Nextpower Inc.

Overview

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• TickerNXT on Nasdaq²
• IndustrySemiconductors & Related Devices²
• HeadquartersFremont, United States²
• Incorporated inDE⁴
• Business address6200 Paseo Padre Parkway, Fremont, Ca 94555⁴
• Filer categoryLarge accelerated filer⁴
• Legal formLimited Liability Company²
• LEI2138001D4HUZ48PR8M23²
• StatusActive²
• LEI statusIssued and current²
• Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States²
• Registered withDivision of Corporations, Department of State, 5406490²

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Our mission is to be the trusted partner delivering the world’s most intelligent, reliable, and productive clean-power technology.⁶ From its latest annual report

Corporate structure

Nextpower Inc. is part of a group headed by Flex Ltd.. 204 entities, 41 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Nextpower Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Investments

Intangibles and goodwill

Inventory

Properties, in its own words

Our corporate headquarters are located in Fremont, California, USA and consist of approximately 85,000 square feet of leased office, laboratory and warehouse space which is used to accommodate office staff, research and development projects, machine shop work, tools repair, shipping and receiving. Our leased land holding our Center for Solar Excellence adjacent to our headquarters, as well as our leased 22-acre foundations research facility located in Paterson, California, are used for field testing, research and development, training and marketing purposes.

In addition, we lease an aggregate of approximately 175,000 square feet of office space in California, Tennessee, Australia, Brazil, China, India, Israel, Mexico, and Spain. We also lease approximately 300,000 square feet of warehouse space across various global facilities, including California, Nevada, Brazil, China and India.

Item 2 of the 10-K filed May 19, 2026.⁶

Leadership

Who has led Nextpower Inc., and when. Pick a name to see everywhere that person has worked.

• Chief executive officerDaniel S. Shugar Feb 9, 2023 to now¹⁴
• PresidentHoward Wenger Feb 9, 2023 to Jun 23, 2023¹⁵
• PresidentBruce Ledesma Jun 23, 2023 to Jul 1, 2024¹⁶
• Chief financial officerCharles D. Boynton May 30, 2024 to now¹⁷
• Chief financial officerDavid P. Bennett Feb 9, 2023 to May 22, 2024¹⁸
• Chief operating officerRobert Vinje Jun 15, 2026 to now¹⁹
• Chief operating officerNicholas Marco Miller Feb 9, 2023 to Jun 15, 2026²⁰

Subsidiaries and ownership

Ultimate parent

• Flex Ltd.²

Subsidiaries (Exhibit 21)

• NXT Energy Middle East FZCO United Arab Emirates⁵
• Nextpower (Shanghai) Co., Ltd China⁵
• Nextpower Arabia Saudi Arabia⁵
• Nextpower Australia Pty Ltd Australia⁵
• Nextpower Brasil Ltda. Brazil⁵
• Nextpower Iberia Holding S.L. Spain⁵
• Nextpower India Private Limited India⁵
• Nextpower LLC Delaware, United States⁵
• Nextpower Mexico Renewables, S. de R.L. de C.V. Mexico⁵
• Nextpower Robotics and Services, Inc. Delaware, United States⁵
• Nextpower Technologies Canada Inc. Canada⁵
• Nextracker International Holdings II LLC Delaware, United States⁵
• Nextracker International Holdings LLC Delaware, United States⁵
• Nextracker Israel Ltd. Israel⁵
• Nextracker Italia S.r.l. Italy⁵
• Nextracker KSA Renewables Saudi Arabia⁵
• Nextracker Saudi Energy LLC Saudi Arabia⁵
• Nextracker Solar Pty Ltd Australia⁵
• Nextracker Spain, S.L. Spain⁵
• Nextracker Switzerland GmbH Switzerland⁵
• Yuma Subsidiary Inc. Delaware, United States⁵

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record. The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

• Nextracker LLCSep 22, 2022 to Sep 23, 2022⁴
• Nextracker Inc.Apr 8, 2021 to Oct 30, 2025⁴

