Baird Cuts Nextpower (NXT) Price Target to $116
Key Points
- Baird maintained an Outperform rating on Nextpower Inc. on September 22, 2026, lowering its price target to $116.00 from $156.00.
- Baird's $116 price target implies 44.46% upside from Nextpower Inc.'s ($NXT) current $80.30 share price.
- Institutional investors like Primecap Management and Fundsmith adjusted their stakes in Nextpower ahead of the autumn updates.
- Nextpower is scheduled to report its next round of quarterly financial results on October 28, 2026.
Since the rating, $NXT is down 3.9% after 1 week and down 3.4% to date (from the $82.52 close on Sep 22, 2026).
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On September 22, 2026, Baird maintained its Outperform rating on Nextpower Inc. while lowering its price target from $156.00 to $116.00. The research note provides the firm's forward-looking view on the solar technology provider, following earlier target revisions across Wall Street.
NXT
Nextpower Inc.
Baird's Call on Nextpower Inc.
On September 22, 2026, Baird maintained its Outperform rating on Nextpower Inc. while adjusting its price target down to $116.00 from $156.00. The stock closed at $82.52 on the day of the rating update.
Other Institutional Activity in Nextpower Inc.
Institutional investors made notable adjustments to their portfolios leading into the second half of the year. Primecap Management Company reduced its holdings by 72,344 shares, ending with 6,688,767 shares worth about $533,094,709 in its report dated June 30, 2026. Meanwhile, Fundsmith LLP grew its holdings by 1,428,046 shares, ending with 2,856,092 shares worth about $227,630,523.
Nextpower Inc. Stock Down 0.2%
Nextpower shares recently traded around $80.30 as of October 16, 2026, sitting about 2.7% below their closing price of $82.52 on the date of Baird's report.
$NXT price target
Nextpower Inc. daily closes and this analyst's $116 target. Not advice.
Recent Earnings
Nextpower reported trailing twelve month revenue of $3.63 billion and earnings of $3.87 per share. The company is scheduled to release its next earnings report on October 28, 2026.
Insider Buying and Selling at Nextpower Inc.
Several company insiders completed transactions during August and September 2026. President Howard J Wenger sold 11,176 shares on August 11 for about $1.17 million. Director Brandi Elizabeth Thomas sold 7,415 shares on August 19 for about $676,619. Director Julia Blunden sold 7,415 shares on August 24 for about $638,423, and Chief Financial Officer Charles D Boynton sold 4,500 shares on September 1 for about $359,910.
Analysts Set New Price Targets
Wall Street firms have actively updated their targets on the stock in recent weeks. Piper Sandler initiated coverage on September 9 with an Overweight rating and a $116.00 price target. Later, on September 30, Piper Sandler maintained its Overweight rating while lowering its target to $110.00 from $116.00. Citigroup maintained a Buy rating on October 7 with a target of $121.00, down from $132.00, and Barclays maintained an Overweight rating on October 13 with a target of $146.00.
About Nextpower Inc.
Headquartered in Fremont, California, Nextpower Inc. builds solar and energy technology solutions for utility-scale power plants across the United States and international markets. The company works to support large-scale clean energy generation with specialized hardware and software.
Bottom Line
Investors will look toward Nextpower's upcoming earnings report on October 28, 2026, for further updates on financial performance and project execution. Analyst adjustments and institutional shifts will continue to shape market sentiment around the solar provider.
Related Filing Alerts
Source: Baird's rating change on $NXT (Sep 22, 2026). Written by software, not financial advice. How we make alerts