Nextpower Shares Rise After Q3 Results, Rating Upgrade

MT Newswires Live01-29

Nextpower (NXT) shares were up over 13% in recent Wednesday trading following its better-than-expected fiscal Q3 results that also led to a rating upgrade from KeyBanc.

Late Tuesday, the company posted Q3 results ahead of market expectations, and raised its fiscal 2026 guidance, including for adjusted EPS and revenue guidance. It also reported a share buyback program of up to $500 million.

After the results, KeyBanc upgraded the stock to overweight from sector weight, with a $142 price target. UBS raised its price target to $140 from $125 while keeping its buy rating.

Trading volume stood at more than 3.6 million shares, against a daily average of almost 2.0 million.

Price: 120.64, Change: +14.73, Percent Change: +13.91

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment