Nextpower (NASDAQ: NXT) Stock Analysis: Analyst Raises Price Target Amidst Revenue Growth
Key points
- Analyst Gordon Johnson of GLJ Research raises his price target for Nextpower to $158, implying 62.5% upside from $97.26.
- Nextpower reported strong fiscal Q2 2027 revenue of $1.11 billion, an increase from previous periods, with net income at $165 million.
- Despite revenue growth, gross margin declined to 31.1% from 35.9% and 32.4% in prior periods.
Nextpower (NASDAQ: NXT) is a company that makes systems that help solar panels follow the sun. Gordon Johnson of GLJ Research raises his price target to $158. With the shares at about $97.26 when he makes the call, that target implies roughly 62.5% upside.
Johnson’s target is higher than the Wall Street analyst consensus, which implies about 42.7% upside. A price target is an analyst’s estimate of where a stock could trade, not a guaranteed return. As highlighted by Zacks Investment Research, consensus targets have a weak record as predictors, though rising earnings estimates could support near-term gains.
Nextpower’s fiscal second-quarter 2027 revenue is $1.11 billion, up from $935 million in the prior quarter and $905 million a year earlier. Net income under standard accounting rules, known as GAAP, is $165 million. That is unchanged from the prior quarter but above the $147 million reported a year earlier.
GAAP diluted earnings per share rise to $1.08 from $1.07 in the prior quarter and $0.90 a year earlier. Still, gross margin—the share of revenue left after direct costs—falls to 31.1% from 35.9% and 32.4%, respectively. Nextpower is trading at $96.91, up $5.78, or 6.34%.
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