Franklin Street Advisors Inc. NC Makes New Investment in Nextpower Inc. $NXT

Franklin Street Advisors Inc. NC acquired a new stake in Nextpower Inc. (NASDAQ:NXT) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 5,741 shares of the company’s stock, valued at approximately $684,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its holdings in Nextpower by 107.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the company’s stock worth $26,000 after purchasing an additional 155 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Nextpower by 268.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 306 shares of the company’s stock worth $28,000 after buying an additional 223 shares in the last quarter. Signature Equity Partners LLC grew its position in shares of Nextpower by 76.4% during the 1st quarter. Signature Equity Partners LLC now owns 261 shares of the company’s stock worth $31,000 after buying an additional 113 shares during the period. Huntington National Bank grew its position in shares of Nextpower by 480.3% during the 4th quarter. Huntington National Bank now owns 383 shares of the company’s stock worth $33,000 after buying an additional 317 shares during the period. Finally, Baillie Gifford & Co. increased its stake 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 acquiring an additional 182 shares in the last quarter. Institutional investors own 67.41% of the company’s stock.

Insider Activity at Nextpower

In other news, CEO Daniel S. Shugar sold 26,077 shares of the business’s 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 $125,480,767.68. The trade was a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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, 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 transaction, the chief financial officer directly owned 358,500 shares in the company, valued at approximately $54,416,715. The trade was a 1.24% decrease in their position. The SEC filing for this sale provides additional information. 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 over the last quarter. 0.84% of the stock is currently owned by company insiders.

Nextpower Price Performance

Shares of NXT opened at $103.26 on Monday. The business’s fifty day moving average is $113.49 and its 200 day moving average is $116.43. Nextpower Inc. has a 12-month low of $52.61 and a 12-month high of $163.13. The stock has a market cap of $15.67 billion, a P/E ratio of 26.75, a P/E/G ratio of 2.07 and a beta of 1.95.

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

More 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

Analysts Set New Price Targets

NXT has been the topic of a number of research reports. Truist Financial boosted their target price on shares of Nextpower from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Loop Capital set a $135.00 price target on shares of Nextpower in a report on Wednesday, May 13th. Barclays lifted their price target on shares of Nextpower from $142.00 to $147.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Mizuho dropped their price objective on shares of Nextpower from $142.00 to $111.00 and set a “neutral” rating on the stock in a report on Tuesday, August 4th. Finally, Susquehanna cut their price objective on shares of Nextpower from $168.00 to $157.00 and set a “positive” rating on the stock in a research report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.