Nextpower (NASDAQ:NXT) CFO Charles Boynton Sells 4,500 Shares

Nextpower Inc. (NASDAQ:NXT) CFO Charles Boynton sold 4,500 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $151.79, for a total value of $683,055.00. Following the transaction, the chief financial officer directly owned 358,500 shares in the company, valued at $54,416,715. The trade was a 1.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nextpower Trading Up 5.0%

NXT opened at $152.22 on Wednesday. Nextpower Inc. has a 12-month low of $51.69 and a 12-month high of $163.13. The business’s fifty day simple moving average is $122.42 and its 200-day simple moving average is $108.73. The company has a market capitalization of $22.87 billion, a price-to-earnings ratio of 39.74, a PEG ratio of 3.75 and a beta of 1.73.

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

Institutional Investors Weigh In On Nextpower

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NXT. Westfield Capital Management Co. LP raised its stake in shares of Nextpower by 6.1% in the third quarter. Westfield Capital Management Co. LP now owns 1,398,057 shares of the company’s stock worth $103,442,000 after purchasing an additional 80,493 shares during the last quarter. New York Life Investment Management LLC purchased a new position in shares of Nextpower in the third quarter worth about $1,008,000. Legal & General Group Plc raised its stake in shares of Nextpower by 4.6% in the fourth quarter. Legal & General Group Plc now owns 414,304 shares of the company’s stock worth $36,090,000 after purchasing an additional 18,380 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Nextpower by 23.4% in the third quarter. American Century Companies Inc. now owns 675,886 shares of the company’s stock worth $50,009,000 after purchasing an additional 128,296 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its stake in shares of Nextpower by 938.0% in the third quarter. Allianz Asset Management GmbH now owns 794,538 shares of the company’s stock worth $58,788,000 after purchasing an additional 717,991 shares during the last quarter. 67.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NXT has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on Nextpower from $155.00 to $174.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. BMO Capital Markets raised their price objective on Nextpower from $113.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. Barclays raised their price objective on Nextpower from $123.00 to $142.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. TD Cowen increased their price target on Nextpower from $105.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, May 13th. Finally, BNP Paribas Exane increased their price target on Nextpower from $177.00 to $182.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Twenty analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $147.18.

Key Headlines Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Northland Securities raised multiple forward EPS estimates for Nextpower, including Q1 2027, Q1 2028, Q2 2028, Q3 2028 and Q4 2028, while keeping an Outperform rating and a $162 price target, signaling confidence in long-term earnings growth. MarketBeat NXT page
• Positive Sentiment: Nextpower filed a patent infringement lawsuit against GameChange Solar, which may protect its tracker and energy-management technology and support its competitive position in solar infrastructure. Nextpower Files Patent Lawsuit Against GameChange Solar
• Neutral Sentiment: GameChange Energy said it will vigorously defend the patent claims, introducing some litigation uncertainty for both sides. GameChange Energy response
• Negative Sentiment: COO Nicholas Marco Miller sold 22,427 shares and CFO Charles D. Boynton sold 4,500 shares under pre-arranged trading plans. While routine, insider selling can temper enthusiasm if investors worry management sees less near-term upside. Insider trades alert

Nextpower Company 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.