JPMorgan Chase & Co. Issues Pessimistic Forecast for Nextpower (NASDAQ:NXT) Stock Price

Nextpower (NASDAQ:NXT) had its price objective decreased by equities research analysts at JPMorgan Chase & Co. from $179.00 to $152.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 66.93% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Northland Securities raised their target price on Nextpower from $148.00 to $162.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Weiss Ratings cut Nextpower from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Susquehanna reduced their price objective on Nextpower from $168.00 to $157.00 and set a “positive” rating on the stock in a research note on Friday. Robert W. Baird lifted their target price on Nextpower from $133.00 to $156.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Finally, Truist Financial boosted their target price on Nextpower from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Nextpower presently has a consensus rating of “Moderate Buy” and an average target price of $149.70.

Nextpower Trading Down 6.0%

Nextpower stock traded down $5.84 during trading hours on Friday, reaching $91.06. 3,744,280 shares of the stock were exchanged, compared to its average volume of 2,446,866. The company has a market cap of $13.68 billion, a P/E ratio of 23.73, a price-to-earnings-growth ratio of 1.85 and a beta of 1.86. Nextpower has a twelve month low of $52.61 and a twelve month high of $163.13. The stock has a 50 day moving average of $118.31 and a two-hundred day moving average of $116.47.

Nextpower (NASDAQ:NXT) last issued its earnings results on Thursday, July 30th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.05 by $0.15. Nextpower had a net margin of 16.46% and a return on equity of 28.18%. The company had revenue of $935.17 million during the quarter, compared to analysts’ expectations of $935.39 million. On average, analysts expect that Nextpower will post 3.73 earnings per share for the current fiscal year.

Insider Transactions at Nextpower

In other news, President Howard Wenger sold 62,670 shares of Nextpower stock in a transaction on 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 transaction, the president owned 426,467 shares in the company, valued at approximately $55,547,326.75. The trade was a 12.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 on Tuesday, May 26th. The stock was sold at an average price of $134.72, for a total transaction of $3,513,093.44. Following the completion of the sale, the chief executive officer directly owned 931,419 shares in the company, valued at approximately $125,480,767.68. This represents a 2.72% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 168,574 shares of company stock worth $22,559,770. 0.84% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Nextpower in the fourth quarter valued at about $170,918,000. Amundi boosted its holdings in Nextpower by 156.1% in the third quarter. Amundi now owns 2,111,628 shares of the company’s stock valued at $161,600,000 after acquiring an additional 1,287,071 shares during the last quarter. Janus Henderson Group PLC increased its position in Nextpower by 134.3% during the 1st quarter. Janus Henderson Group PLC now owns 1,362,466 shares of the company’s stock valued at $164,488,000 after purchasing an additional 780,958 shares during the period. Electron Capital Partners LLC raised its holdings in Nextpower by 2,017.7% during the 3rd quarter. Electron Capital Partners LLC now owns 566,415 shares of the company’s stock worth $41,909,000 after purchasing an additional 539,668 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its stake in shares of Nextpower by 142.3% in the 4th quarter. Lord Abbett & CO. LLC now owns 848,110 shares of the company’s stock valued at $73,879,000 after purchasing an additional 498,110 shares during the last quarter. 67.41% of the stock is owned by institutional investors.

Key Stories Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower reported record fiscal 2026 revenue of $3.56 billion and raised its fiscal 2027 outlook, signaling continued demand and improving growth prospects. Nextpower posts record $3.56 billion FY26 revenue, raises 2027 outlook
• Positive Sentiment: Fiscal Q1 2027 adjusted earnings came in at $1.20 per share, above the $1.05 consensus estimate. Revenue reached $935.2 million, up 8.2% year over year, while gross profit increased 19.2% and operating cash flow rose 48.9% to $121.1 million. Nextpower Q1 earnings and revenues surpass estimates
• Positive Sentiment: Nextpower completed its acquisition of Zigor Corporation’s power-conversion assets and Apex Power, expanding its inverter platform and accelerating U.S. manufacturing capabilities. Nextpower completes acquisition of power conversion assets
• Positive Sentiment: Truist raised its price target to $145 and maintained a Buy rating. Susquehanna lowered its target to $157 but retained a Positive rating, leaving both targets well above the recent share price. Roth Capital also reiterated its Buy rating. Nextpower analyst price target changes
• Neutral Sentiment: Revenue was approximately $935 million, narrowly below analyst expectations of $935.4 million. The modest top-line shortfall may have contributed to the weaker market reaction despite the earnings beat.
• Negative Sentiment: Reported insider-trading data showed no insider purchases and 24 insider sales during the past six months, including sales by senior executives. While such transactions may be scheduled or compensation-related, the pattern can weigh on investor sentiment. Nextpower earnings and insider trading activity

About Nextpower

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.