Nextpower (NASDAQ:NXT) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Nextpower (NASDAQ:NXT) had its target price upped by investment analysts at Robert W. Baird from $133.00 to $156.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price target would indicate a potential upside of 24.43% from the stock’s previous close.

Several other research firms have also weighed in on NXT. Mizuho set a $81.00 price objective on Nextpower in a research note on Friday, January 23rd. Wells Fargo & Company raised their price objective on Nextpower from $109.00 to $127.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Susquehanna raised their price objective on Nextpower from $133.00 to $136.00 and gave the stock a “positive” rating in a research note on Thursday, April 9th. Bank of America raised their price objective on Nextpower from $102.00 to $108.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Finally, KeyCorp reissued an “overweight” rating on shares of Nextpower in a research note on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $120.20.

Nextpower Stock Performance

Shares of NXT stock opened at $125.37 on Wednesday. Nextpower has a 1 year low of $51.69 and a 1 year high of $134.32. The stock has a market cap of $18.61 billion, a PE ratio of 32.06, a price-to-earnings-growth ratio of 6.00 and a beta of 1.60. The business’s fifty day moving average is $115.69 and its 200-day moving average is $105.39.

Nextpower (NASDAQ:NXT) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.16. Nextpower had a return on equity of 32.01% and a net margin of 16.43%.The company had revenue of $880.52 million for the quarter, compared to analysts’ expectations of $826.26 million. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. Equities research analysts predict that Nextpower will post 3.72 earnings per share for the current year.

Insider Buying and Selling at Nextpower

In other news, CEO Daniel S. Shugar sold 59,456 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $105.17, for a total value of $6,252,987.52. Following the completion of the sale, the chief executive officer owned 746,339 shares of the company’s stock, valued at $78,492,472.63. This trade represents a 7.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.56% of the stock is currently owned by corporate insiders.

Institutional Trading of Nextpower

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Nextpower by 2.0% in the third quarter. Vanguard Group Inc. now owns 14,167,845 shares of the company’s stock worth $1,048,279,000 after buying an additional 283,981 shares during the period. State Street Corp boosted its position in shares of Nextpower by 0.6% in the third quarter. State Street Corp now owns 5,391,696 shares of the company’s stock worth $398,932,000 after buying an additional 31,689 shares during the period. Geode Capital Management LLC boosted its position in shares of Nextpower by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 4,021,741 shares of the company’s stock worth $350,385,000 after buying an additional 236,593 shares during the period. Invesco Ltd. boosted its position in shares of Nextpower by 5.1% in the fourth quarter. Invesco Ltd. now owns 2,864,660 shares of the company’s stock worth $249,541,000 after buying an additional 139,211 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Nextpower by 4.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,429,410 shares of the company’s stock worth $211,627,000 after buying an additional 111,782 shares during the period. Institutional investors and hedge funds own 67.41% of the company’s stock.

Trending Headlines about Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower beat expectations with Q4 EPS of $1.05 versus $0.89 expected, and revenue of $880.5 million versus $826.3 million expected, reinforcing that demand and profitability remained strong. Conference Call and Earnings Release
• Positive Sentiment: The company reported solid margins and net income, with GAAP net income of $151 million and a 33.8% gross margin, suggesting efficient execution even as revenue was slightly below the prior quarter. Fiscal Year 2026 Financial Results
• Positive Sentiment: Investor enthusiasm was further boosted by the announcement of a definitive agreement to acquire Zigor Corporation’s power conversion business and Apex Power, which should expand Nextpower’s product portfolio and support entry into battery energy storage and related markets. Acquisition Announcement
• Neutral Sentiment: Management’s FY2027 guidance was mixed relative to expectations: EPS guidance of 4.210-4.590 came in slightly below the consensus view, while revenue guidance of $3.8 billion-$4.1 billion was broadly in line with forecasts.
• Neutral Sentiment: Several pre-earnings articles focused on analyst expectations, sentiment, and leadership/governance changes, but the main stock-moving catalyst today was the earnings beat and acquisition news. Earnings Call Transcript

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.