StockData
NXTNasdaqSemiconductors & Related DevicesFiscal year ends March 31

Nextpower Inc.

Financials through Q1 FY2027, quarter ended Jul 3, 2026Last filing: 10-Q on Aug 3, 2026
$79.70−0.34 (-0.42%)

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

NamePositionShares owned
Howard WengerPresident, Director419,868
Daniel S. ShugarChief Executive Officer, Director1,197,675
Charles D. BoyntonChief Financial Officer354,000
Lindsey Roon WiedmannChief Legal & Compliance Off.13,898
Bruce LedesmaChief Legal & Compliance Ofc249,439
David P. BennettChief Accounting Officer161,201
Robert VinjeChief Operating Officer15,262
Nicholas Marco MillerChief Operating Officer186,194
Julia BlundenDirector2,742
Brandi Elizabeth ThomasDirector7,914
Monica KaruturiDirector6,853
Jeffrey B. GuldnerDirector10,603
Willy C. ShihDirector52,698
William D. WatkinsDirector15,232
Mark MenezesDirector6,853

CEO pay and shareholder return

Pay versus performance table from the proxy statement

Fiscal yearCEO total payCEO pay actually paidOther executives (avg)Value of $100 investedPeer 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

DateEventDetails
Oct 30, 2025Name changeName changed from Nextracker Inc. to Nextracker LLC
Jan 2, 2024Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Oct 25, 2023MergerRegistration of securities for a merger or exchange offer (S-4)
Feb 10, 2023IPOInitial public offering priced (424B4 prospectus)
Feb 9, 2023ListingRegistration of securities on an exchange (Form 8-A)
Sep 23, 2022Name changeName changed from Nextracker LLC to Nextpower Inc.