Nextpower (NASDAQ:NXT) Stock Gets Price Target Trim from Needham & Company LLC

Nextpower (NASDAQ:NXT) had its target price trimmed by Needham & Company LLC from $149.00 to $143.00 in a report released on Thursday morning, MarketBeat.com reports. The firm currently has a buy rating on the stock.

Several other equities analysts also recently weighed in on NXT. Jefferies Financial Group set a $115.00 price target on shares of Nextpower in a report on Friday, October 16th. Glj Research restated a “buy” rating and set a $149.00 price objective on shares of Nextpower in a research note on Wednesday, August 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Nextpower in a report on Tuesday. BMO Capital Markets cut their price objective on shares of Nextpower from $132.00 to $114.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 21st. Finally, Zacks Research cut shares of Nextpower from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. One equities research 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $136.00.

Nextpower Stock Down 0.6%

NXT stock opened at $79.33 on Thursday. The stock has a market capitalization of $12.04 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 1.91 and a beta of 1.94. Nextpower has a 52 week low of $75.40 and a 52 week high of $163.13. The firm has a 50 day moving average of $82.41 and a 200 day moving average of $106.67.

Nextpower (NASDAQ:NXT) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.21. Nextpower had a net margin of 15.98% and a return on equity of 25.33%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.06 billion. On average, equities research analysts expect that Nextpower will post 3.84 earnings per share for the current year.

Insider Buying and Selling at Nextpower

In other news, Director Julia Blunden sold 3,723 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $88.08, for a total transaction of $327,921.84. Following the transaction, the director owned 6,434 shares in the company, valued at $566,706.72. This trade represents a 36.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Charles Boynton sold 4,500 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $79.98, for a total value of $359,910.00. Following the transaction, the chief financial officer owned 354,000 shares in the company, valued at $28,312,920. This trade represents a 1.26% 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. Over the last quarter, insiders sold 100,431 shares of company stock worth $10,039,748. 0.84% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Nextpower

A number of large investors have recently added to or reduced their stakes in NXT. Tidal Investments LLC lifted its holdings in Nextpower by 20.2% in the 2nd quarter. Tidal Investments LLC now owns 102,483 shares of the company’s stock valued at $12,210,000 after purchasing an additional 17,221 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Nextpower during the 2nd quarter worth $1,792,000. Reynders McVeigh Capital Management LLC boosted its stake in Nextpower by 15.0% during the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 157,897 shares of the company’s stock worth $18,812,000 after purchasing an additional 20,547 shares during the last quarter. Perpetual Ltd grew its holdings in shares of Nextpower by 16.2% during the third quarter. Perpetual Ltd now owns 194,578 shares of the company’s stock worth $15,163,000 after buying an additional 27,098 shares in the last quarter. Finally, Lombard Odier Asset Management Europe Ltd raised its position in shares of Nextpower by 63.5% in the first quarter. Lombard Odier Asset Management Europe Ltd now owns 127,421 shares of the company’s stock valued at $15,361,000 after buying an additional 49,505 shares during the last quarter. 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: 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.