63. This represents a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Howard Wenger sold 62,670 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $130.25, for a total transaction of $8,162,767.50. Following the transaction, the president directly owned 426,467 shares in the company, valued at $55,547,326.75. The trade was a 12.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Over the last ninety days, insiders sold 240,995 shares of company stock valued at $28,661,778. 0.56% of the stock is owned by insiders.

Hedge Funds Weigh In On Nextpower

Hedge funds have recently bought and sold shares of the business. Westfield Capital Management Co. LP increased its position in Nextpower by 6.1% during the third quarter. Westfield Capital Management Co. LP now owns 1,398,057 shares of the company’s stock worth $103,442,000 after buying an additional 80,493 shares during the last quarter. New York Life Investment Management LLC bought a new stake in shares of Nextpower during the 3rd quarter worth $1,008,000. Belpointe Asset Management LLC bought a new stake in shares of Nextpower during the 3rd quarter worth $832,000. Strs Ohio boosted its holdings in shares of Nextpower by 219.8% during the 3rd quarter. Strs Ohio now owns 110,000 shares of the company’s stock worth $8,139,000 after buying an additional 75,600 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Nextpower by 23.4% during the 3rd quarter. American Century Companies Inc. now owns 675,886 shares of the company’s stock worth $50,009,000 after buying an additional 128,296 shares during the period. 67.41% of the stock is owned by institutional investors and hedge funds.

About Nextpower

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.