The Manufacturers Life Insurance Company Sells 34,378 Shares of Nextpower Inc. $NXT

The Manufacturers Life Insurance Company decreased its stake in Nextpower Inc. (NASDAQ:NXT) by 23.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 112,692 shares of the company’s stock after selling 34,378 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Nextpower were worth $13,585,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Quantinno Capital Management LP increased its holdings in shares of Nextpower by 30.0% during the first quarter. Quantinno Capital Management LP now owns 19,826 shares of the company’s stock worth $2,390,000 after buying an additional 4,577 shares in the last quarter. SummitTX Capital L.P. acquired a new stake in shares of Nextpower during the 1st quarter valued at $503,000. Lazard Asset Management LLC grew its position in Nextpower by 22.3% during the 1st quarter. Lazard Asset Management LLC now owns 34,353 shares of the company’s stock worth $4,141,000 after acquiring an additional 6,272 shares during the last quarter. Castleark Management LLC increased its holdings in Nextpower by 8.1% in the 1st quarter. Castleark Management LLC now owns 114,074 shares of the company’s stock worth $13,752,000 after purchasing an additional 8,590 shares in the last quarter. Finally, Gateway Wealth Partners LLC acquired a new position in Nextpower in the 1st quarter worth about $412,000. Institutional investors and hedge funds own 67.41% of the company’s stock.

Nextpower Stock Performance

NXT stock opened at $89.87 on Monday. The firm has a market cap of $13.50 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 1.79 and a beta of 1.95. The stock has a 50-day moving average price of $117.50 and a 200-day moving average price of $116.40. Nextpower Inc. has a 1-year low of $52.61 and a 1-year high of $163.13.

Nextpower (NASDAQ:NXT) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.15. Nextpower had a net margin of 16.36% and a return on equity of 26.29%. The firm had revenue of $935.17 million during the quarter, compared to the consensus estimate of $935.39 million. On average, analysts forecast that Nextpower Inc. will post 3.73 earnings per share for the current year.

Insiders Place Their Bets

In other Nextpower news, COO Nicholas Marco Miller sold 24,511 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief operating officer owned 221,533 shares of the company’s stock, valued at approximately $28,205,581.56. This trade represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Charles D. Boynton sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $151.79, for a total value of $683,055.00. Following the sale, the chief financial officer owned 358,500 shares of the company’s stock, valued at approximately $54,416,715. This represents a 1.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 168,574 shares of company stock valued at $22,559,770. 0.84% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. The Goldman Sachs Group reissued a “buy” rating and set a $168.00 price target on shares of Nextpower in a research note on Wednesday, July 1st. Wells Fargo & Company upped their price objective on Nextpower from $143.00 to $151.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Guggenheim upgraded shares of Nextpower from a “neutral” rating to a “buy” rating and set a $125.00 price objective for the company in a report on Wednesday, July 15th. Citigroup lifted their target price on shares of Nextpower from $114.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, Glj Research boosted their target price on shares of Nextpower from $147.00 to $149.44 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Nextpower currently has a consensus rating of “Moderate Buy” and an average target price of $148.42.

Key Headlines Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Profitability and cash flow improved. Nextpower reported Q1 FY2027 revenue of approximately $935 million, up 8.2% year over year, while gross profit increased 19.2% to $335.9 million. Operating cash flow rose 48.9% to $121.1 million, and the company ended the quarter with $1.2 billion in cash. Adjusted EPS of $1.20 exceeded the $1.05 consensus estimate, although reported GAAP diluted EPS was $1.07. Nextpower Reports Q1 Fiscal Year 2027 Financial Results
• Positive Sentiment: Outlook and strategic expansion provided support. Nextpower posted record fiscal-year revenue of $3.56 billion and raised its 2027 outlook. It also completed the acquisition of Zigor’s power-conversion assets and Apex Power, expanding its inverter and energy-storage offerings while accelerating U.S. manufacturing. Nextpower posts record FY26 revenue and raises 2027 outlook Nextpower Completes Acquisition of Power Conversion Assets
• Neutral Sentiment: Analysts remain broadly bullish, but targets were trimmed. Truist raised its target to $145, while RBC, JPMorgan and Susquehanna lowered targets to $147, $152 and $157, respectively. Each firm maintained a positive rating, leaving targets well above the current trading level but signaling somewhat reduced expectations.
• Neutral Sentiment: Options-market activity is drawing attention, but it does not establish a clear direction for NXT shares. Is the Options Market Predicting a Spike in Nextpower Stock?
• Negative Sentiment: Investors questioned the quality and durability of reported earnings. One analysis argued that more than $100 million in subsidies and over $100 million in annual stock-based compensation inflate headline profitability, while revenue growth could slow to below 5% by 2026. The company’s dependence on subsidies also limits organic expansion outside the United States. Nextpower: Correctly Estimating The Impact Of Risk
• Negative Sentiment: Recent insider-trading data showed 24 open-market sales and no purchases over six months, including sales by senior executives. That pattern may reinforce caution among investors.

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.