Nextpower Inc.
Close on Oct 19, 2026
- Market cap
- $12.36B
- P/E (TTM)
- 20.6
- Dividend yield
- –
About Nextpower
Semiconductors & Related Devices, SIC 3674
Nextpower Inc. provides solar tracking systems and energy technology solutions for utility-scale and distributed generation solar power plants. Its core offerings include single-axis solar trackers, terrain-adaptive mounting systems, foundation structures, roll-formed steel panel frames, and electrical balance of systems equipment. The company also supplies yield management software, remote monitoring and control platforms, and autonomous robotic inspection services. Nextpower primarily serves engineering, procurement, and construction contractors, along with solar project developers and plant owners.
Headquartered in the United States, the company operates across six continents and serves more than 275 active customers in over forty countries. It maintains regional offices, project engineering teams, or sales personnel in countries including Spain, Australia, Mexico, India, the United Arab Emirates, Saudi Arabia, and Brazil. Nextpower also runs specialized testing laboratories and Centers for Solar Excellence in the United States, India, and Brazil, and operates a joint venture with manufacturing facilities in Saudi Arabia.
Summary of the business section of Nextpower's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Nextpower Inc.
- Founded
- 2013
- Headquarters
- Fremont, CA
- Address
- 6200 Paseo Padre Parkway 94555
- Phone
- (510) 270-2500
- Employees
- 1,993, Mar 31, 2026
- Industry
- Semiconductors & Related Devices
- Incorporated in
- Delaware
- Fiscal year ends
- March 31
- Auditor
- DELOITTE & TOUCHE LLP, San Jose, California
Stock & identifiers
- Ticker
- NXT
- Exchange
- Nasdaq
- IPO date
- Feb 10, 2023
- Shares outstanding
- 152M, Jul 24, 2026
- Public float
- $10.80B, Sep 26, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1852131
- CUSIP
- 65290E101
- ISIN
- US65290E1010
- LEI
- 2138001D4HUZ48PR8M23
- EIN
- 00-0000000
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Howard Wenger | President, Director | 419,868 |
| Daniel S. Shugar | Chief Executive Officer, Director | 1,197,675 |
| Charles D. Boynton | Chief Financial Officer | 354,000 |
| Lindsey Roon Wiedmann | Chief Legal & Compliance Off. | 13,898 |
| Bruce Ledesma | Chief Legal & Compliance Ofc | 249,439 |
| David P. Bennett | Chief Accounting Officer | 161,201 |
| Robert Vinje | Chief Operating Officer | 15,262 |
| Nicholas Marco Miller | Chief Operating Officer | 186,194 |
| Julia Blunden | Director | 2,742 |
| Brandi Elizabeth Thomas | Director | 7,914 |
| Monica Karuturi | Director | 6,853 |
| Jeffrey B. Guldner | Director | 10,603 |
| Willy C. Shih | Director | 52,698 |
| William D. Watkins | Director | 15,232 |
| Mark Menezes | Director | 6,853 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2026 | $22.20M | $64.42M | $9.01M | $396 | $132 |
| FY2025 | $20.10M | $34.59M | $9.11M | $138 | $100 |
| FY2024 | $20.73M | $22.61M | $8.21M | $185 | $97 |
| FY2023 | $9.18M | $12.04M | $4.59M | $119 | $99 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of March 31, 2026, we had approximately 1,993 full-time employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Oct 30, 2025 | Name change | Name changed from Nextracker Inc. to Nextracker LLC |
| Jan 2, 2024 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Oct 25, 2023 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Feb 10, 2023 | IPO | Initial public offering priced (424B4 prospectus) |
| Feb 9, 2023 | Listing | Registration of securities on an exchange (Form 8-A) |
| Sep 23, 2022 | Name change | Name changed from Nextracker LLC to Nextpower Inc. |