Triglav Investments D.O.O. Invests $531,000 in Nextpower Inc. $NXT

Triglav Investments D.O.O. bought a new position in Nextpower Inc. (NASDAQ:NXT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 6,100 shares of the company’s stock, valued at approximately $531,000.

Other institutional investors have also bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. raised its stake in Nextpower by 268.7% during the fourth 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 during the period. Huntington National Bank raised its stake in Nextpower by 480.3% during the fourth quarter. Huntington National Bank now owns 383 shares of the company’s stock worth $33,000 after purchasing an additional 317 shares during the period. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Nextpower during the third quarter valued at about $36,000. Baillie Gifford & Co. increased its position in shares of Nextpower by 76.5% during the fourth quarter. Baillie Gifford & Co. now owns 420 shares of the company’s stock valued at $37,000 after acquiring an additional 182 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Nextpower by 511.1% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 495 shares of the company’s stock valued at $37,000 after acquiring an additional 414 shares during the last quarter. 67.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Nextpower

In other Nextpower news, President Howard Wenger sold 62,670 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $130.25, for a total transaction of $8,162,767.50. Following the sale, the president directly owned 426,467 shares of the company’s stock, valued at $55,547,326.75. This trade represents a 12.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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, insider Bruce Ledesma sold 3,248 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $134.72, for a total transaction of $437,570.56. Following the sale, the insider directly owned 246,130 shares in the company, valued at $33,158,633.60. This represents a 1.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Insiders sold a total of 240,995 shares of company stock valued at $28,661,778 in the last quarter. Insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

NXT has been the subject of a number of recent analyst reports. TD Cowen lifted their price target on shares of Nextpower from $105.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, May 13th. KeyCorp lifted their price target on shares of Nextpower from $152.00 to $164.00 and gave the company an “overweight” rating in a research report on Friday. Wells Fargo & Company lifted their price objective on shares of Nextpower from $143.00 to $151.00 and gave the company an “overweight” rating in a report on Friday. Susquehanna lifted their price objective on shares of Nextpower from $136.00 to $161.00 and gave the company a “positive” rating in a report on Wednesday, May 13th. Finally, Loop Capital set a $135.00 price objective on shares of Nextpower in a report on Wednesday, May 13th. Twenty investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nextpower has an average rating of “Moderate Buy” and an average price target of $146.39.

Key Stories Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower announced a definitive agreement to acquire Prevalon Energy, a move that opens a new battery energy storage and AI data center infrastructure growth channel and could broaden its total addressable market. Article: Nextpower Announces Entry into Battery Energy Storage (BESS) and AI Data Center Markets…
• Positive Sentiment: The company also raised its fiscal 2027 outlook, reinforcing confidence that the acquisition and related market expansion could accelerate future revenue and EBITDA growth. Article: A Green Energy Revival Is Under Way. Nextpower Is Leading the Charge.
• Positive Sentiment: Several analysts turned more constructive, with multiple firms raising price targets and reiterating overweight/buy ratings, including JPMorgan, KeyCorp, BNP Paribas Exane, and Wells Fargo. Article: Analyst price target updates on Nextpower
• Neutral Sentiment: Insider sales by executives were disclosed, but they were described as pre-arranged 10b5-1 transactions and tax-withholding sales tied to equity vesting, which makes them less likely to be read as a negative operating signal. Article: Daniel Shugar Sells 26,077 Shares of Nextpower (NASDAQ:NXT) Stock

Nextpower Stock Performance

Shares of NXT opened at $156.40 on Friday. Nextpower Inc. has a 1 year low of $51.69 and a 1 year high of $163.13. The stock has a market capitalization of $23.22 billion, a P/E ratio of 40.84, a P/E/G ratio of 3.42 and a beta of 1.60. The company’s fifty day moving average is $121.89 and its two-hundred day moving average is $108.44.

Nextpower (NASDAQ:NXT) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.16. Nextpower had a net margin of 16.46% and a return on equity of 28.18%. The business had revenue of $880.52 million for the quarter, compared to analysts’ expectations of $826.26 million. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. Sell-side analysts predict that Nextpower Inc. will post 3.71 EPS for the current year.

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.