Julia Blunden Sells 2,289 Shares of Nextpower (NASDAQ:NXT) Stock

Nextpower Inc. (NASDAQ:NXT) Director Julia Blunden sold 2,289 shares of Nextpower stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $97.22, for a total transaction of $222,536.58. Following the completion of the transaction, the director directly owned 7,415 shares in the company, valued at approximately $720,886.30. The trade was a 23.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Nextpower Stock Up 4.9%

NASDAQ:NXT opened at $103.26 on Friday. The stock has a market capitalization 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 52 week low of $52.61 and a 52 week high of $163.13. The firm has a 50 day moving average of $113.49 and a 200 day moving average of $116.29.

Nextpower (NASDAQ:NXT) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.15. The business had revenue of $935.17 million for the quarter, compared to analyst estimates of $935.39 million. Nextpower had a net margin of 16.36% and a return on equity of 26.29%. As a group, analysts expect that Nextpower Inc. will post 3.73 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Mizuho reduced their target price on Nextpower from $142.00 to $111.00 and set a “neutral” rating on the stock in a research report on Tuesday. BMO Capital Markets raised Nextpower from a “hold” rating to an “outperform” rating and set a $132.00 price target for the company in a report on Friday, July 31st. Royal Bank Of Canada dropped their price target on Nextpower from $149.00 to $147.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Truist Financial upped their price objective on shares of Nextpower from $140.00 to $145.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $160.00 price objective on shares of Nextpower in a research report on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Nextpower presently has a consensus rating of “Moderate Buy” and a consensus target price of $146.12.

Institutional Trading of Nextpower

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its position in Nextpower by 107.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 299 shares of the company’s stock worth $26,000 after buying an additional 155 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Nextpower by 268.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 306 shares of the company’s stock worth $28,000 after acquiring an additional 223 shares during the period. Signature Equity Partners LLC increased its stake in shares of Nextpower by 76.4% in the first quarter. Signature Equity Partners LLC now owns 261 shares of the company’s stock worth $31,000 after acquiring an additional 113 shares during the period. Huntington National Bank raised its holdings in shares of Nextpower by 480.3% during the fourth quarter. Huntington National Bank now owns 383 shares of the company’s stock worth $33,000 after purchasing an additional 317 shares during the last quarter. Finally, Baillie Gifford & Co. raised its holdings in shares of Nextpower by 76.5% during the fourth quarter. Baillie Gifford & Co. now owns 420 shares of the company’s stock worth $37,000 after purchasing an additional 182 shares during the last quarter. Institutional investors and hedge funds own 67.41% of the company’s stock.

Key Nextpower News

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

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.