Graphene Investments SAS Sells 8,600 Shares of Nextpower Inc. $NXT

Graphene Investments SAS decreased its position in shares of Nextpower Inc. (NASDAQ:NXT) by 26.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,200 shares of the company’s stock after selling 8,600 shares during the period. Graphene Investments SAS’s holdings in Nextpower were worth $2,917,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in NXT. Smartleaf Asset Management LLC raised its position in Nextpower by 107.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the company’s stock valued at $26,000 after purchasing an additional 155 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted 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 last quarter. Huntington National Bank boosted its holdings in shares of Nextpower by 480.3% in the 4th quarter. Huntington National Bank now owns 383 shares of the company’s stock valued at $33,000 after purchasing an additional 317 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in shares of Nextpower by 76.5% in the 4th quarter. Baillie Gifford & Co. now owns 420 shares of the company’s stock valued at $37,000 after purchasing an additional 182 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Nextpower by 511.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 495 shares of the company’s stock valued at $37,000 after purchasing an additional 414 shares during the last quarter. 67.41% of the stock is owned by institutional investors.

Nextpower Trading Down 2.1%

Nextpower stock opened at $106.85 on Friday. The company has a market capitalization of $16.06 billion, a PE ratio of 27.90, a P/E/G ratio of 2.16 and a beta of 1.86. Nextpower Inc. has a 12 month low of $52.61 and a 12 month high of $163.13. The stock has a 50-day moving average price of $124.35 and a two-hundred day moving average price of $115.67.

Nextpower (NASDAQ:NXT) last released its quarterly earnings results 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 return on equity of 28.18% and a net margin of 16.46%.The company 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. As a group, analysts predict that Nextpower Inc. will post 3.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Nextpower

In other Nextpower news, COO Nicholas Marco Miller sold 22,427 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $156.00, for a total value of $3,498,612.00. Following the completion of the transaction, the chief operating officer directly owned 186,194 shares in the company, valued at approximately $29,046,264. This represents a 10.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bruce Ledesma sold 3,248 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $134.72, for a total transaction of $437,570.56. Following the transaction, the insider directly owned 246,130 shares of the company’s stock, valued at $33,158,633.60. The trade was a 1.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 168,574 shares of company stock worth $22,559,770 over the last quarter. Insiders own 0.84% of the company’s stock.

Wall Street Analyst Weigh In

NXT has been the subject of a number of research analyst reports. Northland Securities boosted their price target on Nextpower from $148.00 to $162.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Mizuho raised their price objective on Nextpower from $130.00 to $142.00 and gave the company a “neutral” rating in a research note on Monday, June 8th. JPMorgan Chase & Co. lifted their target price on Nextpower from $155.00 to $174.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. TD Cowen boosted their target price on Nextpower from $105.00 to $135.00 and gave the stock a “hold” rating in a research note on Wednesday, May 13th. Finally, Susquehanna dropped their target price on shares of Nextpower from $180.00 to $168.00 and set a “positive” rating for the company in a report on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.10.

Nextpower 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.