Nextpower Inc. (NXT) Posts "Beat and Raise" Quarter, Supports Higher Valuation

We recently compiled a list of 10 High Growth Technology Stocks That Are Profitable. Nextpower Inc.  stands sixth on our list of best high growth tech stocks.

TheFly reported on January 29 that Deutsche Bank increased its price target on NXT to $119 from $109 and reiterated a Buy rating. The firm cited the company’s latest results as another “beat and raise” quarter and supported the higher valuation.

Similarly, on the same day, Barclays analyst Christine Cho also raised the price target on Nextpower Inc. (NASDAQ:NXT) to $115 from $108 and maintained an Overweight rating. The revision follows a fiscal Q3 performance that exceeded expectations across all areas, with Barclays noting that the company’s forward outlook appears conservative.

Nextpower Inc. (NASDAQ:NXT) is an energy-focused company that develops and invests in renewable power solutions. It aims to support the transition to clean energy by building and operating projects that deliver reliable, sustainable electricity for long-term growth.

While we acknowledge the potential of NXT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.