Villanova Investment Management Co LLC Buys 7,880 Shares of Nextpower Inc. $NXT

Villanova Investment Management Co LLC lifted its stake in shares of Nextpower Inc. (NASDAQ:NXT) by 69.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,207 shares of the company’s stock after buying an additional 7,880 shares during the quarter. Villanova Investment Management Co LLC’s holdings in Nextpower were worth $1,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. State of Michigan Retirement System lifted its holdings in Nextpower by 0.6% in the second 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. Flputnam Investment Management Co. raised its position in shares of Nextpower by 2.4% in the 1st quarter. Flputnam Investment Management Co. now owns 8,621 shares of the company’s stock worth $363,000 after acquiring an additional 201 shares in the last quarter. Boston Partners lifted its stake in shares of Nextpower by 2.7% in the 1st quarter. Boston Partners now owns 10,494 shares of the company’s stock valued at $442,000 after purchasing an additional 280 shares during the period. Cullen Frost Bankers Inc. boosted its position in shares of Nextpower by 122.3% during the second quarter. Cullen Frost Bankers Inc. now owns 589 shares of the company’s stock valued at $32,000 after purchasing an additional 324 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of Nextpower by 2.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,013 shares of the company’s stock valued at $872,000 after purchasing an additional 400 shares in the last quarter. 67.41% of the stock is owned by institutional investors.

Insider Activity

In other Nextpower news, CFO Charles D. Boynton sold 4,500 shares of Nextpower stock in a transaction on Monday, September 15th. The stock was sold at an average price of $67.21, for a total value of $302,445.00. Following the completion of the sale, the chief financial officer owned 295,059 shares of the company’s stock, valued at approximately $19,830,915.39. This trade represents a 1.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Daniel S. Shugar sold 47,743 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer directly owned 624,882 shares in the company, valued at approximately $57,039,228.96. The trade was a 7.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 67,460 shares of company stock valued at $5,970,201 in the last quarter. Insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NXT shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Nextpower in a report on Monday, December 1st. Needham & Company LLC assumed coverage on shares of Nextpower in a research note on Wednesday, October 22nd. They issued a “buy” rating and a $102.00 price target for the company. TD Cowen lifted their price target on shares of Nextpower from $65.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, October 24th. BMO Capital Markets upped their price objective on shares of Nextpower from $89.00 to $93.00 and gave the stock a “market perform” rating in a report on Friday, October 24th. Finally, Robert W. Baird set a $100.00 target price on shares of Nextpower in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $95.76.

Nextpower Stock Performance

Shares of NXT stock opened at $90.58 on Monday. The company has a market capitalization of $13.44 billion, a price-to-earnings ratio of 23.53, a price-to-earnings-growth ratio of 3.14 and a beta of 2.35. Nextpower Inc. has a one year low of $33.29 and a one year high of $112.74. The company’s 50-day moving average is $90.58 and its 200 day moving average is $72.19.

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

Nextpower Profile

Nextpower, formerly known as Nextracker, an energy solutions company, provides solar trackers and software solutions for utility-scale and distributed generation solar projects in the United States and internationally. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain.