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Barclays Raises PT on Nextpower Inc (NXT), Keeps a Buy Rating

​Nextpower Inc. (NASDAQ:NXT) is one of the Best Russell 2000 Stocks to Buy Right Now. On January 14, Christine Cho, CFA, from Barclays, reiterated a Buy rating on the stock and raised the price target from $105 to $108. On the same day, William O’Neil also initiated Nextpower Inc. (NASDAQ:NXT) with a Buy rating, but did not disclose any price targets.

​The ratings follow the company’s January 12 announcement, which noted the finalization of a joint venture with Saudi-based Abunayyan Holding. Management noted that the joint venture focuses on speeding up utility-scale solar projects across the Middle East and North Africa (MENA). One of the major highlights of this project is the launch of an advanced manufacturing facility in Jeddah. The site is currently under construction and is expected to open in the second quarter of 2026. Management highlighted that this facility will be used to produce the company’s solar trackers. The facility is expected to have an annual production capacity of up to 12 GW and will also create more than 2,000 employment opportunities.

​That said, Nextpower Inc. (NASDAQ:NXT) is expected to release its fiscal Q3 2026 results on January 27. Wall Street expects the company to post revenue of approximately $811.44 million and EPS of $0.75.

Nextpower Inc. (NASDAQ:NXT) designs, engineers, and delivers advanced energy technology platforms for solar power plants.

While we acknowledge the potential of NXT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NXT and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
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