Citigroup Cuts Nextpower (NXT) Price Target to $111

Citigroup maintained its Buy rating on Nextpower Inc. (NASDAQ: NXT) on October 21, 2026, while lowering its price target to $111.00 from $121.00. The update came via a research note from the firm as analysts continue to adjust their outlooks across the solar technology sector.

NXT Nextpower Inc.

$81.77 ▼ -11.87% year to date

1M 3M YTD

Daily close · Oct 21, 2026

Citigroup's Call on Nextpower

Citigroup kept a Buy rating on Nextpower while reducing its target price from $121.00 down to $111.00 on October 21, 2026. The firm did not issue an initiation of coverage, meaning it has previously covered the company. The new target of $111.00 represents a downward adjustment from its prior view of $121.00.

Other Institutional Activity in Nextpower

Livforsakringsbolaget Skandia, Omsesidigt sold all of its shares, cutting 68,734 shares to end with 0 shares worth $0.0. Primecap Management Company lowered its stake by 72,344 shares, or 1.1%, ending with 6,688,767 shares valued at about $527,643,399. Fundsmith LLP grew its holdings by 1,428,046 shares, or 100.0%, ending with 2,856,092 shares worth about $225,302,823.

Nextpower Inc. Stock Holds Steady

Nextpower closed at $81.77 on October 21, 2026. The stock recently traded at $81.77 as of October 22, 2026, which is about equal to its event-day close. The shares sit below the 50-day moving average of $84.94 and below the 200-day moving average of $107.38. The price is also down from its 52-week high of $163.13 and up from its 52-week low of $76.72. Against Citigroup's updated target of $111.00, the recent price trades at a discount.

Recent Earnings

Nextpower reported trailing twelve-month revenue of $3,630,307,072 and trailing earnings of $3.87 per share. The company is scheduled to report its next round of earnings on October 28, 2026.

Insider Buying and Selling at Nextpower Inc.

Insiders completed several transactions before the rating update, including sales by President Howard J Wenger, Director Brandi Elizabeth Thomas, Director Julia Blunden, and Chief Financial Officer Charles D Boynton.

Analysts Set New Price Targets

Wall Street firms updated views ahead of the update, including Susquehanna, Mizuho, JP Morgan, and BMO Capital. The broader analyst community holds a strong buy consensus on the stock with a mean price target of $132.11 across 28 opinions.

About Nextpower

Nextpower Inc. builds solar and energy technology solutions for utility-scale power facilities in the United States and global markets. The company works on hardware and software designed to optimize solar power generation for large energy installations.

Bottom Line

Investors will watch Nextpower's upcoming earnings report on October 28, 2026, for fresh details on financial performance. The gap between the current market price and analyst targets highlights shifting expectations across the solar sector.