Movement Alert|Nextpower Rises 6.11% in Regular Trading, Guggenheim Upgrades Rating to Buy With $125 Target

Market Focus
07/15

On July 15, Nextpower rose 6.11% in regular trading, trading at 112.45 USD/share, with Turnover of $17.24 million.

On the news front, Guggenheim upgraded Nextpower from Neutral to Buy, setting a price target of $125. According to FactSet, Nextpower carries an average analyst rating of overweight with a mean price target of $155.10. The upgrade follows the company's decision to raise its fiscal 2027 revenue outlook to $4.0 billion–$4.4 billion, exceeding the prior FactSet consensus estimate of $4.0 billion.

The positive momentum also builds on a series of strategic developments, including the planned acquisition of Prevalon Energy for up to $365 million to enter the battery energy storage and AI data center markets, and the recently announced $330 million acquisition of Germany-based Zimmermann PV-Steel to expand its international solar footprint across 15 new country markets.

Nextpower is a global leader in solar tracking systems and energy technology solutions for utility-scale power plants, with operations spanning the US, Brazil, Europe, India, Australia, the Middle East, and Africa.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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