Insider Selling: Nextpower (NASDAQ:NXT) Insider Sells $437,570.56 in Stock

Nextpower Inc. (NASDAQ:NXT) insider Bruce Ledesma sold 3,248 shares of Nextpower stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $134.72, for a total value of $437,570.56. Following the sale, the insider directly owned 246,130 shares in the company, valued at $33,158,633.60. This trade represents a 1.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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.

Nextpower Trading Up 14.0%

Shares of NXT opened at $156.40 on Friday. The business’s 50 day moving average is $121.89 and its 200 day moving average is $108.44. The company has a market capitalization of $23.22 billion, a PE ratio of 40.84, a price-to-earnings-growth ratio of 3.42 and a beta of 1.60. Nextpower Inc. has a 12-month low of $51.69 and a 12-month high of $163.13.

Nextpower (NASDAQ:NXT) last issued its earnings results on Tuesday, May 12th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.16. The company had revenue of $880.52 million for the quarter, compared to the consensus estimate of $826.26 million. Nextpower had a return on equity of 28.18% and a net margin of 16.46%.Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. Equities research analysts predict that Nextpower Inc. will post 3.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

NXT has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on Nextpower from $143.00 to $151.00 and gave the company an “overweight” rating in a research note on Friday. TD Cowen lifted their target price on Nextpower from $105.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, May 13th. KeyCorp lifted their target price on Nextpower from $152.00 to $164.00 and gave the company an “overweight” rating in a research note on Friday. UBS Group restated a “buy” rating and set a $170.00 price target on shares of Nextpower in a report on Friday. Finally, JPMorgan Chase & Co. raised their price target on Nextpower from $155.00 to $174.00 and gave the company an “overweight” rating in a report on Friday. Twenty research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $146.39.

Key Stories Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower announced a definitive agreement to acquire Prevalon Energy, a move that opens a new battery energy storage and AI data center infrastructure growth channel and could broaden its total addressable market. Article: Nextpower Announces Entry into Battery Energy Storage (BESS) and AI Data Center Markets…
• Positive Sentiment: The company also raised its fiscal 2027 outlook, reinforcing confidence that the acquisition and related market expansion could accelerate future revenue and EBITDA growth. Article: A Green Energy Revival Is Under Way. Nextpower Is Leading the Charge.
• Positive Sentiment: Several analysts turned more constructive, with multiple firms raising price targets and reiterating overweight/buy ratings, including JPMorgan, KeyCorp, BNP Paribas Exane, and Wells Fargo. Article: Analyst price target updates on Nextpower
• Neutral Sentiment: Insider sales by executives were disclosed, but they were described as pre-arranged 10b5-1 transactions and tax-withholding sales tied to equity vesting, which makes them less likely to be read as a negative operating signal. Article: Daniel Shugar Sells 26,077 Shares of Nextpower (NASDAQ:NXT) Stock

Hedge Funds Weigh In On Nextpower

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in 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 in the last quarter. State Street Corp grew its holdings in 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 in the last quarter. Geode Capital Management LLC grew its holdings in Nextpower by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 4,021,741 shares of the company’s stock valued at $350,385,000 after buying an additional 236,593 shares in the last quarter. Invesco Ltd. grew its holdings in Nextpower by 5.1% during the 4th quarter. Invesco Ltd. now owns 2,864,660 shares of the company’s stock valued at $249,541,000 after buying an additional 139,211 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Nextpower by 4.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,429,410 shares of the company’s stock valued at $211,627,000 after buying an additional 111,782 shares in the last quarter. Hedge funds and other institutional investors own 67.41% of the company’s stock.

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.