Meitav Investment House Ltd. Makes New $614,000 Investment in Nextpower Inc. $NXT

Meitav Investment House Ltd. acquired a new stake in shares of Nextpower Inc. (NASDAQ:NXT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,300 shares of the company’s stock, valued at approximately $614,000.

Other institutional investors have also made changes to their positions in the company. Natural Investments LLC boosted its position in Nextpower by 0.9% during the third quarter. Natural Investments LLC now owns 16,750 shares of the company’s stock worth $1,239,000 after purchasing an additional 155 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Nextpower by 8.3% in the third quarter. Farther Finance Advisors LLC now owns 2,585 shares of the company’s stock worth $191,000 after buying an additional 198 shares during the last quarter. State of Michigan Retirement System boosted its holdings in shares of Nextpower by 0.6% during the 2nd quarter. State of Michigan Retirement System now owns 34,600 shares of the company’s stock worth $1,881,000 after buying an additional 200 shares during the period. Redwood Investment Management LLC boosted its holdings in shares of Nextpower by 4.1% during the 2nd quarter. Redwood Investment Management LLC now owns 5,177 shares of the company’s stock worth $281,000 after buying an additional 204 shares during the period. Finally, Securian Asset Management Inc. grew its stake in Nextpower by 2.1% in the 3rd quarter. Securian Asset Management Inc. now owns 11,081 shares of the company’s stock valued at $820,000 after buying an additional 223 shares during the last quarter. 67.41% of the stock is owned by institutional investors.

Insider Buying and Selling at Nextpower

In related news, CEO Daniel S. Shugar sold 47,743 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $91.28, for a total value of $4,357,981.04. Following the sale, the chief executive officer owned 624,882 shares of the company’s stock, valued at $57,039,228.96. The trade was a 7.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William D. Watkins sold 10,000 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $91.85, for a total transaction of $918,500.00. Following the completion of the transaction, the director directly owned 16,777 shares of the company’s stock, valued at $1,540,967.45. This trade represents a 37.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 91,468 shares of company stock valued at $8,246,979 in the last 90 days. 0.56% of the stock is currently owned by company insiders.

Nextpower Stock Down 2.3%

Shares of NXT opened at $96.36 on Monday. The stock’s 50-day moving average price is $91.04 and its 200 day moving average price is $79.18. The firm has a market capitalization of $14.30 billion, a price-to-earnings ratio of 25.03, a P/E/G ratio of 3.33 and a beta of 2.38. Nextpower Inc. has a 12-month low of $36.06 and a 12-month high of $112.74.

Nextpower (NASDAQ:NXT) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.21. The company had revenue of $905.27 million for the quarter, compared to analyst estimates of $839.53 million. Nextpower had a return on equity of 35.05% and a net margin of 17.08%.Nextpower has set its FY 2026 guidance at 4.040-4.250 EPS. Equities research analysts expect that Nextpower Inc. will post 3.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NXT. Bank of America boosted their target price on shares of Nextpower from $94.00 to $102.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Robert W. Baird set a $100.00 price objective on Nextpower in a research report on Friday, October 31st. TD Cowen increased their target price on Nextpower from $65.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, October 24th. Guggenheim set a $74.00 price target on Nextpower in a research report on Wednesday, October 22nd. Finally, Roth Capital reiterated a “buy” rating and set a $120.00 price target on shares of Nextpower in a report on Thursday, November 13th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $98.57.

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.