Dynamic Technology Lab Private Ltd Makes New Investment in Nextpower Inc. $NXT

Dynamic Technology Lab Private Ltd purchased a new stake in Nextpower Inc. (NASDAQ:NXT - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,690 shares of the company's stock, valued at approximately $201,000.

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Several other institutional investors and hedge funds also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. grew its stake in Nextpower by 703.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 659 shares of the company's stock valued at $28,000 after buying an additional 577 shares in the last quarter. Cullen Frost Bankers Inc. grew its position in shares of Nextpower by 122.3% in the second quarter. Cullen Frost Bankers Inc. now owns 589 shares of the company's stock valued at $32,000 after purchasing an additional 324 shares in the last quarter. Summit Securities Group LLC raised its stake in shares of Nextpower by 796.0% during the 1st quarter. Summit Securities Group LLC now owns 905 shares of the company's stock valued at $38,000 after purchasing an additional 804 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Nextpower during the 1st quarter worth about $40,000. Finally, Hantz Financial Services Inc. lifted its holdings in Nextpower by 1,737.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 827 shares of the company's stock worth $45,000 after purchasing an additional 782 shares in the last quarter. 67.41% of the stock is owned by institutional investors.

Insider Transactions at Nextpower

In other Nextpower news, President Howard Wenger sold 5,217 shares of the company's stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $75.00, for a total value of $391,275.00. Following the completion of the sale, the president owned 409,039 shares of the company's stock, valued at $30,677,925. This represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Charles D. Boynton sold 4,500 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $67.21, for a total transaction of $302,445.00. Following the transaction, the chief financial officer owned 295,059 shares in the company, valued at $19,830,915.39. The trade was a 1.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 67,460 shares of company stock valued at $5,970,201 over the last quarter. 0.56% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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A number of research firms have weighed in on NXT. Zacks Research raised Nextpower to a "hold" rating in a report on Tuesday, August 12th. Jefferies Financial Group boosted their price objective on shares of Nextpower from $84.00 to $104.00 and gave the company a "buy" rating in a research note on Friday, October 24th. Deutsche Bank Aktiengesellschaft set a $99.00 target price on shares of Nextpower and gave the stock a "buy" rating in a report on Friday, October 24th. Cowen reissued a "hold" rating on shares of Nextpower in a report on Friday, October 24th. Finally, Northland Capmk lowered shares of Nextpower from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Nextpower presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.76.

Check Out Our Latest Stock Report on NXT

Nextpower Price Performance

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Shares of NASDAQ:NXT opened at $90.67 on Thursday. The company's fifty day moving average price is $88.18 and its 200-day moving average price is $70.51. The firm has a market capitalization of $13.45 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 3.12 and a beta of 2.31. Nextpower Inc. has a one year low of $33.29 and a one year high of $112.74.

Nextpower (NASDAQ:NXT - Get Free Report) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.21. The company had revenue of $905.27 million during the quarter, compared to the consensus estimate of $839.53 million. Nextpower had a net margin of 17.08% and a return on equity of 35.05%. Nextpower has set its FY 2026 guidance at 4.040-4.250 EPS. As a group, equities research analysts expect that Nextpower Inc. will post 3.29 EPS for the current year.

About Nextpower

Nextpower, formerly known as Nextracker, an energy solutions company, provides solar trackers and software solutions for utility-scale and distributed generation solar projects in the United States and internationally. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain.

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