Stocks · News reference
Mizuho analyst Maheep Mandloi maintains Nextpower (NASDAQ:NXT) with a Neutral and lowers the price target from $142 to $111.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Nextpower (NXT) gained 1.15% to $83.50 in the latest session, outpacing the S&P 500's 1.06% gain. However, the stock has depreciated 17.29% over the past month, underperforming its sector. The company is expected to report EPS of $1.11 (down 6.72% YoY) with revenue projected at $1.06 billion (up 17.57% YoY). Nextpower carries a Zacks Rank #3 (Hold) with a Forward P/E of 17.85, trading at a premium to its industry average of 11.4.
Elon Musk’s solar push comes as AI data centers drive soaring power demand, creating a potential tailwind for clean energy ETFs.
Nextpower (NXT) fell 4.55% in the latest trading session, significantly underperforming the S&P 500's 0.25% decline. The solar energy equipment supplier has dropped 7.55% over the past month while the broader market gained 4.34%. Despite projected revenue growth of 17.57% for the upcoming earnings report, the stock trades at a premium valuation with a Forward P/E of 19.37 versus the industry average of 11.83, and holds a Zacks Rank #3 (Hold) rating.
Nextpower™ (Nasdaq: NXT), a leading provider of clean power technology solutions, today announced that the U.S. Patent and Trademark Office has issued U.S. patent number 12,712,292, which covers its NX PowerMerge™