Nextpower (NASDAQ:NXT) Reaches New 52-Week High on Analyst Upgrade

Nextpower Inc. (NASDAQ:NXT) reached a new 52-week high on Wednesday after Wells Fargo & Company raised their price target on the stock from $109.00 to $127.00. Wells Fargo & Company currently has an overweight rating on the stock. Nextpower traded as high as $118.40 and last traded at $123.1750, with a volume of 97495 shares trading hands. The stock had previously closed at $105.91.

A number of other equities analysts also recently issued reports on NXT. Barclays increased their price target on Nextpower from $105.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Roth Mkm reiterated a “buy” rating and issued a $120.00 target price on shares of Nextpower in a report on Thursday, November 13th. The Goldman Sachs Group upped their price objective on Nextpower from $89.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Deutsche Bank Aktiengesellschaft set a $99.00 target price on Nextpower and gave the company a “buy” rating in a research note on Friday, October 24th. Finally, Royal Bank Of Canada lifted their target price on Nextpower from $93.00 to $96.00 and gave the stock an “outperform” rating in a research report on Thursday, November 13th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $104.27.

Insiders Place Their Bets

In related news, CEO Daniel S. Shugar sold 47,743 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 624,882 shares in the company, valued at approximately $57,039,228.96. This trade represents a 7.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William D. Watkins sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $91.85, for a total value of $918,500.00. Following the sale, the director directly owned 16,777 shares of the company’s stock, valued at $1,540,967.45. This represents a 37.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 91,468 shares of company stock valued at $8,246,979 in the last 90 days. 0.56% of the stock is currently owned by insiders.

More Nextpower News

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Mgmt raised FY2026 guidance to $3.5B in revenue and $4.36 EPS and authorized a $500M share buyback, citing growth from a new joint venture and product innovation — a direct driver for higher valuation and buyback-driven EPS accretion. Read More.
• Positive Sentiment: Quarterly results beat estimates: EPS $1.10 vs. $0.93 expected and revenue $909.4M vs. $812.4M expected; healthy margins and strong ROE reported — earnings beat is a primary reason for the rally. Read More.
• Positive Sentiment: Commercial win: Nextpower Arabia (JV) will supply 2.25 GW of smart solar trackers to L&T for ACWA Power’s Bisha project in Saudi Arabia — a large, visible backlog driver for future revenue. Read More.
• Neutral Sentiment: TD Cowen raised its price target from $88 to $105 but maintained a “hold” rating — incremental analyst support but not a clear upgrade that would spur further buy-side conviction. Read More.
• Neutral Sentiment: Market momentum: Nextpower is highlighted in premarket/futures coverage as a leading gainer, which can amplify intraday moves but is not a fundamental change. Read More.
• Neutral Sentiment: Earnings call transcript and analyst coverage are now available — useful for details on margin sustainability, buyback timing, JV economics and backlog conversion; monitor guidance cadence and cadence of repurchases. Read More.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NXT. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of 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 buying an additional 223 shares in the last quarter. Baillie Gifford & Co. boosted its stake in shares of Nextpower by 76.5% in the 4th quarter. Baillie Gifford & Co. now owns 420 shares of the company’s stock valued at $37,000 after purchasing an additional 182 shares in the last quarter. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Nextpower in the 3rd quarter valued at approximately $36,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Nextpower by 511.1% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 495 shares of the company’s stock valued at $37,000 after purchasing an additional 414 shares during the last quarter. Finally, BOKF NA increased its position in Nextpower by 1,135.7% during the 3rd quarter. BOKF NA now owns 519 shares of the company’s stock worth $38,000 after purchasing an additional 477 shares in the last quarter. 67.41% of the stock is currently owned by institutional investors and hedge funds.

Nextpower Price Performance

The business’s 50-day simple moving average is $91.94 and its two-hundred day simple moving average is $81.04. The stock has a market cap of $18.22 billion, a price-to-earnings ratio of 31.89, a price-to-earnings-growth ratio of 3.36 and a beta of 2.38.

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.