Nextpower Inc. $NXT Shares Acquired by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. increased its stake in shares of Nextpower Inc. (NASDAQ:NXT) by 15.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,281 shares of the company’s stock after purchasing an additional 828 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Nextpower were worth $341,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NXT. Wellington Management Group LLP raised its position in Nextpower by 56.5% during the 1st quarter. Wellington Management Group LLP now owns 5,237,833 shares of the company’s stock worth $220,722,000 after buying an additional 1,890,445 shares during the last quarter. Encompass Capital Advisors LLC increased its stake in shares of Nextpower by 72.5% during the first quarter. Encompass Capital Advisors LLC now owns 2,630,114 shares of the company’s stock worth $110,833,000 after acquiring an additional 1,105,617 shares during the period. Earnest Partners LLC raised its holdings in Nextpower by 4.4% during the first quarter. Earnest Partners LLC now owns 1,309,424 shares of the company’s stock worth $55,179,000 after purchasing an additional 54,934 shares in the last quarter. Westfield Capital Management Co. LP lifted its position in Nextpower by 2.8% in the first quarter. Westfield Capital Management Co. LP now owns 1,243,151 shares of the company’s stock valued at $52,386,000 after purchasing an additional 33,537 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Nextpower by 3.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,138,496 shares of the company’s stock valued at $61,900,000 after purchasing an additional 35,642 shares in the last quarter. 67.41% of the stock is owned by institutional investors and hedge funds.

Nextpower Price Performance

Shares of NXT stock opened at $93.75 on Friday. The stock’s fifty day simple moving average is $84.76 and its 200 day simple moving average is $67.77. Nextpower Inc. has a one year low of $33.29 and a one year high of $112.74. The firm has a market cap of $13.91 billion, a price-to-earnings ratio of 24.35, a P/E/G ratio of 2.20 and a beta of 2.31.

Nextpower (NASDAQ:NXT) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.21. Nextpower had a net margin of 17.08% and a return on equity of 35.05%. The firm had revenue of $905.27 million during the quarter, compared to the consensus estimate of $839.53 million. Nextpower has set its FY 2026 guidance at 4.040-4.250 EPS. On average, research analysts anticipate that Nextpower Inc. will post 3.29 earnings per share for the current year.

Analysts Set New Price Targets

NXT has been the subject of a number of analyst reports. Royal Bank Of Canada increased their target price on Nextpower from $93.00 to $96.00 and gave the stock an “outperform” rating in a research note on Thursday. Citigroup raised Nextpower from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $66.00 to $114.00 in a report on Tuesday, October 21st. BMO Capital Markets raised their target price on Nextpower from $89.00 to $93.00 and gave the company a “market perform” rating in a report on Friday, October 24th. Guggenheim set a $74.00 target price on shares of Nextpower in a research report on Wednesday, October 22nd. Finally, UBS Group increased their price target on shares of Nextpower to $125.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $95.76.

Insider Activity

In related news, President Howard Wenger sold 5,217 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $75.00, for a total value of $391,275.00. Following the completion of the sale, the president owned 409,039 shares of the company’s stock, valued at $30,677,925. This trade represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Charles D. Boynton sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $67.21, for a total transaction of $302,445.00. Following the completion of the transaction, the chief financial officer owned 295,059 shares of the company’s stock, valued at $19,830,915.39. This trade represents a 1.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 15,420 shares of company stock valued at $1,092,930 in the last 90 days. Corporate insiders own 0.56% of the company’s stock.

Nextpower Profile

Nextpower, formerly known as Nextracker, an energy solutions company, provides solar trackers and software solutions for utility-scale and distributed generation solar projects in the United States and internationally. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain.