MRA Advisory Group Purchases Shares of 6,001 Nextpower Inc. $NXT

MRA Advisory Group acquired a new stake in Nextpower Inc. (NASDAQ:NXT) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,001 shares of the company’s stock, valued at approximately $715,000.

Several other institutional investors have also recently made changes to their positions in NXT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Nextpower by 19.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 437,490 shares of the company’s stock worth $18,436,000 after purchasing an additional 71,842 shares during the period. M&T Bank Corp bought a new stake in shares of Nextpower during the second quarter valued at approximately $223,000. EverSource Wealth Advisors LLC raised its position in shares of Nextpower by 179.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company’s stock valued at $61,000 after buying an additional 724 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Nextpower by 154.0% in the second quarter. Cerity Partners LLC now owns 18,539 shares of the company’s stock worth $1,008,000 after buying an additional 11,239 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in shares of Nextpower by 36.5% in the second quarter. California Public Employees Retirement System now owns 222,960 shares of the company’s stock worth $12,122,000 after buying an additional 59,573 shares in the last quarter. Hedge funds and other institutional investors own 67.41% of the company’s stock.

Insider Buying and Selling at Nextpower

In related news, CFO Charles D. 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 transaction of $683,055.00. Following the sale, the chief financial officer owned 358,500 shares in the company, valued at approximately $54,416,715. This represents 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. Also, Director Julia Blunden sold 2,289 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $97.22, for a total value of $222,536.58. Following the sale, the director owned 7,415 shares in the company, valued at $720,886.30. The trade was a 23.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 170,863 shares of company stock valued at $22,782,306. Corporate insiders own 0.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $149.00 target price on shares of Nextpower in a research note on Friday, May 29th. Wall Street Zen cut shares of Nextpower from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. BMO Capital Markets raised shares of Nextpower from a “hold” rating to an “outperform” rating and set a $132.00 price objective for the company in a report on Friday, July 31st. Mizuho cut their price objective on Nextpower from $142.00 to $111.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $131.00 target price on shares of Nextpower in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $146.12.

Nextpower Stock Up 4.9%

Nextpower stock opened at $103.26 on Friday. The company’s 50-day moving average price is $113.49 and its 200-day moving average price is $116.29. Nextpower Inc. has a twelve month low of $52.61 and a twelve month high of $163.13. The company has a market cap of $15.52 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 1.97 and a beta of 1.95.

Nextpower (NASDAQ:NXT) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.15. The firm had revenue of $935.17 million during the quarter, compared to the consensus estimate of $935.39 million. Nextpower had a net margin of 16.36% and a return on equity of 26.29%. As a group, sell-side analysts expect that Nextpower Inc. will post 3.73 earnings per share for the current fiscal year.

Key Stories Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Analyst support remains favorable. GLJ Research reaffirmed its “Buy” rating, while Northland Securities maintained an “Outperform” rating and a $162 price target. These targets suggest analysts see meaningful long-term upside if Nextpower executes on its growth plans. GLJ Research rating report
• Positive Sentiment: Recent operating results provided a supportive backdrop. Nextpower’s latest quarterly EPS of $1.20 exceeded the $1.05 consensus estimate, although revenue of $935.17 million was essentially in line with expectations. The company reported a 16.36% net margin and 26.29% return on equity.
• Neutral Sentiment: Northland’s forecast changes were mixed. The firm raised its Q3 2028 EPS estimate to $1.15 from $1.13 and projected FY2027 EPS of $3.81, above the current-year consensus of approximately $3.73–$3.75. However, it reduced estimates for Q1 2028, Q2 2028, Q4 2027, Q4 2028 and FY2028, with the FY2028 forecast falling to $4.40 from $4.48. The revisions may temper enthusiasm about the pace of longer-term earnings growth.
• Negative Sentiment: A director disclosed a sizable insider sale. Julia Blunden sold 2,289 shares for approximately $222,537 at an average price of $97.22, reducing her direct ownership by 23.59% to 7,415 shares. The transaction can weigh on sentiment, although insider sales may reflect personal financial needs rather than a negative view of the business. Nextpower insider sale report

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.