Nextpower (NASDAQ:NXT) Trading Down 8.7% – Should You Sell?

01 Jun 2026, 15:53 by Sarita Garza · The Markets Daily

Nextpower Inc. (NASDAQ:NXT – Get Free Report) shares traded down 8.7% during trading on Monday . The stock traded as low as $144.53 and last traded at $142.77. 309,113 shares were traded during mid-day trading, a decline of 85% from the average session volume of 2,074,874 shares. The stock had previously closed at $156.40.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Weiss Ratings raised Nextpower from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $140.00 price target on shares of Nextpower in a report on Thursday, May 14th. 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 note on Friday. Wells Fargo & Company raised their price objective on Nextpower from $143.00 to $151.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Loop Capital set a $135.00 price objective on Nextpower in a research note on Wednesday, May 13th. Twenty research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Nextpower has a consensus rating of “Moderate Buy” and an average target price of $147.18.

Check Out Our Latest Stock Analysis on Nextpower

Nextpower Price Performance

The firm has a 50-day simple moving average of $121.89 and a two-hundred day simple moving average of $108.45. The company has a market cap of $21.66 billion, a PE ratio of 37.64, a P/E/G ratio of 4.05 and a beta of 1.73.

Nextpower (NASDAQ:NXT – Get Free Report) last released its quarterly 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 company 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. Equities research analysts forecast that Nextpower Inc. will post 3.58 EPS for the current year.

Insider Buying and Selling

In other Nextpower news, COO Nicholas Marco Miller sold 24,511 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $127.32, for a total transaction of $3,120,740.52. Following the completion of the transaction, the chief operating officer owned 221,533 shares of the company’s stock, valued at approximately $28,205,581.56. This trade represents a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Daniel S. Shugar sold 59,456 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $105.17, for a total value of $6,252,987.52. Following the transaction, the chief executive officer directly owned 746,339 shares of the company’s stock, valued at $78,492,472.63. The trade was a 7.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 240,995 shares of company stock worth $28,661,778. 0.56% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Nextpower

Hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC grew its position in shares of Nextpower by 107.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the company’s stock valued at $26,000 after purchasing an additional 155 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in shares of Nextpower by 268.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 306 shares of the company’s stock valued at $28,000 after purchasing an additional 223 shares during the period. Signature Equity Partners LLC grew its position in shares of Nextpower by 76.4% in the first quarter. Signature Equity Partners LLC now owns 261 shares of the company’s stock valued at $31,000 after purchasing an additional 113 shares during the period. Huntington National Bank grew its position in shares of Nextpower by 480.3% in the fourth quarter. Huntington National Bank now owns 383 shares of the company’s stock valued at $33,000 after purchasing an additional 317 shares during the period. Finally, Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Nextpower in the third quarter valued at $36,000. Hedge funds and other institutional investors own 67.41% of the company’s stock.

Nextpower Company Profile

(Get Free Report)

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.