Nextpower (NASDAQ:NXT) Shares Gap Up – Time to Buy?

Shares of Nextpower Inc. (NASDAQ:NXT) gapped up before the market opened on Monday. The stock had previously closed at $79.33, but opened at $83.41. Nextpower shares last traded at $89.7150, with a volume of 359,454 shares.

Trending Headlines about Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Shares recently rallied after Jefferies named Nextpower a “franchise pick,” replacing GE Vernova. The move followed the company’s earnings beat and raised outlook, which point to stronger business momentum. Jefferies names Nextpower a franchise pick
• Positive Sentiment: Zacks upgraded NXT to Rank #2 (Buy), citing improving earnings prospects. GLJ Research also raised its price target to $158 and maintained a Buy rating; Wells Fargo separately initiated or reiterated a Buy view. Zacks upgrade Wells Fargo Buy rating
• Positive Sentiment: Northland Securities raised several FY2027 and FY2028 earnings forecasts, including its FY2028 estimate to $4.50 per share from $4.40. A Zacks review also highlighted a consensus target implying substantial upside, though price targets are not reliable predictors on their own. Analyst price targets
• Neutral Sentiment: NXT crossed above its 50-day moving average, a potentially supportive technical signal, despite an analyst downgrade referenced in the report headline. Shares cross 50-day average
• Negative Sentiment: Northland’s estimate changes were not uniformly positive: it cut its Q3 2027 EPS forecast, and a report flagged execution and governance risks tied to Nextpower’s Saudi solar joint venture. Another investor commentary noted revenue headwinds, while a recent article questioned whether the stock is fully valued after its rally. Saudi joint venture risks

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NXT shares. Zacks Research cut shares of Nextpower from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Barclays cut their target price on Nextpower from $147.00 to $146.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 13th. Guggenheim raised Nextpower from a “neutral” rating to a “buy” rating and set a $125.00 price target on the stock in a research report on Wednesday, July 15th. BMO Capital Markets lowered their price target on Nextpower from $132.00 to $114.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 21st. Finally, Truist Financial lifted their target price on shares of Nextpower from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Nextpower has a consensus rating of “Moderate Buy” and a consensus target price of $135.58.

Nextpower Price Performance

The company has a market cap of $14.57 billion, a price-to-earnings ratio of 22.95, a P/E/G ratio of 1.90 and a beta of 1.93. The company’s 50-day simple moving average is $82.74 and its 200-day simple moving average is $106.63.

Nextpower (NASDAQ:NXT) last posted its earnings results on Wednesday, October 28th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.21. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.06 billion. Nextpower had a net margin of 15.98% and a return on equity of 25.33%. Equities analysts predict that Nextpower Inc. will post 4.01 EPS for the current fiscal year.

Insider Buying and Selling at Nextpower

In other news, CEO Daniel Shugar sold 67,636 shares of Nextpower stock in a transaction on Monday, August 10th. The stock was sold at an average price of $103.07, for a total value of $6,971,242.52. Following the completion of the sale, the chief executive officer directly owned 871,131 shares of the company’s stock, valued at approximately $89,787,472.17. This trade represents a 7.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Charles Boynton sold 4,500 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $79.98, for a total transaction of $359,910.00. Following the completion of the sale, the chief financial officer owned 354,000 shares of the company’s stock, valued at approximately $28,312,920. This represents a 1.26% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 98,142 shares of company stock valued at $9,817,212 over the last three months. Insiders own 0.84% of the company’s stock.

Hedge Funds Weigh In On Nextpower

Several large investors have recently added to or reduced their stakes in the business. Fundsmith LLP purchased a new position in Nextpower during the 2nd quarter valued at $340,275,000. Pictet Asset Management Holding SA lifted its stake in Nextpower by 69.2% during the 3rd quarter. Pictet Asset Management Holding SA now owns 4,334,659 shares of the company’s stock valued at $337,899,000 after acquiring an additional 1,772,231 shares during the period. Bank of America Corp DE boosted its holdings in Nextpower by 34.6% during the first quarter. Bank of America Corp DE now owns 1,568,235 shares of the company’s stock worth $189,051,000 after buying an additional 402,770 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Nextpower by 134.3% in the first 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. Finally, Robeco Schweiz AG grew its stake in Nextpower by 98.8% during the 3rd quarter. Robeco Schweiz AG now owns 1,721,087 shares of the company’s stock valued at $134,124,000 after acquiring an additional 855,460 shares in the last quarter. Institutional investors own 67.41% of the company’s stock.

Nextpower Company Profile

Nextracker Inc is a renewable energy technology company that designs, manufactures and supplies intelligent solar-tracking systems for utility-scale and large commercial solar power projects. Its systems adjust the position of solar panels throughout the day to help photovoltaic modules capture more sunlight and improve energy production.

The company’s product portfolio includes single-axis solar trackers, structural components, foundations and related hardware, as well as software and controls designed to optimize tracker performance.