Nextpower (NASDAQ:NXT) Price Target Raised to $155.00

Nextpower (NASDAQ:NXT) had its price objective increased by JPMorgan Chase & Co. from $125.00 to $155.00 in a report released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

NXT has been the topic of several other reports. Wall Street Zen lowered shares of Nextpower from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Nextpower in a report on Friday, March 27th. Loop Capital set a $135.00 price target on shares of Nextpower in a report on Wednesday. Susquehanna lifted their price target on shares of Nextpower from $136.00 to $161.00 and gave the company a “positive” rating in a report on Wednesday. Finally, Barclays lifted their price target on shares of Nextpower from $115.00 to $123.00 and gave the company an “overweight” rating in a report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $135.71.

Nextpower Stock Up 1.1%

NXT stock opened at $144.29 on Wednesday. Nextpower has a 12 month low of $51.69 and a 12 month high of $156.78. The firm has a market cap of $21.42 billion, a P/E ratio of 37.67, a P/E/G ratio of 6.84 and a beta of 1.60. The company’s 50-day moving average price is $117.98 and its two-hundred day moving average price is $106.30.

Nextpower (NASDAQ:NXT) last released its earnings results on Tuesday, May 12th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.89 by $0.16. Nextpower had a net margin of 16.46% and a return on equity of 28.18%. 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. Equities analysts predict that Nextpower will post 3.8 EPS for the current year.

Insider Activity

In other news, CEO Daniel S. Shugar sold 59,456 shares of the business’s stock in a transaction that occurred 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 owned 746,339 shares in the company, valued at approximately $78,492,472.63. The trade was a 7.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its stake in Nextpower by 107.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 299 shares of the company’s stock valued at $26,000 after purchasing an additional 155 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Nextpower by 268.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 306 shares of the company’s stock valued at $28,000 after purchasing an additional 223 shares in the last quarter. Signature Equity Partners LLC increased its stake in Nextpower by 76.4% during the 1st quarter. Signature Equity Partners LLC now owns 261 shares of the company’s stock valued at $31,000 after purchasing an additional 113 shares in the last quarter. Huntington National Bank increased its holdings in Nextpower by 480.3% during the 4th quarter. Huntington National Bank now owns 383 shares of the company’s stock worth $33,000 after purchasing an additional 317 shares in the last quarter. Finally, Foster Dykema Cabot & Partners LLC bought a new stake in Nextpower during the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 67.41% of the company’s stock.

Key Stories Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower beat EPS estimates by 6.2%, reinforcing the view that demand and profitability are holding up better than expected. Analysts are now updating their forecasts and outlooks after the latest results. Nextpower Inc. Just Beat EPS By 6.2%: Here’s What Analysts Think Will Happen Next
• Positive Sentiment: Management’s Q4 earnings call highlighted strong yearly growth, while the company’s recent beat-and-raise results and backlog support the bullish case for continued expansion. Nextpower Inc (NXT) Q4 2026 Earnings Call Highlights: Strong Yearly Growth Amidst Short-Term …
• Positive Sentiment: Nextpower agreed to buy Zigor assets, expanding into storage and data centers, which could open new revenue streams and strengthen its long-term growth profile. Nextpower Buys Zigor Assets To Expand Into Storage And Data Centers
• Positive Sentiment: Several firms raised price targets or issued constructive forecasts, including Mizuho, TD Cowen, BMO Capital Markets, Susquehanna, and JPMorgan, which is helping fuel investor optimism. Nextpower (NASDAQ:NXT) Given New $135.00 Price Target at TD Cowen
• Neutral Sentiment: One market note says the stock may be getting ahead of fundamentals after a massive run since late 2024, suggesting the shares could be overvalued even though the long-term outlook remains positive. Nextpower: Mind The Hype As Its Apex Acquisition Locks It Into Data Center Growth
• Neutral Sentiment: Mizuho raised its price target but kept a neutral rating, implying some upside is already priced in at current levels. Mizuho price target change

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.