Nextpower (NASDAQ:NXT) Stock Gets Price Target Trim from JPMorgan Chase & Co.

Nextpower (NASDAQ:NXT) had its target price trimmed by JPMorgan Chase & Co. from $136.00 to $134.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Other equities research analysts have also issued research reports about the stock. Robert W. Baird reduced their price objective on shares of Nextpower from $156.00 to $116.00 and set an “outperform” rating for the company in a research note on Tuesday, September 22nd. Susquehanna lowered their target price on shares of Nextpower from $150.00 to $145.00 and set a “positive” rating on the stock in a research report on Thursday. Mizuho cut their target price on Nextpower from $111.00 to $101.00 and set a “neutral” rating on the stock in a report on Thursday, October 15th. Citigroup reaffirmed an “outperform” rating on shares of Nextpower in a research report on Thursday. Finally, Northland Securities set a $138.00 price target on Nextpower in a research note on Thursday. 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $136.00.

Nextpower Price Performance

Shares of NXT stock opened at $79.33 on Thursday. Nextpower has a fifty-two week low of $75.40 and a fifty-two week high of $163.13. The stock’s 50-day moving average is $82.41 and its two-hundred day moving average is $106.67. The firm has a market cap of $12.04 billion, a P/E ratio of 19.98, a PEG ratio of 1.91 and a beta of 1.94.

Nextpower (NASDAQ:NXT) last posted its earnings results on Wednesday, October 28th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.10 by $0.21. Nextpower had a net margin of 15.98% and a return on equity of 25.33%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. As a group, research analysts expect that Nextpower will post 3.84 EPS for the current year.

Insider Buying and Selling

In related news, President Howard Wenger sold 11,176 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $104.78, for a total transaction of $1,171,021.28. Following the transaction, the president directly owned 419,868 shares in the company, valued at $43,993,769.04. The trade was a 2.59% decrease in their ownership of the stock. The sale 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. Also, CEO Daniel S. Shugar sold 67,636 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 871,131 shares of the company’s stock, valued at approximately $89,787,472.17. This trade represents a 7.20% 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 100,431 shares of company stock valued at $10,039,748 in the last ninety days. Company insiders own 0.84% of the company’s stock.

Institutional Trading of Nextpower

Several institutional investors have recently modified their holdings of the company. AIA Group Ltd raised its stake in Nextpower by 91.8% during the third quarter. AIA Group Ltd now owns 10,857 shares of the company’s stock worth $846,000 after acquiring an additional 5,197 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Nextpower by 2.6% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 31,461 shares of the company’s stock valued at $2,452,000 after purchasing an additional 800 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Nextpower in the 3rd quarter worth about $4,515,000. Vise Technologies Inc. bought a new stake in shares of Nextpower in the 3rd quarter worth about $846,000. Finally, Cidel Asset Management Inc. increased its position in shares of Nextpower by 8.5% during the 3rd quarter. Cidel Asset Management Inc. now owns 4,909 shares of the company’s stock worth $383,000 after purchasing an additional 386 shares in the last quarter. Institutional investors and hedge funds own 67.41% of the company’s stock.

Trending Headlines about Nextpower

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.

About Nextpower

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.