Osbon Capital Management LLC Buys Shares of 4,526 Nextpower Inc. $NXT

Osbon Capital Management LLC bought a new stake in Nextpower Inc. (NASDAQ:NXT) during the 4th quarter, Holdings Channel reports. The fund bought 4,526 shares of the company’s stock, valued at approximately $394,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its stake in shares of Nextpower by 107.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 299 shares of the company’s stock valued at $26,000 after acquiring an additional 155 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted 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 worth $28,000 after acquiring an additional 223 shares during the last quarter. Huntington National Bank boosted its stake 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 acquiring an additional 317 shares during the last quarter. Baillie Gifford & Co. boosted its stake in Nextpower by 76.5% during the 4th quarter. Baillie Gifford & Co. now owns 420 shares of the company’s stock worth $37,000 after acquiring an additional 182 shares during the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new position in Nextpower during the fourth quarter valued at approximately $39,000. Institutional investors own 67.41% of the company’s stock.

Insider Activity

In other Nextpower news, COO Nicholas Marco Miller sold 24,511 shares of Nextpower stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $127.32, for a total value of $3,120,740.52. Following the sale, the chief operating officer owned 221,533 shares of the company’s stock, valued at $28,205,581.56. This trade represents a 9.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Daniel S. Shugar sold 26,077 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $134.72, for a total value of $3,513,093.44. Following the completion of the sale, the chief executive officer owned 931,419 shares in the company, valued at approximately $125,480,767.68. This trade represents a 2.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last 90 days, insiders have sold 168,574 shares of company stock worth $22,559,770. 0.56% of the stock is currently owned by insiders.

Nextpower Price Performance

Nextpower stock opened at $125.90 on Friday. The stock has a market capitalization of $18.92 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 2.98 and a beta of 1.73. Nextpower Inc. has a twelve month low of $51.69 and a twelve month high of $163.13. The company has a 50 day moving average of $125.73 and a 200-day moving average of $112.40.

Nextpower (NASDAQ:NXT) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.16. The business had revenue of $880.52 million for the quarter, compared to analyst estimates of $826.26 million. Nextpower had a net margin of 16.46% and a return on equity of 28.18%. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. Equities analysts anticipate that Nextpower Inc. will post 3.69 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on NXT shares. Needham & Company LLC reiterated a “buy” rating and issued a $149.00 target price on shares of Nextpower in a report on Friday, May 29th. Mizuho boosted their price target on shares of Nextpower from $130.00 to $142.00 and gave the company a “neutral” rating in a report on Monday, June 8th. Loop Capital set a $135.00 price objective on shares of Nextpower in a research report on Wednesday, May 13th. Royal Bank Of Canada raised their price objective on Nextpower from $146.00 to $149.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Finally, Glj Research raised their price objective on Nextpower from $147.00 to $149.44 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Twenty research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $147.77.

Nextpower 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.