Nextpower Inc. director Julia Blunden sold shares totaling $638,422 across two transactions, according to an SEC Form 4 filing. The sales occurred on August 21 and August 24, with prices ranging from $84.101 to $88.08 per share.
On August 21, Blunden disposed of 3,723 common shares at prices between $88.08 and $88.10. A subsequent sale on August 24 involved 3,692 shares at prices from $84.101 to $84.11. Following the transactions, Blunden retains a direct holding of 2,742 common shares in the company.
The reported sales follow a recent decline in Nextpower’s stock, which has retreated approximately 7% over the past week to trade at $84.72. The company’s recent Q1 fiscal 2027 results showed earnings of $1.20 per share and revenue of $935 million, an 8% year-over-year increase and a 6% rise from the prior quarter. Gross margin improved to 37%, supported by tariff recoveries and stronger U.S. sales.
Analysts have adjusted price targets following the earnings report. UBS maintained a buy rating but lowered its target from $170 to $160, citing valuation concerns. Jefferies also maintained a buy rating while reducing its target from $153 to $131, attributing the change to mark-to-market factors despite a 10% increase in EBITDA driven by IEEPA reimbursements. Shareholders recently approved updates to corporate bylaws, including the elimination of Class B common shares and adjustments to internal regulations.
