Citigroup Cuts Nextpower (NXT) Price Target to $121
Key Points
- Citigroup maintained a Buy rating on Nextpower Inc. (NXT) while lowering its price target from $132.00 to $121.00 on October 7, 2026.
- Citigroup's $121 price target implies 50.68% upside from Nextpower Inc.'s ($NXT) current $80.30 share price.
- The solar technology company recently reported trailing-twelve-month revenue of $3.63 billion alongside an earnings per share of $3.87.
- Other Wall Street research firms recently adjusted their targets on the stock, while four insiders completed share sales during August and September.
Since the rating, $NXT is down 4.0% after 1 week and down 7.4% to date (from the $86.04 close on Oct 7, 2026).
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Citigroup maintained its Buy rating on Nextpower Inc. (NASDAQ: NXT) on October 7, 2026, while lowering its price target from $132.00 to $121.00. The research note arrived as part of a broader set of adjustments across Wall Street regarding the solar technology firm. Nextpower closed at $86.04 on the day of Citigroup's announcement.
NXT
Nextpower Inc.
Citigroup's Call on Nextpower Inc.
In its October 7 note, Citigroup kept a positive stance on the company with a Buy rating while reducing the price target by $11.00 to $121.00 from its previous level of $132.00. The adjustment places the target well above recent trading levels as research desks reassess valuations in the solar sector.
Other Institutional Activity in Nextpower Inc.
Other large institutional funds also adjusted their positions in the company around mid-year. Primecap Management Company reduced its holdings by 72,344 shares, ending with 6,887,676 shares worth about $533,094,709. 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%
The shares recently traded around $80.30 on October 16, 2026, sitting about 6.7% below their October 7 closing level of $86.04. The stock trades below recent analyst targets as the broader market weighs sector headwinds.
$NXT price target
Nextpower Inc. daily closes and this analyst's $121 target. Not advice.
Recent Earnings
The company generated $3,630,307,072 in trailing-twelve-month revenue with earnings of $3.87 per share. Nextpower posted a net profit margin of 16.4% and a return on equity of 27.2%. The firm scheduled its next earnings release for October 28, 2026.
Insider Buying and Selling at Nextpower Inc.
Company insiders completed several share sales ahead of the recent analyst updates. President Howard J. Wenger sold 11,176 shares on August 11, 2026, at an average price of $104.78 for a total value of $1,171,021. Director Brandi Elizabeth Thomas sold 7,415 shares on August 19, 2026, at $91.25 per share totaling $676,619. Director Julia Blunden sold 7,415 shares on August 24, 2026, valued at $638,423. Chief Financial Officer Charles D. Boynton sold 4,500 shares on September 1, 2026, at $79.98 per share for a total value of $359,910.
Analysts Set New Price Targets
Other research firms updated their views on the stock prior to and after Citigroup's note. On September 9, 2026, Piper Sandler initiated coverage with an Overweight rating and an $116.00 price target. Baird maintained an Outperform rating on September 22, 2026, while lowering its target from $156.00 to $116.00. Piper Sandler later adjusted its target from $116.00 down to $110.00 on September 30, 2026. Following Citigroup's update, Barclays maintained an Overweight rating on October 13, 2026, while trimming its target from $147.00 to $146.00.
About Nextpower Inc.
Nextpower Inc. designs and builds solar and energy technology solutions for utility-scale power plants. Operating globally from its headquarters in Fremont, California, the company supports large-scale renewable energy installations with advanced tracking and power management hardware.
Bottom Line
Investors will look to the upcoming earnings report on October 28, 2026, for updated financial guidance. Watch for further institutional disclosures and analyst revisions as market conditions evolve.
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Source: Citigroup's rating change on $NXT (Oct 7, 2026). Written by software, not financial advice. How we make alerts