13,970 Shares in Nextpower Inc. $NXT Acquired by Abacus Wealth Partners LLC

Abacus Wealth Partners LLC purchased a new position in Nextpower Inc. (NASDAQ:NXT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 13,970 shares of the company’s stock, valued at approximately $1,217,000.

A number of other large investors also recently added to or reduced their stakes in NXT. Whittier Trust Co. of Nevada Inc. lifted its holdings in Nextpower by 268.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 306 shares of the company’s stock worth $28,000 after purchasing an additional 223 shares in the last quarter. Foster Dykema Cabot & Partners LLC purchased a new position in Nextpower in the 3rd quarter worth approximately $36,000. Baillie Gifford & Co. lifted its holdings in Nextpower by 76.5% in the 4th quarter. Baillie Gifford & Co. now owns 420 shares of the company’s stock worth $37,000 after purchasing an additional 182 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Nextpower by 511.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 495 shares of the company’s stock worth $37,000 after purchasing an additional 414 shares in the last quarter. Finally, BOKF NA lifted its holdings in Nextpower by 1,135.7% in the 3rd quarter. BOKF NA now owns 519 shares of the company’s stock worth $38,000 after purchasing an additional 477 shares in the last quarter. 67.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NXT has been the topic of a number of research analyst reports. Robert W. Baird boosted their price target on Nextpower from $133.00 to $156.00 and gave the stock an “outperform” rating in a report on Wednesday. Wells Fargo & Company boosted their price target on Nextpower from $127.00 to $143.00 and gave the stock an “overweight” rating in a report on Thursday. Roth Mkm reissued a “buy” rating and issued a $155.00 price target on shares of Nextpower in a report on Wednesday. The Goldman Sachs Group set a $140.00 price target on Nextpower and gave the stock a “buy” rating in a report on Tuesday, April 14th. Finally, JPMorgan Chase & Co. boosted their price target on Nextpower from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $135.71.

Nextpower Price Performance

NASDAQ:NXT opened at $144.29 on Friday. Nextpower Inc. has a 1 year low of $51.69 and a 1 year high of $156.78. The stock’s 50 day simple moving average is $117.98 and its two-hundred day simple moving average is $106.30. The company has a market cap of $21.42 billion, a price-to-earnings ratio of 37.67, a PEG ratio of 6.91 and a beta of 1.60.

Nextpower (NASDAQ:NXT) last released its quarterly earnings data on Tuesday, May 12th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.16. Nextpower had a return on equity of 28.18% and a net margin of 16.46%.The business had revenue of $880.52 million for the quarter, compared to the consensus estimate of $826.26 million. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. As a group, analysts anticipate that Nextpower Inc. will post 3.8 EPS for the current year.

Nextpower News Summary

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower beat EPS estimates by 6.2%, reinforcing the view that demand and profitability are holding up better than expected. Analysts are now updating their forecasts and outlooks after the latest results. Nextpower Inc. Just Beat EPS By 6.2%: Here’s What Analysts Think Will Happen Next
• Positive Sentiment: Management’s Q4 earnings call highlighted strong yearly growth, while the company’s recent beat-and-raise results and backlog support the bullish case for continued expansion. Nextpower Inc (NXT) Q4 2026 Earnings Call Highlights: Strong Yearly Growth Amidst Short-Term …
• Positive Sentiment: Nextpower agreed to buy Zigor assets, expanding into storage and data centers, which could open new revenue streams and strengthen its long-term growth profile. Nextpower Buys Zigor Assets To Expand Into Storage And Data Centers
• Positive Sentiment: Several firms raised price targets or issued constructive forecasts, including Mizuho, TD Cowen, BMO Capital Markets, Susquehanna, and JPMorgan, which is helping fuel investor optimism. Nextpower (NASDAQ:NXT) Given New $135.00 Price Target at TD Cowen
• Neutral Sentiment: One market note says the stock may be getting ahead of fundamentals after a massive run since late 2024, suggesting the shares could be overvalued even though the long-term outlook remains positive. Nextpower: Mind The Hype As Its Apex Acquisition Locks It Into Data Center Growth
• Neutral Sentiment: Mizuho raised its price target but kept a neutral rating, implying some upside is already priced in at current levels. Mizuho price target change

Insider Buying and Selling at Nextpower

In other news, CEO Daniel S. Shugar sold 59,456 shares of the business’s 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 transaction, the chief executive officer owned 746,339 shares of the company’s stock, valued at approximately $78,492,472.63. The trade was a 7.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.56% of the company’s stock.

About Nextpower

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.