Q3 EPS Estimate for Nextpower Reduced by Analyst

Nextpower Inc. (NASDAQ:NXT) – Equities researchers at Northland Securities lowered their Q3 2027 EPS estimates for Nextpower in a report issued on Thursday, October 29th. Northland Securities analyst G. Richard now anticipates that the company will post earnings per share of $0.68 for the quarter, down from their prior estimate of $0.99. The consensus estimate for Nextpower’s current full-year earnings is $3.84 per share. Northland Securities also issued estimates for Nextpower’s Q4 2027 earnings at $1.07 EPS, FY2027 earnings at $3.97 EPS, Q1 2028 earnings at $0.99 EPS, Q3 2028 earnings at $1.25 EPS, Q4 2028 earnings at $1.12 EPS and FY2028 earnings at $4.50 EPS.

Nextpower (NASDAQ:NXT) last released its earnings results on Wednesday, October 28th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.10 by $0.21. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Nextpower had a net margin of 15.98% and a return on equity of 26.13%.

Other equities research analysts also recently issued research reports about the company. Guggenheim raised Nextpower from a “neutral” rating to a “buy” rating and set a $125.00 price objective for the company in a research report on Wednesday, July 15th. Freedom Capital upgraded Nextpower from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. reduced their target price on Nextpower from $136.00 to $134.00 and set an “overweight” rating on the stock in a research report on Thursday, October 29th. Wells Fargo & Company decreased their price target on Nextpower from $151.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Citigroup restated an “outperform” rating on shares of Nextpower in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.23.

Nextpower Stock Up 14.9%

Shares of Nextpower stock opened at $91.13 on Tuesday. Nextpower has a fifty-two week low of $75.40 and a fifty-two week high of $163.13. The firm has a market cap of $13.83 billion, a PE ratio of 22.95, a P/E/G ratio of 1.98 and a beta of 1.94. The business’s fifty day moving average is $82.51 and its two-hundred day moving average is $106.62.

Insider Activity at Nextpower

In other news, Director Julia Blunden sold 3,723 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $88.08, for a total transaction of $327,921.84. Following the completion of the sale, the director directly owned 6,434 shares of the company’s stock, valued at $566,706.72. The trade was a 36.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Howard Wenger sold 11,176 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $104.78, for a total value of $1,171,021.28. Following the sale, the president owned 419,868 shares of the company’s stock, valued at approximately $43,993,769.04. The trade was a 2.59% decrease in their ownership of the stock. 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 have sold a total of 100,431 shares of company stock valued at $10,039,748 over the last 90 days. 0.84% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Heritage Family Offices LLP purchased a new position in shares of Nextpower in the 3rd quarter worth about $29,000. Signature Equity Partners LLC lifted its stake in shares of Nextpower by 76.4% in the 1st quarter. Signature Equity Partners LLC now owns 261 shares of the company’s stock valued at $31,000 after purchasing an additional 113 shares in the last quarter. Continuum Advisory LLC purchased a new stake in shares of Nextpower during the 2nd quarter worth about $37,000. Root Financial Partners LLC grew its holdings in shares of Nextpower by 30.0% during the 1st 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 period. Finally, Trust Co. of Vermont purchased a new stake in shares of Nextpower during the 2nd quarter worth about $63,000. Institutional investors and hedge funds own 67.41% of the company’s stock.

Key Headlines Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Jefferies named Nextpower a “franchise pick,” replacing GE Vernova on its preferred list. The endorsement signals confidence in the company’s long-term competitive position and growth prospects. Nextpower rallies 15% after Jefferies names franchise pick
• Positive Sentiment: Nextpower beat quarterly expectations, reporting earnings of $1.31 per share versus the $1.10 consensus, while revenue of $1.11 billion exceeded estimates of $1.06 billion. Management also raised its guidance, supporting expectations for continued earnings growth. Nextpower beats and lifts guidance
• Positive Sentiment: The earnings call highlighted record growth and an improved outlook, reinforcing the view that demand and operating momentum remain strong. Nextpower earnings call highlights record growth and raised outlook
• Positive Sentiment: Wells Fargo reiterated a Buy rating, adding to the positive analyst sentiment surrounding the stock. Nextpower gets a Buy from Wells Fargo
• Neutral Sentiment: Janus Henderson maintained a long-term bullish view despite identifying revenue headwinds, suggesting institutional investors remain constructive but expect uneven near-term performance. Nextpower faces revenue headwinds
• Negative Sentiment: Wells Fargo trimmed its price target, and commentary has raised concerns that the stock may already reflect much of the improved outlook. This creates valuation risk after the recent rally. Nextpower price target trimmed
• Negative Sentiment: Risks surrounding the Saudi solar joint venture—including execution and governance concerns—could complicate Nextpower’s international expansion and financial outlook. Risks cloud Saudi solar expansion

About Nextpower

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.