Nextpower (NXT) Rises 4.7% on Middle East Joint Venture, Analyst Upgrade

Nextpower (NASDAQ:NXT) shares climbed 4.7% to $105.21 on January 22, 2026, after announcing a joint venture with Abunayyan Holding to develop solar power plants in the Middle East and North Africa, alongside a price target increase from B of A Securities. The company formed Nextpower Arabia to accelerate large-scale solar projects and build a manufacturing facility in Jeddah, expected to open in Q2 2026 with 12 gigawatts of annual capacity. The project requires an $88 million investment and will create up to 2,000 jobs. B of A Securities raised its price target to $108 from $102, maintaining a "Buy" rating. NXT is up 13.4% year-to-date and near its 52-week high of $111.84 set in November 2025. The stock has seen 36 moves exceeding 5% over the past year, reflecting high volatility.