Nextpower Inc. (NASDAQ:NXT), an energy technology provider, shares climbed Tuesday after GLJ Research raised its price target, extending momentum from the company’s recent earnings beat and higher fiscal 2027 outlook.
GLJ Research analyst Gordon L. Johnson maintained a Buy rating on Nextpower and raised the price target to $158 from $149 on Tuesday.
• Nextpower stock is surging to new heights today. What’s driving NXT stock higher?
GLJ Turns More Bullish After Record Q2
The analyst move follows Nextpower’s second-quarter fiscal 2027 results last week.
The company reported adjusted EPS of $1.31, above the $1.10 consensus estimate, while revenue of about $1.11 billion topped the $1.06 billion estimate.
Management called the period its strongest quarter to date, with adjusted EBITDA of about $250 million and record quarterly bookings that lifted backlog above $6 billion.
Non-tracker products accounted for about 22% of revenue, while energy storage contributed roughly $100 million of revenue and more than $20 million of adjusted EBITDA.
Nextpower raised its fiscal 2027 adjusted EPS guidance to $4.61-$4.87 from $4.42-$4.73, compared with the $4.63 estimate. The company also lifted its revenue outlook to $4.2 billion-$4.45 billion from $4.1 billion-$4.4 billion, versus the $4.317 billion estimate.
Nextpower also raised its fiscal 2027 GAAP EPS guidance to $3.62-$3.87 from $3.42-$3.64, compared with the $3.83 estimate.
Management said second-half revenue should skew toward the fourth quarter, with third-quarter revenue expected to decline sequentially from the record second quarter level but rise about 10% year over year.
Analysts Keep Bullish Ratings Despite Lower Targets
Benzinga analyst data shows Nextpower carries a Buy consensus, with an average consensus price target of $135.
- GLJ Research maintained a Buy rating and raised its price target to $158 from $149 on Nov. 3, 2026.
- UBS maintained a Buy rating and lowered its price target to $140 from $160 on Oct. 30, 2026.
- Wells Fargo maintained an Overweight rating and lowered its price target to $125 from $151 on Oct. 30, 2026.
These recent actions show analysts remain constructive on the stock, though views on near-term upside have diverged after the latest earnings report.
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NXT Technical Setup
Nextpower is trading above its key short-term moving averages, supporting a bullish near-term setup. However, the stock remains 10.2% below its 200-day SMA, signaling continued longer-term weakness.
The RSI stands at 62.33, indicating neutral momentum and leaving the stock below overbought territory.
MACD remains above its signal line, pointing to positive momentum and supporting the recent move higher.
Key support sits at $77, while resistance stands at $105. A break above resistance could strengthen the bullish trend, while a move toward support would weaken the setup.
Nextpower has declined 5.42% over the past 12 months and currently sits at 23.4% of its 52-week range, placing it closer to its lows than its highs.
NXT Price Action: Nextpower shares were up 6.41% at $96.97 at the time of publication on Tuesday, according to Benzinga Pro data.
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