Arbejdsmarkedets Tillaegspension Purchases Shares of 262,576 Nextpower Inc. $NXT

Arbejdsmarkedets Tillaegspension acquired a new stake in Nextpower Inc. (NASDAQ:NXT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 262,576 shares of the company’s stock, valued at approximately $22,873,000.

A number of other hedge funds also recently made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Nextpower by 19.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 437,490 shares of the company’s stock worth $18,436,000 after purchasing an additional 71,842 shares in the last quarter. M&T Bank Corp acquired a new stake in Nextpower in the 2nd quarter valued at about $223,000. EverSource Wealth Advisors LLC increased its position in Nextpower by 179.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company’s stock valued at $61,000 after acquiring an additional 724 shares in the last quarter. Cerity Partners LLC increased its position in Nextpower by 154.0% in the 2nd quarter. Cerity Partners LLC now owns 18,539 shares of the company’s stock valued at $1,008,000 after acquiring an additional 11,239 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in Nextpower by 36.5% in the 2nd quarter. California Public Employees Retirement System now owns 222,960 shares of the company’s stock valued at $12,122,000 after acquiring an additional 59,573 shares in the last quarter. Institutional investors and hedge funds own 67.41% of the company’s stock.

Key Nextpower News

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

Insiders Place Their Bets

In related news, CEO Daniel S. Shugar sold 59,456 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $105.17, for a total transaction of $6,252,987.52. Following the completion of the sale, the chief executive officer owned 746,339 shares of the company’s stock, valued at $78,492,472.63. This represents a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.56% of the stock is owned by corporate insiders.

Nextpower Stock Performance

NXT stock opened at $144.29 on Friday. The company’s 50-day simple moving average is $117.98 and its 200 day simple moving average is $106.30. Nextpower Inc. has a 52 week low of $51.69 and a 52 week high of $156.78. The company has a market capitalization of $21.42 billion, a PE ratio of 37.67, a price-to-earnings-growth ratio of 6.84 and a beta of 1.60.

Nextpower (NASDAQ:NXT) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $826.26 million. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. On average, analysts forecast that Nextpower Inc. will post 3.8 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NXT. TD Cowen raised their target price on shares of Nextpower from $105.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday. Jefferies Financial Group reissued a “buy” rating and set a $145.00 price objective on shares of Nextpower in a research note on Wednesday. Loop Capital set a $135.00 price objective on shares of Nextpower in a research note on Wednesday. Wells Fargo & Company lifted their price objective on shares of Nextpower from $127.00 to $143.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Needham & Company LLC raised their target price on shares of Nextpower from $103.00 to $138.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $135.71.

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.