Royal Bank of Canada Sells 16,257 Shares of Nextpower Inc. $NXT

Royal Bank of Canada lessened its stake in Nextpower Inc. (NASDAQ:NXT) by 15.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 87,457 shares of the company’s stock after selling 16,257 shares during the quarter. Royal Bank of Canada’s holdings in Nextpower were worth $10,543,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Signature Equity Partners LLC increased its holdings in Nextpower by 76.4% in the 1st quarter. Signature Equity Partners LLC now owns 261 shares of the company’s stock valued at $31,000 after buying an additional 113 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Nextpower by 107.6% during the 4th 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. lifted its holdings in shares of Nextpower by 268.7% during the 4th 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. Huntington National Bank boosted its position in shares of Nextpower by 480.3% during the 4th quarter. Huntington National Bank now owns 383 shares of the company’s stock worth $33,000 after acquiring an additional 317 shares in the last quarter. Finally, Baillie Gifford & Co. boosted its position in shares of Nextpower by 76.5% during the 4th quarter. Baillie Gifford & Co. now owns 420 shares of the company’s stock worth $37,000 after acquiring an additional 182 shares in the last quarter. Institutional investors own 67.41% of the company’s stock.

Nextpower Stock Performance

Shares of NXT opened at $103.26 on Friday. Nextpower Inc. has a 52 week low of $52.61 and a 52 week high of $163.13. The stock has a market capitalization of $15.52 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 2.07 and a beta of 1.95. The stock has a fifty day moving average of $113.49 and a 200-day moving average of $116.29.

Nextpower (NASDAQ:NXT) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.15. Nextpower had a return on equity of 26.29% and a net margin of 16.36%.The business had revenue of $935.17 million for the quarter, compared to analyst estimates of $935.39 million. As a group, equities analysts forecast that Nextpower Inc. will post 3.73 EPS for the current year.

Insider Activity

In other news, insider Bruce Ledesma sold 3,248 shares of Nextpower 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 of the company’s stock, valued at approximately $33,158,633.60. This trade represents a 1.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 26,077 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $134.72, for a total value of $3,513,093.44. Following the sale, the chief executive officer owned 931,419 shares in the company, valued at approximately $125,480,767.68. This trade represents a 2.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. In the last ninety days, insiders sold 170,863 shares of company stock valued at $22,782,306. 0.84% of the stock is currently owned by company insiders.

Key Headlines Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Analyst support remains favorable. GLJ Research reaffirmed its “Buy” rating, while Northland Securities maintained an “Outperform” rating and a $162 price target. These targets suggest analysts see meaningful long-term upside if Nextpower executes on its growth plans. GLJ Research rating report
• Positive Sentiment: Recent operating results provided a supportive backdrop. Nextpower’s latest quarterly EPS of $1.20 exceeded the $1.05 consensus estimate, although revenue of $935.17 million was essentially in line with expectations. The company reported a 16.36% net margin and 26.29% return on equity.
• Neutral Sentiment: Northland’s forecast changes were mixed. The firm raised its Q3 2028 EPS estimate to $1.15 from $1.13 and projected FY2027 EPS of $3.81, above the current-year consensus of approximately $3.73–$3.75. However, it reduced estimates for Q1 2028, Q2 2028, Q4 2027, Q4 2028 and FY2028, with the FY2028 forecast falling to $4.40 from $4.48. The revisions may temper enthusiasm about the pace of longer-term earnings growth.
• Negative Sentiment: A director disclosed a sizable insider sale. Julia Blunden sold 2,289 shares for approximately $222,537 at an average price of $97.22, reducing her direct ownership by 23.59% to 7,415 shares. The transaction can weigh on sentiment, although insider sales may reflect personal financial needs rather than a negative view of the business. Nextpower insider sale report

Analysts Set New Price Targets

NXT has been the subject of several research analyst reports. Truist Financial boosted their price objective on shares of Nextpower from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $149.00 target price on shares of Nextpower in a report on Friday, May 29th. UBS Group reiterated a “buy” rating and issued a $160.00 price target on shares of Nextpower in a research note on Monday, August 3rd. Roth Capital reissued a “buy” rating and set a $175.00 price target on shares of Nextpower in a report on Tuesday, July 28th. Finally, Glj Research restated a “buy” rating and set a $149.00 price objective on shares of Nextpower in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.12.

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.