Beat-and-Raise Sends Next Power Stock to Fresh Record

Nextpower Inc (NASDAQ:NXT) stock is up 11% to trade of $117.60, on track for its best single-day percentage gain since November. Today's bull gap comes after the company's better-than-expected earnings and revenue for the fiscal third quarter, and lifted revenue forecast, with CEO Dan Shugar citing a favorable customer response to rebranding and expending product offerings.

In response, the equity attracted an upgrade from Keybanc to "overweight" from "sector weight," as well as three price-target hikes. Coming into today, 21 of the 28 analysts in coverage carried a "buy" or better rating, while the 12-month consensus target price of $117.25 is slightly below current levels.

Options traders are chiming in, too, with 8,063 calls and 5,137 puts traded so far, which is four times the volume typically seen at this point. Most active is the February 110 call, followed by the 100 put in the same series.

The security earlier nabbed a fresh record high of $131.59, after earlier this month staging a bounce off the rising 20-day moving average. Nextpower stock sports a 194.8% year-over-year lead.