Nextpower (NXT) PT Raised to $149.44 at GLJ Research, 'we would be more aggressive buyers on a pullback toward the high-$130s/low-$140s'

GLJ Research analyst Gordon Johnson raised the price target on Nextpower (NASDAQ: NXT) to $149.44 (from $147.00) while maintaining a Buy rating.

The analyst comments "We reiterate our BUY rating on Nextpower (“NXT”) and raise our year-end 2026 price target to $149.44 (from $147) to reflect the strategically sound, accretive acquisition of Prevalon Energy. We do so, however, with a more cautious posture than the post-deal euphoria displayed by many of our Wall Street peers. Why? Well, NXT has re-rated to near record highs and now trades through our revised target, and the arithmetic is hard to ignore: the roughly $2.26bn of market capitalization created since the announcement dwarfs the ~$633mn of fundamental value Prevalon contributes on our framework. Put plainly, the deal is the catalyst — i.e., the AI-narrative re-rating is doing roughly three-quarters of the work. We like the franchise and remain constructive on the multi-year platform/supermarket story, but at spot the risk/reward is balanced rather than compelling — we would be more aggressive buyers on a pullback toward the high-$130s/low-$140s."

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