Franklin Street Advisors Inc. NC Acquires Shares of 5,741 Nextpower Inc. $NXT

Franklin Street Advisors Inc. NC acquired a new position in shares of Nextpower Inc. (NASDAQ:NXT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,741 shares of the company’s stock, valued at approximately $684,000.

Several other institutional investors have also recently made changes to their positions in NXT. Polianta Ltd bought a new position in shares of Nextpower during the second quarter valued at about $1,763,000. MRA Advisory Group bought a new stake in Nextpower in the 2nd quarter worth about $715,000. GAMMA Investing LLC increased its stake in Nextpower by 7.4% in the 2nd quarter. GAMMA Investing LLC now owns 5,531 shares of the company’s stock valued at $659,000 after buying an additional 382 shares during the last quarter. Moody National Bank Trust Division increased its stake in Nextpower by 17.5% in the 2nd quarter. Moody National Bank Trust Division now owns 29,205 shares of the company’s stock valued at $3,479,000 after buying an additional 4,358 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of Nextpower by 9.2% during the 1st quarter. Pacer Advisors Inc. now owns 23,719 shares of the company’s stock worth $2,859,000 after buying an additional 2,002 shares in the last quarter. Institutional investors own 67.41% of the company’s stock.

Insiders Place Their Bets

In other Nextpower news, CFO Charles D. Boynton sold 4,500 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $151.79, for a total value of $683,055.00. Following the sale, the chief financial officer directly owned 358,500 shares in the company, valued at $54,416,715. The trade was a 1.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Nicholas Marco Miller sold 22,427 shares of the business’s stock in a transaction 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 sale, the chief operating officer owned 186,194 shares in the company, valued at approximately $29,046,264. The trade was a 10.75% decrease in their ownership of the stock. 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. Over the last ninety days, insiders sold 170,863 shares of company stock valued at $22,782,306. Company insiders own 0.84% of the company’s stock.

Key Stories 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

Analyst Ratings Changes

A number of brokerages have recently weighed in on NXT. JPMorgan Chase & Co. cut their target price on Nextpower from $179.00 to $152.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. TD Cowen decreased their price target on Nextpower from $135.00 to $118.00 and set a “hold” rating for the company in a research report on Monday, July 20th. Barclays lifted their price target on Nextpower from $142.00 to $147.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Susquehanna reduced their price objective on Nextpower from $168.00 to $157.00 and set a “positive” rating for the company in a research note on Friday, July 31st. Finally, Wall Street Zen lowered Nextpower from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $146.12.

Nextpower Price Performance

Nextpower stock opened at $103.26 on Monday. The firm has a 50 day moving average price of $113.49 and a 200-day moving average price of $116.43. Nextpower Inc. has a twelve month low of $52.61 and a twelve month high of $163.13. The company has a market capitalization of $15.67 billion, a P/E ratio of 26.75, a P/E/G ratio of 2.07 and a beta of 1.95.

Nextpower (NASDAQ:NXT) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.15. Nextpower had a net margin of 16.36% and a return on equity of 26.29%. The company had revenue of $935.17 million for the quarter, compared to analysts’ expectations of $935.39 million. Equities analysts expect that Nextpower Inc. will post 3.73 EPS for the current fiscal year.

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.