Charles Boynton Sells 4,500 Shares of Nextpower (NASDAQ:NXT) Stock

Nextpower Inc. (NASDAQ:NXT) CFO Charles Boynton sold 4,500 shares of the business’s 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 transaction, the chief financial officer directly owned 358,500 shares of the company’s stock, valued at approximately $54,416,715. The trade was a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nextpower Trading Down 3.8%

NXT opened at $146.47 on Thursday. The firm has a market cap of $22.01 billion, a price-to-earnings ratio of 38.24, a PEG ratio of 3.63 and a beta of 1.73. Nextpower Inc. has a 12 month low of $51.69 and a 12 month high of $163.13. The stock has a fifty day moving average price of $123.76 and a 200-day moving average price of $109.53.

Nextpower (NASDAQ:NXT) last released its quarterly earnings results on Tuesday, May 12th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.89 by $0.16. The firm had revenue of $880.52 million during the quarter, compared to analyst estimates 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. On average, equities research analysts forecast that Nextpower Inc. will post 3.67 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Royal Bank Of Canada boosted their price target on Nextpower from $146.00 to $149.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Weiss Ratings upgraded Nextpower from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 20th. Susquehanna boosted their target price on Nextpower from $161.00 to $180.00 and gave the stock a “positive” rating in a research note on Monday. Wall Street Zen downgraded Nextpower from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Citigroup boosted their target price on Nextpower from $114.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Twenty investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Nextpower currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.27.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jupiter Asset Management Ltd. raised its holdings in Nextpower by 0.3% in the 4th quarter. Jupiter Asset Management Ltd. now owns 26,706 shares of the company’s stock worth $2,326,000 after purchasing an additional 86 shares during the period. Root Financial Partners LLC raised its holdings in Nextpower by 30.0% in the 1st quarter. Root Financial Partners LLC now owns 446 shares of the company’s stock worth $54,000 after purchasing an additional 103 shares during the period. Signature Equity Partners LLC raised its holdings in Nextpower by 76.4% in the 1st quarter. Signature Equity Partners LLC now owns 261 shares of the company’s stock worth $31,000 after purchasing an additional 113 shares during the period. Janney Montgomery Scott LLC raised its holdings in Nextpower by 2.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 5,963 shares of the company’s stock worth $719,000 after purchasing an additional 119 shares during the period. Finally, Signaturefd LLC raised its holdings in Nextpower by 4.1% in the 4th quarter. Signaturefd LLC now owns 3,216 shares of the company’s stock worth $280,000 after purchasing an additional 126 shares during the period. 67.41% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Glj Research raised its price target on Nextpower to $149.44 and kept a buy rating, reinforcing bullish sentiment on the stock. Benzinga
• Positive Sentiment: Northland Securities lifted multiple EPS estimates for Nextpower and maintained an Outperform rating with a $162 target, signaling confidence in longer-term earnings growth.
• Neutral Sentiment: Nextpower’s lawsuit against GameChange could strengthen its intellectual property position, but it also introduces a legal fight that may take time to resolve. PV Tech
• Negative Sentiment: COO Nicholas Marco Miller and CFO Charles D. Boynton sold shares, which can temper investor enthusiasm even though both trades were made under pre-arranged plans.

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.