Nelnet Stock Price, News & Analysis

Nelnet Campus Commerce has appointed Mike Rogers as the new national sales manager. With over 20 years in higher education, including a significant tenure at Oracle America, Rogers brings extensive experience in customer service and technological advancements. He will focus on business development, account management, client retention, and revenue growth from his base in Chicago, Illinois. President Jackie Strohbehn praised Rogers' customer-focused approach and strategic vision as key assets for the organization.

Nelnet International has announced the second event in its Indonesian Education Leaders Forums, focusing on K-12 schools in the COVID-19 era, scheduled for June 9, 2021. The forum will gather global thought leaders to discuss critical themes affecting education today, including the evolving roles of parents and the social and spiritual development of students. With a commitment to Indonesia's education sector, Nelnet partners with notable organizations to navigate the challenges in delivering effective learning. The event aims to address significant shifts in educational practices due to the pandemic.

ALLO Communications has launched a program offering free 500 Mbps internet service and Wi-Fi routers to eligible households under the FCC's Emergency Broadband Benefit Program. President Brad Moline emphasizes the importance of this initiative for families' connectivity, especially for students. Eligibility criteria include low income or participation in assistance programs. The program aims to enhance digital inclusion and education opportunities. Households can register online or via phone for access to this service and additional low-cost options through ALLO.

On May 11, 2021, Maptician announced a $1.7 million funding round led by Nelnet (NYSE:NNI). This investment aims to enhance Maptician's intelligent space and occupancy management technology, crucial for hybrid workplaces post-Covid-19. The company welcomes Bryson Koehler, Equifax's CTO, as a strategic investor. Additional capital will support hiring in Nebraska and Atlanta, focused on product development and outreach. Maptician's solution addresses workplace challenges through innovative tools, including distancing features and health surveys, making it essential for safe employee return.

Nelnet reported a GAAP net income of $123.6 million, or $3.20 per share, for Q1 2021, showing significant recovery from a net loss of $40.5 million a year earlier. Key drivers included increased net interest income and a $17.5 million negative provision for loan losses due to better economic conditions. Loan Servicing and Education Technology segments posted revenues of $111.5 million and $95.3 million, respectively. Nelnet also declared a $0.22 per share dividend, payable on June 14, 2021. The strong performance signifies a positive outlook moving forward.

Nelnet (NYSE: NNI) plans to release its earnings report for the first quarter ended March 31, 2021, on May 10, 2021, after the NYSE closes. This announcement follows the company's routine financial reporting schedule and will be accessible on their investor website upon release. Investors can expect detailed financial metrics and overall performance insights during this earnings call.

Nelnet Renewable Energy announced a $9.9 million solar tax equity investment in Northeast projects, collaborating with three co-investors. The investment, rated E1 by S&P Global Ratings for its ESG impact, aims to generate over 19,900 MWh of solar energy annually for community subscribers in New York. This initiative is projected to offset 332,000 tons of carbon over 35 years. Additionally, Nelnet is securing $80 million in solar tax credits in 2021, working towards its vision to power over 500,000 homes by 2025.

Nelnet International has announced the launch of the Education Leaders Forums in Indonesia, set to tackle significant educational challenges post-COVID-19. Collaborating with key partners including the Indonesian Chamber of Commerce and others, the forums aim to exchange best practices and support the digital shift in education. The first forum is scheduled for March 30, 2021, focusing on higher education, with expert insights on the evolving educational landscape.

Nelnet (NYSE: NNI) has partnered with EKI-Digital to enhance digital modernization efforts in the government and financial services sectors. This collaboration aims to provide transformative technology solutions and superior customer service. For decades, Nelnet has delivered scalable back-office solutions for regulated programs, while EKI-Digital focuses on optimizing digital transformation using advanced algorithms. Together, they seek to eliminate costly IT project risks, thereby improving operational efficiency and client success.