Royal Bank of Canada Has $10.54 Million Position in Nextpower Inc. $NXT

Royal Bank of Canada lessened its position in Nextpower Inc. (NASDAQ:NXT) by 15.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,457 shares of the company’s stock after selling 16,257 shares during the period. Royal Bank of Canada owned about 0.06% of Nextpower worth $10,543,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Nextpower by 19.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 437,490 shares of the company’s stock valued at $18,436,000 after purchasing an additional 71,842 shares during the last quarter. M&T Bank Corp acquired a new position in Nextpower during the second quarter worth approximately $223,000. EverSource Wealth Advisors LLC raised its stake in Nextpower by 179.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company’s stock valued at $61,000 after buying an additional 724 shares during the period. Cerity Partners LLC raised its stake in Nextpower by 154.0% in the second quarter. Cerity Partners LLC now owns 18,539 shares of the company’s stock valued at $1,008,000 after buying an additional 11,239 shares during the period. Finally, California Public Employees Retirement System raised its stake in Nextpower by 36.5% in the second quarter. California Public Employees Retirement System now owns 222,960 shares of the company’s stock valued at $12,122,000 after buying an additional 59,573 shares during the period. 67.41% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about 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

Insider Buying and Selling at Nextpower

In other Nextpower news, President Howard Wenger sold 62,670 shares of Nextpower stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $130.25, for a total value of $8,162,767.50. Following the completion of the sale, the president owned 426,467 shares in the company, valued at $55,547,326.75. The trade was a 12.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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, COO Nicholas Marco Miller sold 24,511 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $127.32, for a total transaction of $3,120,740.52. Following the transaction, the chief operating officer owned 221,533 shares in the company, valued at approximately $28,205,581.56. The trade was a 9.96% decrease in their position. 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 170,863 shares of company stock valued at $22,782,306 in the last quarter. Company insiders own 0.84% of the company’s stock.

Nextpower Price Performance

NXT opened at $103.26 on Friday. The business has a fifty day simple moving average of $113.49 and a 200 day simple moving average of $116.29. Nextpower Inc. has a 1 year low of $52.61 and a 1 year high of $163.13. The company has a market capitalization of $15.52 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 2.07 and a beta of 1.95.

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on NXT. Glj Research reiterated a “buy” rating and set a $149.00 target price on shares of Nextpower in a research note on Wednesday. The Goldman Sachs Group restated a “buy” rating and issued a $168.00 price target on shares of Nextpower in a research note on Wednesday, July 1st. UBS Group reaffirmed a “buy” rating and set a $160.00 price target on shares of Nextpower in a report on Monday, August 3rd. BNP Paribas Exane lifted their price objective on shares of Nextpower from $177.00 to $182.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Nextpower from $179.00 to $152.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Nextpower presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.12.

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.