# Nextpower Inc. (NXT)

> Cited company facts from SEC filings, by Steadybase. Web page: https://steadybase.io/company/nextpower-inc/ JSON: https://steadybase.io/company/nextpower-inc.json Checked Nov 10, 2026. Latest filing read: Nov 2, 2026.

## Company

- Legal name: Nextpower Inc.
- Ticker: NXT (Nasdaq)
- SEC CIK: 0001852131
- Industry: Semiconductors & Related Devices (SIC 3674)
- Headquarters: Fremont, CA
- Fiscal year ends: March 31
- SEC filer category: Large accelerated filer
- Website: nextpower.com
- LinkedIn: https://www.linkedin.com/company/nextracker-inc
- Next earnings date: Feb 7, 2027 (estimated from past 8-K timing)

## Key facts

- Revenue: $3.6B for the fiscal year ended Mar 31, 2026 (10-K filed May 19, 2026). Source: https://www.sec.gov/Archives/edgar/data/1852131/000185213126000017/0001852131-26-000017-index.html
- Operating income: $697.3M for the fiscal year ended Mar 31, 2026 (10-K filed May 19, 2026). Source: https://www.sec.gov/Archives/edgar/data/1852131/000185213126000017/0001852131-26-000017-index.html
- Net income: $585.9M for the fiscal year ended Mar 31, 2026 (10-K filed May 19, 2026). Source: https://www.sec.gov/Archives/edgar/data/1852131/000185213126000017/0001852131-26-000017-index.html
- SG&A: $341.9M for the fiscal year ended Mar 31, 2026 (10-K filed May 19, 2026). Source: https://www.sec.gov/Archives/edgar/data/1852131/000185213126000017/0001852131-26-000017-index.html
- Employees: 1,993 as of Mar 31, 2026, as reported in an SEC filing. Source: https://www.sec.gov/Archives/edgar/data/1852131/000185213126000017/nxt-20260331.htm
- Shares outstanding: 150,575,535 as of Oct 26, 2026 (10-Q filed Nov 2, 2026). Source: https://www.sec.gov/Archives/edgar/data/1852131/000185213126000058/0001852131-26-000058-index.html
- Auditor: Deloitte & Touche LLP, San Jose, California, named in the latest 10-K. Source: https://www.sec.gov/Archives/edgar/data/1852131/000185213126000017/nxt-20260331.htm

## Business

We are a leading global provider of solar and energy technology solutions for utility-scale power plants. Founded in 2013 by our Chief Executive Officer, Dan Shugar, we pioneered and remain the global market leader in solar tracking systems. We now deliver an integrated suite of structural, electrical, and digital solutions across the full lifecycle of solar power plants, from design and construction through operations and maintenance.

Source: Item 1. Business, https://www.sec.gov/Archives/edgar/data/1852131/000185213126000017/nxt-20260331.htm

## Annual results

| Fiscal year ended | Revenue | Operating income | Net income | SG&A |
|---|---|---|---|---|
| Mar 31, 2026 | $3.6B | $697.3M | $585.9M | $341.9M |
| Mar 31, 2025 | $3.0B | $639.1M | $509.2M | $290.3M |
| Mar 31, 2024 | $2.5B | $587.1M | $306.2M | $183.6M |
| Mar 31, 2023 | $1.9B | $168.5M | $1.1M | $96.9M |
| Mar 31, 2022 | $1.5B | $65.9M | $0 | $66.9M |

Each figure comes from the annual report for that year. Filing links for every figure: https://steadybase.io/company/nextpower-inc.json

## Officers and directors

- Dan Shugar, CEO and founder of Nextpower. Source: 8-K filed Oct 28, 2026, https://www.sec.gov/Archives/edgar/data/1852131/000185213126000055/ex991_q227.htm
- Daniel S. Shugar, Chief Executive Officer. Source: Form 4 filed Aug 11, 2026, https://www.sec.gov/Archives/edgar/data/1852131/000095010326012195/0000950103-26-012195-index.htm
- Chuck Boynton, CFO of Nextpower. Source: 8-K filed Oct 28, 2026, https://www.sec.gov/Archives/edgar/data/1852131/000185213126000055/ex991_q227.htm
- Charles D. Boynton, Chief Financial Officer. Source: Form 4 filed Sep 2, 2026, https://www.sec.gov/Archives/edgar/data/1852131/000095010326013492/0000950103-26-013492-index.htm
- Howard Wenger, President. Source: Form 4 filed Aug 12, 2026, https://www.sec.gov/Archives/edgar/data/1852131/000095010326012258/0000950103-26-012258-index.htm
- Robert Vinje, Chief Operating Officer. Source: Form 4 filed Jun 16, 2026, https://www.sec.gov/Archives/edgar/data/1852131/000095010326009069/0000950103-26-009069-index.htm
- Lindsey Roon Wiedmann, Chief Legal & Compliance Off.. Source: Form 4 filed Jul 20, 2026, https://www.sec.gov/Archives/edgar/data/1852131/000095010326010845/0000950103-26-010845-index.htm
- David P. Bennett, Chief Accounting Officer. Source: Form 4 filed Jun 23, 2026, https://www.sec.gov/Archives/edgar/data/1852131/000095010326009399/0000950103-26-009399-index.htm
- Charles Boynton, Named in proxy. Source: DEF 14A filed Jul 7, 2026, https://www.sec.gov/Archives/edgar/data/1852131/000185213126000038/nxt-20260702.htm
- Daniel Shugar, Board member (per proxy). LinkedIn: https://linkedin.com/in/daniel-shugar-37588ba0. Source: DEF 14A filed Jul 7, 2026, https://www.sec.gov/Archives/edgar/data/1852131/000185213126000038/nxt-20260702.htm
- Julie Blunden, Board member (per proxy). Source: DEF 14A filed Jul 7, 2026, https://www.sec.gov/Archives/edgar/data/1852131/000185213126000038/nxt-20260702.htm
- Mark Menezes, Board member (per proxy). Source: DEF 14A filed Jul 7, 2026, https://www.sec.gov/Archives/edgar/data/1852131/000185213126000038/nxt-20260702.htm
- William Watkins, Board member (per proxy). Source: DEF 14A filed Jul 7, 2026, https://www.sec.gov/Archives/edgar/data/1852131/000185213126000038/nxt-20260702.htm

