Nextpower (NASDAQ:NXT) Given New $125.00 Price Target at Wells Fargo & Company

Nextpower (NASDAQ:NXT) had its price objective reduced by research analysts at Wells Fargo & Company from $151.00 to $125.00 in a report issued on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 59.90% from the stock’s current price.

A number of other research analysts have also commented on the stock. Mizuho lowered their price objective on shares of Nextpower from $111.00 to $101.00 and set a “neutral” rating on the stock in a research note on Thursday, October 15th. Royal Bank Of Canada reduced their target price on shares of Nextpower from $149.00 to $147.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft set a $137.00 price target on shares of Nextpower in a report on Monday, August 3rd. JPMorgan Chase & Co. lowered their target price on Nextpower from $136.00 to $134.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Jefferies Financial Group set a $115.00 price objective on shares of Nextpower in a research report on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Nextpower presently has an average rating of “Moderate Buy” and an average price target of $136.00.

Nextpower Stock Down 2.1%

Shares of NASDAQ NXT traded down $1.66 during mid-day trading on Friday, hitting $78.17. 414,504 shares of the company were exchanged, compared to its average volume of 2,381,609. The firm has a market cap of $11.86 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 1.98 and a beta of 1.94. Nextpower has a 1-year low of $75.40 and a 1-year high of $163.13. The stock has a 50 day simple moving average of $82.58 and a 200-day simple moving average of $106.76.

Nextpower (NASDAQ:NXT) last announced its 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. Nextpower had a net margin of 15.98% and a return on equity of 26.13%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.06 billion. Analysts anticipate that Nextpower will post 3.80 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Brandi Thomas sold 7,415 shares of Nextpower stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $91.25, for a total transaction of $676,618.75. Following the completion of the transaction, the director owned 7,914 shares in the company, valued at approximately $722,152.50. This trade represents a 48.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Howard Wenger sold 11,176 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $104.78, for a total value of $1,171,021.28. Following the completion of the sale, the president owned 419,868 shares in the company, valued at approximately $43,993,769.04. This trade represents a 2.59% 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. Over the last quarter, insiders sold 100,431 shares of company stock valued at $10,039,748. Corporate insiders own 0.84% of the company’s stock.

Institutional Trading of Nextpower

A number of institutional investors have recently bought and sold shares of the business. Signature Equity Partners LLC lifted its holdings in shares of 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 period. Continuum Advisory LLC acquired a new position in Nextpower during the second quarter valued at approximately $37,000. Root Financial Partners LLC lifted its stake in Nextpower by 30.0% during the first quarter. Root Financial Partners LLC now owns 446 shares of the company’s stock worth $54,000 after purchasing an additional 103 shares during the last quarter. Trust Co. of Vermont acquired a new stake in shares of Nextpower in the 2nd quarter valued at $63,000. Finally, Westfuller Advisors LLC acquired a new stake in shares of Nextpower in the 1st quarter valued at $66,000. Institutional investors own 67.41% of the company’s stock.

Trending Headlines about Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower reported fiscal Q2 2027 adjusted earnings of $1.31 per share, ahead of the $1.10 consensus estimate, while revenue reached $1.11 billion versus expectations of $1.06 billion. Earnings also increased from $1.19 per share a year earlier. Nextpower Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management raised fiscal 2027 EPS guidance to $4.61-$4.87, above the $4.50 analyst consensus. Revenue guidance of $4.2-$4.5 billion brackets the $4.3 billion consensus, with the midpoint modestly above expectations.
• Positive Sentiment: The company authorized a $500 million share repurchase program, supported by approximately $953 million in cash, which could provide a demand catalyst and signal confidence in future cash generation. Nextpower Stock: Revenue Surges and Buyback
• Positive Sentiment: Analysts remain constructive: JPMorgan, Susquehanna, and Needham retained bullish ratings, with target prices implying substantial potential upside even after revisions.

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.