Nextpower (NASDAQ:NXT) Issues FY 2027 Earnings Guidance

Nextpower (NASDAQ:NXT) updated its FY 2027 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 4.300-4.730 for the period, compared to the consensus EPS estimate of 4.460. The company issued revenue guidance of $4.0 billion-$4.4 billion, compared to the consensus revenue estimate of $4.0 billion.

Nextpower Stock Down 2.8%

Shares of NXT opened at $112.84 on Friday. The stock’s 50-day moving average price is $126.62 and its 200-day moving average price is $114.29. Nextpower has a 52 week low of $52.61 and a 52 week high of $163.13. The company has a market capitalization of $16.96 billion, a price-to-earnings ratio of 29.46, a PEG ratio of 2.73 and a beta of 1.86.

Nextpower (NASDAQ:NXT) last announced its earnings results on Tuesday, May 12th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.16. The business had revenue of $880.52 million during the quarter, compared to the consensus estimate of $826.26 million. Nextpower had a return on equity of 28.18% and a net margin of 16.46%.Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. As a group, equities analysts anticipate that Nextpower will post 3.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NXT has been the subject of a number of research reports. Roth Mkm reissued a “buy” rating and set a $155.00 target price on shares of Nextpower in a research note on Wednesday, May 13th. Wells Fargo & Company increased their target price on Nextpower from $143.00 to $151.00 and gave the company an “overweight” rating in a report on Friday, May 29th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $168.00 price target on shares of Nextpower in a research note on Wednesday. KeyCorp raised their price objective on Nextpower from $152.00 to $164.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Finally, Citigroup upped their price objective on shares of Nextpower from $114.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Twenty research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Nextpower presently has a consensus rating of “Moderate Buy” and an average target price of $148.69.

Insider Buying and Selling

In other Nextpower news, CEO Daniel S. Shugar sold 26,077 shares of Nextpower stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $134.72, for a total transaction of $3,513,093.44. Following the transaction, the chief executive officer owned 931,419 shares of the company’s stock, valued at $125,480,767.68. The trade was a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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, insider Bruce Ledesma sold 3,248 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $134.72, for a total value of $437,570.56. Following the completion of the sale, the insider owned 246,130 shares of the company’s stock, valued at approximately $33,158,633.60. This represents a 1.30% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 168,574 shares of company stock valued at $22,559,770 over the last ninety days. Company insiders own 0.56% of the company’s stock.

Institutional Trading of Nextpower

Several institutional investors and hedge funds have recently bought and sold shares of NXT. Smartleaf Asset Management LLC raised its holdings in shares of Nextpower by 107.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 299 shares of the company’s stock worth $26,000 after purchasing an additional 155 shares during the period. First Citizens Bank & Trust Co. grew its stake in Nextpower by 2.1% during the fourth quarter. First Citizens Bank & Trust Co. now owns 8,992 shares of the company’s stock worth $783,000 after buying an additional 184 shares during the period. Redwood Investment Management LLC increased its position in shares of Nextpower by 4.1% in the second quarter. Redwood Investment Management LLC now owns 5,177 shares of the company’s stock worth $281,000 after acquiring an additional 204 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Nextpower by 16.2% in the 4th quarter. UMB Bank n.a. now owns 1,783 shares of the company’s stock valued at $155,000 after acquiring an additional 249 shares during the period. Finally, CIBC Private Wealth Group LLC increased its holdings in Nextpower by 39.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 925 shares of the company’s stock valued at $81,000 after purchasing an additional 262 shares in the last quarter. Hedge funds and other institutional investors own 67.41% of the company’s stock.

About Nextpower

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.