Nextpower (NASDAQ:NXT) Updates FY 2027 Earnings Guidance

Nextpower (NASDAQ:NXT) issued an update on its FY 2027 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 4.300-4.730 for the period, compared to the consensus estimate of 4.460. The company issued revenue guidance of $4.0 billion-$4.4 billion, compared to the consensus revenue estimate of $4.0 billion.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NXT. JPMorgan Chase & Co. lifted their target price on shares of Nextpower from $155.00 to $174.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. Robert W. Baird raised their target price on Nextpower from $133.00 to $156.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Citigroup upped their price target on Nextpower from $114.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. BMO Capital Markets boosted their target price on shares of Nextpower from $113.00 to $125.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. Finally, BNP Paribas Exane increased their target price on shares of Nextpower from $177.00 to $182.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Twenty research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.52.

Nextpower Stock Performance

Shares of NXT stock opened at $119.14 on Wednesday. Nextpower has a 52 week low of $52.61 and a 52 week high of $163.13. The stock has a market capitalization of $17.90 billion, a PE ratio of 31.11, a PEG ratio of 2.60 and a beta of 1.73. The stock’s fifty day moving average is $126.33 and its 200-day moving average is $113.94.

Nextpower (NASDAQ:NXT) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $1.05 earnings per share (EPS) 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 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 forecast that Nextpower will post 3.71 earnings per share for the current fiscal year.

Insider Activity at Nextpower

In related news, President Howard Wenger sold 62,670 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $130.25, for a total value of $8,162,767.50. Following the completion of the transaction, the president owned 426,467 shares in the company, valued at $55,547,326.75. The trade was a 12.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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, COO Nicholas Marco Miller sold 24,511 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $127.32, for a total value of $3,120,740.52. Following the transaction, the chief operating officer directly owned 221,533 shares in the company, valued at approximately $28,205,581.56. This represents a 9.96% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 168,574 shares of company stock valued at $22,559,770 in the last three months. 0.56% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NXT. State Street Corp grew its position in shares of Nextpower by 0.6% during the 3rd quarter. State Street Corp now owns 5,391,696 shares of the company’s stock worth $398,932,000 after buying an additional 31,689 shares during the period. Invesco Ltd. boosted its stake in Nextpower by 5.1% in the fourth quarter. Invesco Ltd. now owns 2,864,660 shares of the company’s stock valued at $249,541,000 after acquiring an additional 139,211 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Nextpower by 4.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,429,410 shares of the company’s stock worth $211,627,000 after acquiring an additional 111,782 shares during the period. Amundi grew its holdings in Nextpower by 156.1% during the 3rd quarter. Amundi now owns 2,111,628 shares of the company’s stock worth $161,600,000 after acquiring an additional 1,287,071 shares during the period. Finally, Northern Trust Corp raised its position in shares of Nextpower by 0.3% during the 3rd quarter. Northern Trust Corp now owns 1,885,186 shares of the company’s stock valued at $139,485,000 after acquiring an additional 5,553 shares during the last quarter. 67.41% of the stock is currently owned by institutional investors and hedge funds.

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.