6,001 Shares in Nextpower Inc. $NXT Purchased by MRA Advisory Group

MRA Advisory Group bought a new stake in shares of Nextpower Inc. (NASDAQ:NXT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,001 shares of the company’s stock, valued at approximately $715,000.

A number of other hedge funds have also recently modified their holdings of NXT. GAMMA Investing LLC grew its stake in shares of Nextpower by 7.4% during the second quarter. GAMMA Investing LLC now owns 5,531 shares of the company’s stock valued at $659,000 after buying an additional 382 shares during the last quarter. Moody National Bank Trust Division boosted its holdings in Nextpower by 17.5% during the 2nd quarter. Moody National Bank Trust Division now owns 29,205 shares of the company’s stock valued at $3,479,000 after acquiring an additional 4,358 shares during the period. Pacer Advisors Inc. boosted its holdings in Nextpower by 9.2% during the 1st quarter. Pacer Advisors Inc. now owns 23,719 shares of the company’s stock valued at $2,859,000 after acquiring an additional 2,002 shares during the period. Lombard Odier Asset Management Europe Ltd increased its stake in Nextpower by 63.5% in the first quarter. Lombard Odier Asset Management Europe Ltd now owns 127,421 shares of the company’s stock worth $15,361,000 after purchasing an additional 49,505 shares during the period. Finally, Rathbones Group PLC purchased a new stake in Nextpower in the first quarter worth $1,146,000. Institutional investors own 67.41% of the company’s stock.

Key Stories Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Analyst support remains favorable. GLJ Research reaffirmed its “Buy” rating, while Northland Securities maintained an “Outperform” rating and a $162 price target. These targets suggest analysts see meaningful long-term upside if Nextpower executes on its growth plans. GLJ Research rating report
• Positive Sentiment: Recent operating results provided a supportive backdrop. Nextpower’s latest quarterly EPS of $1.20 exceeded the $1.05 consensus estimate, although revenue of $935.17 million was essentially in line with expectations. The company reported a 16.36% net margin and 26.29% return on equity.
• Neutral Sentiment: Northland’s forecast changes were mixed. The firm raised its Q3 2028 EPS estimate to $1.15 from $1.13 and projected FY2027 EPS of $3.81, above the current-year consensus of approximately $3.73–$3.75. However, it reduced estimates for Q1 2028, Q2 2028, Q4 2027, Q4 2028 and FY2028, with the FY2028 forecast falling to $4.40 from $4.48. The revisions may temper enthusiasm about the pace of longer-term earnings growth.
• Negative Sentiment: A director disclosed a sizable insider sale. Julia Blunden sold 2,289 shares for approximately $222,537 at an average price of $97.22, reducing her direct ownership by 23.59% to 7,415 shares. The transaction can weigh on sentiment, although insider sales may reflect personal financial needs rather than a negative view of the business. Nextpower insider sale report

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NXT. BNP Paribas Exane lifted their target price on Nextpower from $177.00 to $182.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Weiss Ratings cut shares of Nextpower from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, July 29th. Northland Securities raised their price target on shares of Nextpower from $148.00 to $162.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Needham & Company LLC reiterated a “buy” rating and set a $149.00 price objective on shares of Nextpower in a report on Friday, May 29th. Finally, Citigroup lowered their price objective on shares of Nextpower from $145.00 to $132.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $146.12.

Nextpower Trading Up 4.9%

NXT opened at $103.26 on Friday. The firm has a market cap of $15.52 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 1.97 and a beta of 1.95. Nextpower Inc. has a 12 month low of $52.61 and a 12 month high of $163.13. The stock has a fifty day moving average price of $113.49 and a 200-day moving average price of $116.29.

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

Insiders Place Their Bets

In other Nextpower news, CEO Daniel S. Shugar sold 26,077 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $134.72, for a total transaction of $3,513,093.44. Following the completion of the sale, the chief executive officer directly owned 931,419 shares of the company’s stock, valued at approximately $125,480,767.68. This represents a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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, CFO Charles D. Boynton sold 4,500 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $151.79, for a total transaction of $683,055.00. Following the completion of the sale, the chief financial officer owned 358,500 shares in the company, valued at $54,416,715. This represents a 1.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 170,863 shares of company stock valued at $22,782,306 in the last three months. 0.84% of the stock is currently owned by insiders.

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.