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Here's Why Nextpower (NXT) Fell More Than Broader Market
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Nextpower (NXT - Free Report) ended the recent trading session at $84.86, demonstrating a -1.45% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.06%. Meanwhile, the Dow gained 0.38%, and the Nasdaq, a tech-heavy index, lost 0.44%.
Shares of the solar energy equipment supplier have appreciated by 3.88% over the course of the past month, outperforming the Oils-Energy sector's gain of 1.73%, and the S&P 500's gain of 2.36%.
Market participants will be closely following the financial results of Nextpower in its upcoming release. The company plans to announce its earnings on October 28, 2026. The company's upcoming EPS is projected at $1.11, signifying a 6.72% drop compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $1.07 billion, indicating a 18.34% growth compared to the corresponding quarter of the prior year.
NXT's full-year Zacks Consensus Estimates are calling for earnings of $4.68 per share and revenue of $4.36 billion. These results would represent year-over-year changes of +4% and +22.36%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Nextpower. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.18% decrease. As of now, Nextpower holds a Zacks Rank of #3 (Hold).
Investors should also note Nextpower's current valuation metrics, including its Forward P/E ratio of 18.42. Its industry sports an average Forward P/E of 13.59, so one might conclude that Nextpower is trading at a premium comparatively.
Also, we should mention that NXT has a PEG ratio of 1.69. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Solar industry had an average PEG ratio of 0.82.
The Solar industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 219, positioning it in the bottom 11% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow NXT in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Here's Why Nextpower (NXT) Fell More Than Broader Market
Nextpower (NXT - Free Report) ended the recent trading session at $84.86, demonstrating a -1.45% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.06%. Meanwhile, the Dow gained 0.38%, and the Nasdaq, a tech-heavy index, lost 0.44%.
Shares of the solar energy equipment supplier have appreciated by 3.88% over the course of the past month, outperforming the Oils-Energy sector's gain of 1.73%, and the S&P 500's gain of 2.36%.
Market participants will be closely following the financial results of Nextpower in its upcoming release. The company plans to announce its earnings on October 28, 2026. The company's upcoming EPS is projected at $1.11, signifying a 6.72% drop compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $1.07 billion, indicating a 18.34% growth compared to the corresponding quarter of the prior year.
NXT's full-year Zacks Consensus Estimates are calling for earnings of $4.68 per share and revenue of $4.36 billion. These results would represent year-over-year changes of +4% and +22.36%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Nextpower. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.18% decrease. As of now, Nextpower holds a Zacks Rank of #3 (Hold).
Investors should also note Nextpower's current valuation metrics, including its Forward P/E ratio of 18.42. Its industry sports an average Forward P/E of 13.59, so one might conclude that Nextpower is trading at a premium comparatively.
Also, we should mention that NXT has a PEG ratio of 1.69. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Solar industry had an average PEG ratio of 0.82.
The Solar industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 219, positioning it in the bottom 11% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow NXT in the coming trading sessions, be sure to utilize Zacks.com.