## Recent 8-K events

- Oct 28, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 5.02, Departure or appointment of directors or officers; compensation; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1852131/000185213126000055/nxt-20261026.htm
- Aug 19, 2026: Item 5.03, Amendments to articles or bylaws; change in fiscal year; Item 5.07, Submission of matters to a vote of security holders; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1852131/000185213126000052/nxt-20260818.htm
- Jul 30, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1852131/000185213126000045/nxt-20260730.htm
- Jun 22, 2026: Item 3.02, Unregistered sales of equity securities; Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1852131/000185213126000026/nxt-20260621.htm
- May 28, 2026: Item 3.02, Unregistered sales of equity securities; Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1852131/000185213126000020/nxt-20260528.htm
- May 12, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 5.02, Departure or appointment of directors or officers; compensation; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1852131/000185213126000014/nxt-20260510.htm
- Apr 29, 2026: Item 5.02, Departure or appointment of directors or officers; compensation. Source: https://www.sec.gov/Archives/edgar/data/1852131/000185213126000009/nxt-20260423.htm
- Jan 27, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1852131/000185213126000003/nxt-20260127.htm
- Nov 12, 2025: Item 5.03, Amendments to articles or bylaws; change in fiscal year; Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1852131/000185213125000069/nxt-20251112.htm
- Oct 23, 2025: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1852131/000185213125000061/nxt-20251023.htm

## Insider trades (Form 4)

- Sep 1, 2026: Charles D. Boynton (Chief Financial Officer) sold 4,500 shares, about $359,910. Source: https://www.sec.gov/Archives/edgar/data/1852131/000095010326013492/0000950103-26-013492-index.htm
- Aug 24, 2026: Julia Blunden (Director) sold 7,415 shares, about $638,419. Source: https://www.sec.gov/Archives/edgar/data/1852131/000095010326012815/0000950103-26-012815-index.htm
- Aug 19, 2026: Brandi Elizabeth Thomas (Director) sold 7,415 shares, about $676,619. Source: https://www.sec.gov/Archives/edgar/data/1852131/000095010326012713/0000950103-26-012713-index.htm
- Aug 11, 2026: Howard Wenger (President) sold 11,176 shares, about $1.2M. Source: https://www.sec.gov/Archives/edgar/data/1852131/000095010326012258/0000950103-26-012258-index.htm
- Aug 10, 2026: Daniel S. Shugar (Chief Executive Officer) sold 67,636 shares, about $7.0M. Source: https://www.sec.gov/Archives/edgar/data/1852131/000095010326012195/0000950103-26-012195-index.htm
- Aug 5, 2026: Julia Blunden (Director) sold 2,289 shares, about $222,537. Source: https://www.sec.gov/Archives/edgar/data/1852131/000095010326012046/0000950103-26-012046-index.htm
- Jun 1, 2026: Charles D. Boynton (Chief Financial Officer) sold 4,500 shares, about $683,055. Source: https://www.sec.gov/Archives/edgar/data/1852131/000095010326008384/0000950103-26-008384-index.htm
- May 29, 2026: Nicholas Marco Miller (Chief Operating Officer) sold 22,427 shares, about $3.5M. Source: https://www.sec.gov/Archives/edgar/data/1852131/000095010326008183/0000950103-26-008183-index.htm
- May 26, 2026: Howard Wenger (President) sold 62,670 shares, about $8.2M. Source: https://www.sec.gov/Archives/edgar/data/1852131/000095010326007837/0000950103-26-007837-index.htm
- May 26, 2026: Daniel S. Shugar (Chief Executive Officer) sold 26,077 shares, about $3.5M. Source: https://www.sec.gov/Archives/edgar/data/1852131/000095010326007836/0000950103-26-007836-index.htm
- May 26, 2026: Bruce Ledesma (Chief Legal & Compliance Ofc) sold 3,248 shares, about $437,571. Source: https://www.sec.gov/Archives/edgar/data/1852131/000095010326007835/0000950103-26-007835-index.htm
- May 22, 2026: Howard Wenger (President) sold 9,051 shares, about $1.1M. Source: https://www.sec.gov/Archives/edgar/data/1852131/000095010326007731/0000950103-26-007731-index.htm
- May 20, 2026: Howard Wenger (President) sold 16,090 shares, about $2.0M. Source: https://www.sec.gov/Archives/edgar/data/1852131/000095010326007678/0000950103-26-007678-index.htm
- May 20, 2026: Nicholas Marco Miller (Chief Operating Officer) sold 24,511 shares, about $3.1M. Source: https://www.sec.gov/Archives/edgar/data/1852131/000095010326007676/0000950103-26-007676-index.htm
- Mar 9, 2026: Daniel S. