Nextpower Inc. (NASDAQ: NXT) director Julia Blunden sold shares worth $638,422 in two transactions disclosed via SEC Form 4 filings. The sales occurred on Aug. 21 and Aug. 24, with Blunden disposing of 3,723 shares at prices between $88.08 and $88.10 per share, followed by 3,692 shares at prices between $84.101 and $84.11 per share.
The transactions reduced Blunden’s direct holdings to 2,742 shares. Nextpower’s stock declined to $84.72, down approximately 7% over the prior week, as the sales were disclosed.
The company reported fiscal 2027 first-quarter earnings of $1.20 per share on revenue of $935 million, exceeding Wall Street expectations. Revenue rose 8% year-over-year and 6% quarter-over-quarter, while gross margins expanded to 37%, driven by tariff recoveries and a stronger U.S. sales mix.
Analysts maintained positive ratings but trimmed price targets. UBS kept its Buy rating but lowered the target from $170 to $160, citing valuation concerns. Jefferies also retained its Buy rating while reducing its target from $153 to $131, attributing the move to market-to-market adjustments despite a 10% increase in EBITDA attributed to IEEPA refunds.
Shareholders recently approved changes to the company’s charter, including the elimination of Class B common stock and updates to corporate bylaws.
