Nextpower (NASDAQ:NXT) Stock Price Target Lowered at Wells Fargo & Company

Nextpower (NASDAQ:NXT) had its target price cut by Wells Fargo & Company from $151.00 to $125.00 in a research report released on Friday,Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts also recently issued research reports about the company. Guggenheim raised Nextpower from a “neutral” rating to a “buy” rating and set a $125.00 price target for the company in a report on Wednesday, July 15th. TD Cowen upgraded Nextpower to a “hold” rating in a report on Monday, October 5th. Roth Capital set a $140.00 target price on Nextpower in a research report on Thursday. Glj Research reiterated a “buy” rating and set a $149.00 target price on shares of Nextpower in a research note on Wednesday, August 5th. Finally, Truist Financial increased their target price on Nextpower from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Nextpower has an average rating of “Moderate Buy” and an average price target of $136.00.

Nextpower Price Performance

NASDAQ:NXT opened at $79.33 on Friday. The firm has a 50-day moving average of $82.41 and a two-hundred day moving average of $106.67. The stock has a market cap of $12.04 billion, a P/E ratio of 20.11, a PEG ratio of 1.92 and a beta of 1.94. Nextpower has a 1-year low of $75.40 and a 1-year high of $163.13.

Nextpower (NASDAQ:NXT) last announced its earnings results on Wednesday, October 28th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.21. Nextpower had a return on equity of 25.33% and a net margin of 15.98%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. As a group, equities analysts expect that Nextpower will post 3.80 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Brandi Thomas sold 7,415 shares of Nextpower stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $91.25, for a total value of $676,618.75. Following the completion of the transaction, the director directly owned 7,914 shares in the company, valued at approximately $722,152.50. This trade represents a 48.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Daniel S. Shugar sold 67,636 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $103.07, for a total value of $6,971,242.52. Following the completion of the sale, the chief executive officer directly owned 871,131 shares of the company’s stock, valued at approximately $89,787,472.17. This represents a 7.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 100,431 shares of company stock worth $10,039,748. Company insiders own 0.84% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Fundsmith LLP bought a new position in shares of Nextpower in the 2nd quarter worth about $340,275,000. Robeco Schweiz AG boosted its holdings in shares of Nextpower by 98.8% in the 3rd quarter. Robeco Schweiz AG now owns 1,721,087 shares of the company’s stock valued at $134,124,000 after buying an additional 855,460 shares during the period. Bank of America Corp DE boosted its holdings in shares of Nextpower by 34.6% in the 1st quarter. Bank of America Corp DE now owns 1,568,235 shares of the company’s stock valued at $189,051,000 after buying an additional 402,770 shares during the period. Janus Henderson Group PLC grew its position in shares of Nextpower by 134.3% during the 1st quarter. Janus Henderson Group PLC now owns 1,362,466 shares of the company’s stock valued at $164,488,000 after buying an additional 780,958 shares during the last quarter. Finally, Assetmark Inc. grew its position in shares of Nextpower by 96.6% during the 1st quarter. Assetmark Inc. now owns 840,966 shares of the company’s stock valued at $101,378,000 after buying an additional 413,142 shares during the last quarter. Institutional investors own 67.41% of the company’s stock.

Nextpower News Roundup

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower reported quarterly adjusted EPS of $1.31, well above the $1.10 consensus estimate, while revenue of $1.11 billion also exceeded expectations of $1.06 billion. EPS increased from $1.19 a year earlier. Nextpower Q2 earnings and revenue beat estimates
• Positive Sentiment: The company issued fiscal 2027 EPS guidance of $4.61 to $4.87, above the $4.50 analyst consensus. Revenue guidance of $4.2 billion to $4.5 billion brackets the $4.3 billion consensus, indicating management remains confident in demand and execution.
• Positive Sentiment: Nextpower authorized a $500 million share buyback and highlighted a backlog of approximately $6 billion. These actions may improve per-share results and provide support to the stock, although reports also noted that margins declined despite strong sales growth. Nextpower stock and $500 million buyback
• Neutral Sentiment: Wells Fargo, JPMorgan, Susquehanna and Needham all maintained bullish ratings—overweight, positive or buy—but lowered their price targets. The revisions still imply substantial upside from recent trading levels, suggesting analysts remain constructive while taking a more cautious view of near-term valuation or growth.
• Negative Sentiment: Wells Fargo cut its target from $151 to $125, JPMorgan reduced its target from $136 to $134, Susquehanna lowered its target from $150 to $145, and Needham cut its target from $149 to $143. Although ratings remained positive, the cluster of target reductions may weigh on sentiment and offset some of the earnings-related optimism.

Nextpower Company Profile

Nextracker Inc is a renewable energy technology company that designs, manufactures and supplies intelligent solar-tracking systems for utility-scale and large commercial solar power projects. Its systems adjust the position of solar panels throughout the day to help photovoltaic modules capture more sunlight and improve energy production.

The company’s product portfolio includes single-axis solar trackers, structural components, foundations and related hardware, as well as software and controls designed to optimize tracker performance.