Nextpower Inc. shares fell 5.21% as the stock crossed below its 5-day SMA amid a broader market decline, with the Nasdaq-100 down 1.73% and the S&P 500 down 1.02%.
Nextpower has formed a joint venture with Abunayyan Holding to establish Nextpower Arabia in Saudi Arabia, aimed at deploying utility-scale solar power plants across the MENA region. The new facility in Jeddah is expected to have an annual production capacity of 12GW, creating around 2,000 jobs and supporting local engineering development. The joint venture plans to invest approximately $88 million over the next two years to enhance manufacturing capabilities and contribute to Saudi Arabia's clean energy goals.
This strategic partnership positions Nextpower to leverage its technology leadership while benefiting from Abunayyan's regional expertise, potentially enhancing its market competitiveness and supporting the broader renewable energy transformation in the region.
Wall Street analysts forecast NXT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for NXT is 105.33 USD with a low forecast of 76.00 USD and a high forecast of 125.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
20 Analyst Rating
Wall Street analysts forecast NXT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for NXT is 105.33 USD with a low forecast of 76.00 USD and a high forecast of 125.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Buy
5 Hold
0 Sell
Strong Buy
Current: 121.080
Low
76.00
Averages
105.33
High
125.00
Current: 121.080
Low
76.00
Averages
105.33
High
125.00
Deutsche Bank
Buy
maintain
$109 -> $119
2026-01-29
New
Reason
Deutsche Bank
Price Target
$109 -> $119
AI Analysis
2026-01-29
New
maintain
Buy
Reason
Deutsche Bank raised the firm's price target on Nextpower to $119 from $109 and keeps a Buy rating on the shares. The company reported another "beat and raise" quarter, the analyst tells investors in a research note.
Barclays
Christine Cho
Overweight
maintain
$108 -> $115
2026-01-29
New
Reason
Barclays
Christine Cho
Price Target
$108 -> $115
2026-01-29
New
maintain
Overweight
Reason
Barclays analyst Christine Cho raised the firm's price target on Nextpower to $115 from $108 and keeps an Overweight rating on the shares. The company reported a beat "across the board" in fiscal Q3 and its outlook looks conservative, the analyst tells investors in a research note.
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UBS
Jon Windham
Buy
maintain
$125 -> $140
2026-01-28
New
Reason
UBS
Jon Windham
Price Target
$125 -> $140
2026-01-28
New
maintain
Buy
Reason
UBS analyst Jon Windham raised the firm's price target on Nextpower to $140 from $125 and keeps a Buy rating on the shares. Nextpower is a top-pick in the clean energy sector underpinned by its ability to leverage its solar tracker market share leadership and strong customer relationships to expand the product offering and transform into a diversified electric hardware supplier, the analyst tells investors in a research note.
JPMorgan
NULL
to
Overweight
maintain
$110 -> $125
2026-01-28
New
Reason
JPMorgan
Price Target
$110 -> $125
2026-01-28
New
maintain
NULL
to
Overweight
Reason
JPMorgan raised the firm's price target on Nextpower to $125 from $110 and keeps an Overweight rating on the shares. The company reported a strong fiscal Q3 with results well above expectations, the analyst tells investors in a research note. The firm says Nextpower's book-to-bill was greater than 1-times and its backlog reached a new record driven by strength in the U.S., record bookings in Europe, and expansion into two new countries. JPMorgan highlights Nextpower as a top pick, seeing "multiple paths to upside," including continued tracker share gains and progress expanding to a broader platform of solar solutions.
About NXT
Nextpower Inc., formerly Nextracker Inc., designs, engineers, and delivers an advanced energy technology platform for solar power plants. Its integrated solutions are designed to streamline project execution, increase energy yield and long-term reliability. The Company's products and services include trackers, foundations, eBOS, software, controls, and module mounting. Its services include design, deploy, and operate. Its design services include site evaluations, design and engineering, and training programs. Its deploying services include efficient commissioning, fully equipped, and fast-tracked scheduling. Its operating services engaged in the monitor, manage, and mitigating risk with tools and tech.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
