Nextpower Inc. $NXT Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its holdings in Nextpower Inc. (NASDAQ:NXT) by 29.8% during the 4th quarter, Holdings Channel reports. The firm owned 87,652 shares of the company’s stock after selling 37,188 shares during the period. Intech Investment Management LLC’s holdings in Nextpower were worth $7,635,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Huntington National Bank lifted its stake in shares of Nextpower by 480.3% during the fourth quarter. Huntington National Bank now owns 383 shares of the company’s stock valued at $33,000 after buying an additional 317 shares during the period. Geode Capital Management LLC lifted its stake in shares of Nextpower by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 4,021,741 shares of the company’s stock valued at $350,385,000 after buying an additional 236,593 shares during the period. Williamson Legacy Group LLC purchased a new position in shares of Nextpower during the fourth quarter valued at approximately $1,329,000. Flputnam Investment Management Co. purchased a new position in shares of Nextpower during the fourth quarter valued at approximately $615,000. Finally, Clearstead Advisors LLC lifted its stake in shares of Nextpower by 119.3% during the fourth quarter. Clearstead Advisors LLC now owns 3,277 shares of the company’s stock valued at $285,000 after buying an additional 1,783 shares during the period. 67.41% of the stock is currently owned by institutional investors and hedge funds.

Nextpower News Summary

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower announced a definitive agreement to acquire Prevalon Energy, a move that opens a new battery energy storage and AI data center infrastructure growth channel and could broaden its total addressable market. Article: Nextpower Announces Entry into Battery Energy Storage (BESS) and AI Data Center Markets…
• Positive Sentiment: The company also raised its fiscal 2027 outlook, reinforcing confidence that the acquisition and related market expansion could accelerate future revenue and EBITDA growth. Article: A Green Energy Revival Is Under Way. Nextpower Is Leading the Charge.
• Positive Sentiment: Several analysts turned more constructive, with multiple firms raising price targets and reiterating overweight/buy ratings, including JPMorgan, KeyCorp, BNP Paribas Exane, and Wells Fargo. Article: Analyst price target updates on Nextpower
• Neutral Sentiment: Insider sales by executives were disclosed, but they were described as pre-arranged 10b5-1 transactions and tax-withholding sales tied to equity vesting, which makes them less likely to be read as a negative operating signal. Article: Daniel Shugar Sells 26,077 Shares of Nextpower (NASDAQ:NXT) Stock

Insider Buying and Selling at Nextpower

In other news, President Howard Wenger sold 62,670 shares of the firm’s stock in a transaction 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 transaction, the president owned 426,467 shares of the company’s stock, valued at approximately $55,547,326.75. This trade represents a 12.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $127.32, for a total transaction of $3,120,740.52. Following the completion of 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. In the last quarter, insiders sold 240,995 shares of company stock worth $28,661,778. 0.56% of the stock is currently owned by insiders.

Nextpower Stock Up 14.0%

NASDAQ:NXT opened at $156.40 on Friday. The company has a market cap of $23.22 billion, a P/E ratio of 40.84, a P/E/G ratio of 3.90 and a beta of 1.60. Nextpower Inc. has a fifty-two week low of $51.69 and a fifty-two week high of $163.13. The firm’s 50 day moving average is $121.89 and its two-hundred day moving average is $108.44.

Nextpower (NASDAQ:NXT) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.16. The company had revenue of $880.52 million for the quarter, compared to the consensus estimate of $826.26 million. Nextpower had a net margin of 16.46% and a return on equity of 28.18%. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. Research analysts forecast that Nextpower Inc. will post 3.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Wolfe Research reissued an “outperform” rating and set a $160.00 price objective on shares of Nextpower in a research note on Friday. Susquehanna upped their price objective on shares of Nextpower from $136.00 to $161.00 and gave the company a “positive” rating in a research note on Wednesday, May 13th. Royal Bank Of Canada increased their price target on shares of Nextpower from $146.00 to $149.00 and gave the stock an “outperform” rating in a research note on Friday. UBS Group reaffirmed a “buy” rating and set a $170.00 price target on shares of Nextpower in a research note on Friday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $149.00 price target on shares of Nextpower in a research note on Friday. Twenty analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Nextpower has a consensus rating of “Moderate Buy” and a consensus price target of $146.39.

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.