Timeline

1. Aug 19, 20268-K Bylaws or fiscal year changed; Shareholder vote⁴²
2. Jul 30, 20268-K Results of operations⁴³
3. Jun 22, 20268-K Unregistered sale of shares; Regulation FD disclosure⁴⁴
4. May 28, 20268-K Unregistered sale of shares; Regulation FD disclosure⁴⁵
5. May 12, 20268-K Results of operations; Executive or director change⁴⁶
6. Apr 29, 20268-K Executive or director change⁴⁷
7. Jan 27, 20268-K Results of operations; Other events⁴⁸
8. Nov 12, 20258-K Bylaws or fiscal year changed; Regulation FD disclosure⁴⁹
9. Oct 23, 20258-K Results of operations⁵⁰
10. Sep 8, 20258-K Entered a material agreement; Ended a material agreement; New debt or obligation⁵¹
11. Aug 18, 20258-K Shareholder vote⁵²
12. Jul 29, 20258-K Results of operations⁵³
13. Feb 9, 2023New chief executive Daniel S. Shugar becomes CEO¹⁴
14. Oct 8, 2013Founded Nextpower Inc. is founded²

Calendar

Coming up

1. Oct 28, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $1 a share, on Oct 23, 2025.⁵⁴

When it reported results

1. Jul 30, 2026Reported quarterly or annual results⁴³
2. May 12, 2026Reported quarterly or annual results⁴⁶
3. Jan 27, 2026Reported quarterly or annual results⁴⁸
4. Oct 23, 2025Reported quarterly or annual results⁵⁰
5. Jul 29, 2025Reported quarterly or annual results⁵³
6. May 14, 2025Reported quarterly or annual results⁵⁵
7. Jan 28, 2025Reported quarterly or annual results⁵⁶
8. Oct 30, 2024Reported quarterly or annual results⁵⁷

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

501 filings to the SEC since October 2021: 5 annual reports, 12 quarterly reports, 37 major events, 237 insider forms, 25 large holders, 185 other. The latest 20:

1. Sep 2, 20264 EDGAR
2. Sep 1, 2026144 EDGAR
3. Aug 24, 2026144 EDGAR
4. Aug 24, 20264 EDGAR
5. Aug 21, 2026144 EDGAR
6. Aug 21, 2026144 EDGAR
7. Aug 20, 20264 EDGAR
8. Aug 20, 20264 EDGAR
9. Aug 19, 2026144 EDGAR
10. Aug 19, 20268-K EDGAR
11. Aug 19, 20264 EDGAR
12. Aug 19, 20264 EDGAR
13. Aug 19, 20264 EDGAR
14. Aug 19, 20264 EDGAR
15. Aug 19, 20264 EDGAR
16. Aug 19, 20264 EDGAR
17. Aug 12, 20264 EDGAR
18. Aug 11, 2026144 EDGAR
19. Aug 11, 2026144 EDGAR
20. Aug 11, 20264 EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

49 open-market trades by officers, directors and large owners since October 2021: 1 buys and 48 sales. Grants, option exercises and gifts are left out.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

• FMR LLCSCHEDULE 13G/A, 7 filings Mar 11, 2024 to Aug 6, 2026⁵⁸
• BlackRockSCHEDULE 13G/A, 7 filings Nov 7, 2023 to Jul 29, 2026⁵⁹
• VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 30, 2026⁶⁰
• VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 13, 2024 to Mar 27, 2026⁶¹
• PRIMECAP MANAGEMENT CO/CA/SCHEDULE 13G/A, 1 filing Feb 11, 2026⁶²
• TPG GP A, LLCSC 13G/A, 2 filings Feb 13, 2024 to Nov 14, 2024⁶³
• Flex Ltd.SC 13G/A, 2 filings Jan 4, 2024⁶⁴

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Nextpower Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

