BMO Capital Cuts Nextpower (NXT) Price Target to $114

BMO Capital kept its Outperform rating on Nextpower Inc. (NASDAQ:NXT) on October 21, 2026, while lowering its price target on the solar technology company from $132 to $114. According to the research note released that day, the firm chose to keep its positive stance intact even as it trimmed expectations for the stock's path ahead.

NXT Nextpower Inc.

$81.77 ▼ -11.87% year to date

1M 3M YTD

Daily close · Oct 21, 2026

BMO Capital's Call on Nextpower

On October 21, 2026, BMO Capital issued its update on Nextpower Inc., maintaining an Outperform rating while reducing the target price to $114 from $132. Nextpower closed at $81.77 on the day of the announcement.

Other Institutional Activity in Nextpower

Other large institutional investors have made adjustments to their holdings in the solar company recently. Livforsakringsbolaget Skandia, Omsesidigt sold all 68,734 shares to exit its position completely in a filing reported on October 21, 2026. Primecap Management Company trimmed its holdings by 72,344 shares, ending with 6,688,767 shares worth about $534,900,705. Meanwhile, Fundsmith LLP grew its holdings by 1,428,046 shares, ending with 2,856,092 shares worth about $228,401,680.

Nextpower Inc. Stock Holds Steady

Nextpower Inc. recently traded around $81.77, which is about equal to its closing price of $81.77 on October 21, 2026. The shares sit below both the 50-day moving average of $84.94 and the 200-day moving average of $107.38. The stock has traded between a 52-week low of $76.72 and a 52-week high of $163.13.

Recent Earnings

Nextpower posted $3.63 billion in trailing-twelve-month revenue alongside earnings of $3.87 per share. The company is scheduled to release its next financial results on October 28, 2026.

Dividend

Nextpower Inc. currently pays no dividend, keeping its payout ratio at zero.

Insider Buying and Selling at Nextpower Inc.

Company insiders completed multiple sales of common stock over the summer months. President Howard J. Wenger sold 11,176 shares on August 11, 2026, realizing about $1.17 million. Director Brandi Elizabeth Thomas disposed of 7,415 shares on August 19, 2026, for about $676,619. Director Julia Blunden parted with 7,415 shares on August 24, 2026, valued at approximately $638,423. Finally, Chief Financial Officer Charles D. Boynton sold 4,500 shares on September 1, 2026, collecting roughly $359,910.

Analysts Set New Price Targets

Wall Street firms have kept a close eye on the solar sector with varied targets. Susquehanna maintained a Positive rating on October 14, 2026, while lowering its target from $157 to $150. Mizuho kept a Neutral rating on October 15, 2026, moving its target from $111 down to $101. JP Morgan maintained an Overweight rating on October 19, 2026, cutting its target from $152 to $136. Citigroup kept a Buy rating on October 21, 2026, adjusting its target from $121 to $111. Overall, the stock carries a consensus rating of strong_buy across 28 analyst opinions, with a mean price target of $132.11.

About Nextpower

Headquartered in Fremont, California, Nextpower Inc. designs and builds solar and energy technology solutions for utility-scale power installations across the United States and international markets. The firm supports clean energy deployment as global demand for renewable infrastructure continues to evolve.

Bottom Line

Investors will look toward Nextpower's upcoming earnings report on October 28, 2026, for fresh details on revenue growth and profitability. Market participants should monitor how the stock reacts to those quarterly figures alongside broader shifts in the renewable energy sector.