HighTower Advisors LLC Has $1.49 Million Stock Position in Nextpower Inc. $NXT

HighTower Advisors LLC decreased its position in Nextpower Inc. (NASDAQ:NXT) by 34.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 17,132 shares of the company’s stock after selling 8,874 shares during the period. HighTower Advisors LLC’s holdings in Nextpower were worth $1,492,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Nextpower by 268.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 306 shares of the company’s stock valued at $28,000 after buying an additional 223 shares during the period. Baillie Gifford & Co. grew its holdings 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 buying an additional 182 shares during the period. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Nextpower in the 3rd quarter valued at $36,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Nextpower by 511.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 495 shares of the company’s stock valued at $37,000 after buying an additional 414 shares during the period. Finally, Rakuten Securities Inc. grew its holdings in shares of Nextpower by 324.8% in the 4th quarter. Rakuten Securities Inc. now owns 514 shares of the company’s stock valued at $45,000 after buying an additional 393 shares during the period. Institutional investors and hedge funds own 67.41% of the company’s stock.

Key Stories Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Northland Securities raised multiple forward EPS estimates for Nextpower, including Q1 2027, Q1 2028, Q2 2028, Q3 2028 and Q4 2028, while keeping an Outperform rating and a $162 price target, signaling confidence in long-term earnings growth. MarketBeat NXT page
• Positive Sentiment: Nextpower filed a patent infringement lawsuit against GameChange Solar, which may protect its tracker and energy-management technology and support its competitive position in solar infrastructure. Nextpower Files Patent Lawsuit Against GameChange Solar
• Neutral Sentiment: GameChange Energy said it will vigorously defend the patent claims, introducing some litigation uncertainty for both sides. GameChange Energy response
• Negative Sentiment: COO Nicholas Marco Miller sold 22,427 shares and CFO Charles D. Boynton sold 4,500 shares under pre-arranged trading plans. While routine, insider selling can temper enthusiasm if investors worry management sees less near-term upside. Insider trades alert

Insider Transactions at Nextpower

In related news, insider Bruce Ledesma sold 3,248 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $134.72, for a total value of $437,570.56. Following the completion of the transaction, the insider directly owned 246,130 shares of the company’s stock, valued at approximately $33,158,633.60. This represents a 1.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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. Also, CEO Daniel S. Shugar sold 59,456 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $105.17, for a total transaction of $6,252,987.52. Following the transaction, the chief executive officer owned 746,339 shares of the company’s stock, valued at approximately $78,492,472.63. This represents a 7.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 228,030 shares of company stock worth $28,812,757. Company insiders own 0.56% of the company’s stock.

Nextpower Trading Up 5.0%

Shares of NASDAQ NXT opened at $152.22 on Wednesday. The firm has a market cap of $22.87 billion, a PE ratio of 39.74, a PEG ratio of 3.75 and a beta of 1.73. Nextpower Inc. has a 1-year low of $51.69 and a 1-year high of $163.13. The company has a fifty day moving average price of $122.42 and a 200 day moving average price of $108.73.

Nextpower (NASDAQ:NXT) last announced its earnings results on Tuesday, May 12th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.16. The firm had revenue of $880.52 million during 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 research analysts forecast that Nextpower Inc. will post 3.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NXT. Citigroup boosted their price target on shares of Nextpower from $114.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Roth Mkm reissued a “buy” rating and set a $155.00 price objective on shares of Nextpower in a research report on Wednesday, May 13th. Weiss Ratings raised shares of Nextpower from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 20th. Loop Capital set a $135.00 target price on shares of Nextpower in a research note on Wednesday, May 13th. Finally, Northland Securities upped their target price on shares of Nextpower from $148.00 to $162.00 and gave the stock an “outperform” rating in a research note on Friday. Twenty research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $147.18.

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.