• Name on EDGARNextpower Inc.¹
• CIK0001852131
• Employer ID (EIN)36-5047383⁶
• Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company⁶
• Incorporated inDelaware⁶
• Fiscal year endsMarch 31¹
• Industry code (SIC)3674 Semiconductors & Related Devices¹
• SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance¹
• Business address6200 Paseo Padre Parkway, Fremont, CA 94555¹
• Phone510-270-2500¹
• Shares outstanding150,274,472 Common Class A shares as of May 11, 2026⁶
• Public float$10.8B as of Sep 26, 2025⁶
• AuditorDELOITTE & TOUCHE LLP, San Jose, California PCAOB ID 34; it also attests to the company’s internal control over financial reporting⁶
• On EDGAR sinceApr 8, 2021¹
• Filings514 in all: 4 (198), 144 (126), 8-K (37), 3 (27), 10-Q (11), UPLOAD (11), 3/A (10), DRSLTR (9)¹
  All 35 form types

  SC 13G/A (9), SCHEDULE 13G/A (9), DRS/A (8), CORRESP (6), SC 13G (5), 10-K (4), ARS (4), DEF 14A (4), DEFA14A (4), DRS (3), EFFECT (3), S-1/A (3), S-8 (3), 4/A (2), 424B4 (2), 425 (2), S-1 (2), SCHEDULE 13G (2), SD (2), 10-K/A (1), 10-Q/A (1), 424B3 (1), 8-A12B (1), CERT (1), PRE 14A (1), S-1MEF (1), S-4 (1)

• Latest filingsAnnual report (10-K) May 19, 2026
  Quarterly report (10-Q) Aug 3, 2026
  Proxy statement (DEF 14A) Jul 7, 2026
  Latest 8-K (8-K) Aug 19, 2026

Securities registered for trading

From the cover page of the 10-K filed May 19, 2026 (Section 12(b) of the Exchange Act).⁶

Risk factors and legal proceedings

The risks Nextpower Inc. names in Item 1A of its 10-K filed May 19, 2026: 56 risks under these headings, as written.⁶

• Risks related to our business and our industry
• The demand for solar energy and, in turn, our products is impacted by many factors outside of our control, and if such demand does not continue to grow or grows at a slower rate than we anticipate, our business and prospects will suffer.
• Competitive pressures within our industry may harm our business, results of operations, financial condition and prospects.
• We face competition from conventional and other renewable energy sources that may offer products and solutions that are less expensive or otherwise perceived to be more advantageous than solar energy solutions.
• Delays in construction projects and any failure to manage our inventory could have a material adverse effect on us.
• Our results of operations may fluctuate from quarter to quarter, which could make our future performance difficult to predict and could cause our results of operations for a particular period to fall below expectations.
• The reduction, elimination or expiration of government incentives for, or regulations mandating or restricting the use of, renewable energy and solar energy specifically could reduce demand for solar energy systems and harm our business.
• International regulation of and incentives for solar projects vary by jurisdiction and may change or be eliminated.
• Changes in the global trade environment, including the imposition of tariffs, other import duties and trade restrictions, could adversely affect our business growth and the amount or timing of our revenues, results of operations or cash flows.
• Future acquisitions, strategic investments, strategic transactions, partnerships, joint ventures or alliances could be difficult to identify and integrate, divert the attention of key management personnel, disrupt our business, dilute stockholder value and adversely affect our business, financial condition and results of operations.
• We rely heavily on our suppliers and our operations could be disrupted if we encounter problems with our suppliers or if there are disruptions in our supply chain.
• Economic, political and market conditions can adversely affect our business, financial condition and results of operations.

Legal proceedings

In the ordinary course of conducting our business, we have in the past and may in the future become involved in various legal actions and other claims. We may also become involved in other judicial, regulatory and arbitration proceedings concerning matters arising in connection with the conduct of our businesses. Some of these matters may involve claims of substantial amounts. In addition, from time to time, third parties may assert intellectual property infringement claims against us in the form of letters and other forms of communication. These legal proceedings may be subject to many uncertainties and there can be no assurance of the outcome of any individual proceedings. We do not believe that these matters, and we are not a party to any other legal proceedings that we believe, if determined adversely to us, would have a material adverse effect on our business, financial condition or results of operations.

For more information, see Note 11 in the notes to the consolidated financial statements included elsewhere in this Annual Report on Form 10-K.

The opening of Item 3, Legal Proceedings.⁶