Nextpower (NASDAQ:NXT) Given New $157.00 Price Target at Susquehanna

Nextpower (NASDAQ:NXT) had its price target cut by equities research analysts at Susquehanna from $168.00 to $157.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price target would suggest a potential upside of 62.02% from the company’s current price.

NXT has been the topic of a number of other reports. Citigroup increased their price target on Nextpower from $114.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Mizuho increased their target price on Nextpower from $130.00 to $142.00 and gave the stock a “neutral” rating in a report on Monday, June 8th. Needham & Company LLC restated a “buy” rating and issued a $149.00 target price on shares of Nextpower in a research note on Friday, May 29th. KeyCorp lifted their price target on Nextpower from $152.00 to $164.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $140.00 price target on shares of Nextpower in a research report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $151.26.

Nextpower Stock Up 4.6%

NASDAQ:NXT opened at $96.90 on Friday. The firm has a market cap of $14.56 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 1.85 and a beta of 1.86. Nextpower has a 12 month low of $52.61 and a 12 month high of $163.13. The company’s 50-day moving average price is $118.31 and its two-hundred day moving average price is $116.47.

Nextpower (NASDAQ:NXT) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.15. The firm had revenue of $935.17 million for the quarter, compared to analysts’ expectations of $935.39 million. Nextpower had a net margin of 16.46% and a return on equity of 28.18%. On average, research analysts expect that Nextpower will post 3.73 EPS for the current fiscal year.

Insider Activity

In other news, CFO Charles D. Boynton sold 4,500 shares of Nextpower stock in a transaction on Monday, June 1st. The stock was sold at an average price of $151.79, for a total value of $683,055.00. Following the completion of the sale, the chief financial officer directly owned 358,500 shares of the company’s stock, valued at approximately $54,416,715. This trade represents a 1.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Nicholas Marco Miller sold 24,511 shares of Nextpower stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $127.32, for a total value of $3,120,740.52. Following the completion of the sale, the chief operating officer directly owned 221,533 shares of the company’s stock, valued at $28,205,581.56. This trade represents a 9.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 168,574 shares of company stock worth $22,559,770. 0.84% of the stock is owned by company insiders.

Hedge Funds Weigh In On Nextpower

Large investors have recently made changes to their positions in the company. Jupiter Asset Management Ltd. raised its holdings in shares of Nextpower by 0.3% in the 4th quarter. Jupiter Asset Management Ltd. now owns 26,706 shares of the company’s stock valued at $2,326,000 after purchasing an additional 86 shares during the period. Root Financial Partners LLC increased its position in Nextpower by 30.0% during the first quarter. Root Financial Partners LLC now owns 446 shares of the company’s stock worth $54,000 after buying an additional 103 shares during the last quarter. Signature Equity Partners LLC raised its stake in Nextpower by 76.4% in the first quarter. Signature Equity Partners LLC now owns 261 shares of the company’s stock valued at $31,000 after buying an additional 113 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Nextpower by 2.0% in the first quarter. Janney Montgomery Scott LLC now owns 5,963 shares of the company’s stock valued at $719,000 after buying an additional 119 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Nextpower by 4.1% during the 4th quarter. Signaturefd LLC now owns 3,216 shares of the company’s stock worth $280,000 after acquiring an additional 126 shares during the period. Institutional investors and hedge funds own 67.41% of the company’s stock.

Nextpower News Roundup

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower reported adjusted earnings of $1.20 per share, above the $1.05 consensus estimate and up from $1.16 a year earlier. GAAP diluted EPS was $1.07, compared with $1.04 in the prior-year quarter. Nextpower Q1 earnings and revenues surpass estimates
• Positive Sentiment: Revenue increased 8.2% year over year to approximately $935 million, while gross profit rose 19.2% to $336 million. Gross margin expanded to 35.9% from 32.6%, supporting the bullish reaction. Nextpower reports Q1 fiscal year 2027 financial results
• Positive Sentiment: Operating cash flow jumped 48.9% to $121.1 million, and cash and equivalents reached roughly $1.2 billion. The strong balance sheet and relatively limited capital spending improve financial flexibility. Nextpower earnings, revenue growth and higher cash flow
• Positive Sentiment: The completed acquisition of Zigor Corporation’s power-conversion assets and Apex Power is expected to broaden Nextpower’s inverter and energy-storage technology platform and accelerate U.S. manufacturing. Nextpower completes power conversion acquisition
• Neutral Sentiment: Analyst sentiment remains favorable, with Roth Capital reiterating a Buy rating and recent price targets well above the current market level. However, targets may not immediately reflect the quarter’s modest revenue growth. Roth Capital reiterates Buy rating
• Negative Sentiment: Revenue of $935.2 million narrowly missed the approximately $935.4 million consensus estimate, indicating that the earnings beat was driven more by profitability than stronger-than-expected sales. Nextpower misses sales expectations
• Negative Sentiment: Investors should also note valuation and governance risks: the stock remains well below its 50-day and 200-day moving averages, while reported insider activity showed 24 sales and no purchases over the past six months.

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.