Nextpower Inc. (NASDAQ:NXT) stock is trading higher Wednesday after Truist Securities initiated coverage on the company with a Buy rating and a $140 price forecast on Tuesday.Nextpower has a consensus price forecast of $136.74 based on the ratings of 26 analysts. This follows recent analyst actions, including Barclays raising its price forecast to $147 with an Overweight rating on July 7 and Susquehanna maintaining a Positive rating while lowering its price target to $168 on July 10.Q1 Earnings On HorizonNextpower is scheduled to report its first-quarter earnings on July 30. Wall Street analysts estimate earnings per stock of $1 on quarterly revenue of $940.65 million. Nextpower enters the reporting period having beaten consensus earnings estimates for eight consecutive quarters.European Expansion ProgressCritical Levels To Watch For NXT StockFrom a longer-term trend view, NXT is still holding above its 200-day moving average ($107.68), which keeps the bigger-picture uptrend intact even after the recent pullback from the May peak. At the same time, the stock is trading 4.7% below its 20-day SMA ($114.55) and 12.3% below its 50-day SMA ($124.56), so the intermediate trend remains in "repair mode."