Nextpower (NASDAQ:NXT) Price Target Raised to $164.00

Nextpower (NASDAQ:NXT) had its price objective raised by equities research analysts at KeyCorp from $152.00 to $164.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price target points to a potential upside of 6.33% from the company’s previous close.

Several other research analysts have also issued reports on the stock. UBS Group reiterated a “buy” rating on shares of Nextpower in a research note on Friday. TD Cowen increased their price target on shares of Nextpower from $105.00 to $135.00 and gave the stock a “hold” rating in a research note on Wednesday, May 13th. Weiss Ratings upgraded shares of Nextpower from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 20th. BNP Paribas Exane raised their price objective on shares of Nextpower from $145.00 to $177.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Finally, Jefferies Financial Group set a $159.00 price objective on shares of Nextpower in a research note on Friday. Twenty analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Nextpower currently has an average rating of “Moderate Buy” and a consensus price target of $142.72.

Nextpower Stock Performance

Shares of Nextpower stock traded up $17.07 during trading on Friday, hitting $154.24. The company’s stock had a trading volume of 1,847,542 shares, compared to its average volume of 2,066,476. The company has a fifty day simple moving average of $121.07 and a two-hundred day simple moving average of $108.11. The company has a market capitalization of $22.90 billion, a PE ratio of 40.34, a P/E/G ratio of 3.34 and a beta of 1.60. Nextpower has a 52 week low of $51.69 and a 52 week high of $163.13.

Nextpower (NASDAQ:NXT) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.16. The company had revenue of $880.52 million during the quarter, compared to analyst estimates of $826.26 million. Nextpower had a net margin of 16.46% and a return on equity of 28.18%. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. As a group, analysts predict that Nextpower will post 3.76 EPS for the current year.

Insiders Place Their Bets

In other news, President Howard Wenger sold 62,670 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $130.25, for a total transaction of $8,162,767.50. Following the transaction, the president directly owned 426,467 shares of the company’s stock, valued at $55,547,326.75. This represents a 12.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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, CEO Daniel S. Shugar sold 59,456 shares of Nextpower stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $105.17, for a total transaction of $6,252,987.52. Following the completion of the sale, the chief executive officer owned 746,339 shares of the company’s stock, valued at $78,492,472.63. This represents a 7.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 240,995 shares of company stock valued at $28,661,778. Company insiders own 0.56% of the company’s stock.

Institutional Trading of Nextpower

A number of large investors have recently made changes to their positions in NXT. Smartleaf Asset Management LLC grew its stake in shares of 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 acquiring an additional 155 shares during the period. Whittier Trust Co. of Nevada Inc. grew 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 grew 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 grew its stake in shares of Nextpower by 480.3% in the fourth quarter. Huntington National Bank now owns 383 shares of the company’s stock worth $33,000 after acquiring an additional 317 shares during the period. Finally, Foster Dykema Cabot & Partners LLC bought a new stake in shares of Nextpower in the third quarter worth approximately $36,000. 67.41% of the stock is currently owned by institutional investors.

Key Headlines Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower announced a definitive agreement to acquire Prevalon Energy, expanding into battery energy storage and AI data center markets and raising its fiscal 2027 outlook. Article Title
• Positive Sentiment: Wells Fargo raised its price target on Nextpower to $151 and kept an overweight rating, signaling continued optimism despite the stock trading above that target. Article Title
• Positive Sentiment: Needham reaffirmed a buy rating on Nextpower, reinforcing the view that recent gains are supported by analyst confidence. Article Title
• Positive Sentiment: Recent bullish coverage and attention from investors suggest the stock is benefiting from momentum around its solar, storage, and AI-related growth story. Article Title

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.