Driehaus Capital Management 13F: Adds $28M to NXT Stake

Driehaus Capital Grows Nextpower Stake

Driehaus Capital Management boosted its investment in Nextpower Inc. (NasdaqGS: NXT) during the period ended May 15, 2026, according to a recent Form 13F filing with the SEC. The filing reflects holdings as of that reporting date and may not represent the investor's current position today. The fund added 237,813 shares, marking a 29.7% increase from its previous holding. That brought its total stake to 1,037,551 shares, with a reported value of roughly $123.6 million.

Nextpower Stock Performance and Market Context

Nextpower shares trade around $119.14. The solar technology company has traded between a 52-week low of $69.22 and a 52-week high of $163.13. Its shares sit above their 50-day moving average of $92.97, reflecting momentum through recent trading weeks. With a market capitalization in the billions, the company continues to draw attention from institutional portfolio managers tracking renewable energy equipment providers.

Recent Insider Transactions at Nextpower

Company insiders have also adjusted their personal holdings in Nextpower recently. On June 18, 2026, President Howard Wenger disposed of 30,488 shares. Earlier, on June 15, 2026, Chief Operating Officer Robert Vinje acquired 15,262 shares. These insider filings provide visibility into executive equity management alongside institutional portfolio adjustments.

Wall Street Analyst Coverage

Several research firms have updated their outlooks on Nextpower in recent months. On October 15, 2026, Mizuho maintained a Neutral rating while adjusting its price target to $101.0. Susquehanna maintained a Positive rating on October 14, 2026, setting a $150.0 target. Barclays kept an Overweight rating on October 13, 2026, with a $146.0 price target, and Citigroup maintained a Buy rating on October 7, 2026, at a $121.0 target. Piper Sandler and Baird also issued rating updates during September 2026.

Inside Nextpower's Solar Technology Operations

Headquartered in Fremont, California, Nextpower designs and manufactures solar tracking solutions, energy yield management software, and foundation technologies for utility-scale power projects. Formerly known as Nextracker, the business serves solar developers, owners, and engineering firms worldwide. Its portfolio includes terrain-following trackers and automated stowing tools designed to improve energy generation across challenging terrain.

What to Watch Next for Nextpower

Investors tracking Nextpower will look toward its next quarterly earnings report, scheduled for October 28, 2026. Future SEC filings will also show whether institutional buyers like Driehaus Capital maintain or adjust their positions as market conditions shift in the solar sector.