Nextpower (NASDAQ:NXT) Given New $143.00 Price Target at Needham & Company LLC

Nextpower (NASDAQ:NXT) had its price objective dropped by equities research analysts at Needham & Company LLC from $149.00 to $143.00 in a research note issued to investors on Thursday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC‘s price target suggests a potential upside of 74.22% from the company’s current price.

Several other equities analysts have also recently commented on NXT. UBS Group restated a “buy” rating and issued a $160.00 target price on shares of Nextpower in a research report on Monday, August 3rd. Truist Financial lifted their price objective on shares of Nextpower from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Susquehanna cut their target price on Nextpower from $157.00 to $150.00 and set a “positive” rating for the company in a research note on Wednesday, October 14th. Piper Sandler reduced their target price on Nextpower from $116.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday, September 30th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $168.00 price target on shares of Nextpower in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $139.54.

Nextpower Stock Performance

NXT opened at $82.08 on Thursday. Nextpower has a fifty-two week low of $75.40 and a fifty-two week high of $163.13. The company has a market capitalization of $12.45 billion, a P/E ratio of 21.26, a P/E/G ratio of 1.90 and a beta of 1.94. The stock has a fifty day moving average of $82.83 and a 200-day moving average of $106.82.

Nextpower (NASDAQ:NXT) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.21. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.06 billion. Nextpower had a return on equity of 26.29% and a net margin of 16.36%. On average, equities research analysts predict that Nextpower will post 3.80 earnings per share for the current fiscal year.

Insider Buying and Selling at Nextpower

In other Nextpower news, CFO Charles D. Boynton sold 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $79.98, for a total value of $359,910.00. Following the sale, the chief financial officer owned 354,000 shares in the company, valued at $28,312,920. This trade represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Brandi Thomas sold 7,415 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $91.25, for a total transaction of $676,618.75. Following the sale, the director directly owned 7,914 shares in the company, valued at approximately $722,152.50. The trade was a 48.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 100,431 shares of company stock worth $10,039,748 over the last 90 days. 0.84% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NXT. Signature Equity Partners LLC grew its position in Nextpower by 76.4% during the 1st quarter. Signature Equity Partners LLC now owns 261 shares of the company’s stock worth $31,000 after acquiring an additional 113 shares during the last quarter. Continuum Advisory LLC bought a new position in Nextpower in the second quarter valued at about $37,000. Root Financial Partners LLC boosted its stake in shares of Nextpower by 30.0% during the first quarter. Root Financial Partners LLC now owns 446 shares of the company’s stock valued at $54,000 after purchasing an additional 103 shares in the last quarter. Trust Co. of Vermont bought a new stake in shares of Nextpower during the second quarter worth about $63,000. Finally, Westfuller Advisors LLC acquired a new stake in Nextpower during the 1st quarter worth approximately $66,000. 67.41% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower reported adjusted earnings of $1.31 per share, exceeding the $1.10 analyst consensus and rising from $1.19 a year earlier. Revenue reached $1.11 billion, above the $1.06 billion estimate. Nextpower Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management issued third-quarter fiscal 2027 earnings guidance and coverage indicated that the company raised its broader outlook after reporting approximately 34% year-over-year revenue growth. The company’s reported backlog of roughly $6 billion also supports visibility into future demand. Nextpower Provides Earnings Guidance
• Positive Sentiment: Nextpower authorized a $500 million share buyback. With reported cash reserves of approximately $953 million, the repurchase program may support earnings per share and signal management confidence in the company’s financial position. Nextpower Stock Jumps on Revenue Growth and Buyback
• Neutral Sentiment: The quarter marked another estimate beat—described in coverage as the company’s sixth consecutive beat—but investors will be watching whether Nextpower can sustain its growth trajectory while executing its newly issued quarterly guidance. Nextpower Q2 2027 Earnings Overview
• Negative Sentiment: Despite stronger sales and earnings, coverage noted that margins declined. Continued margin pressure could limit the benefit of revenue growth and remains a key risk for the stock. Nextpower Q2 2027 Earnings Call Transcript

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.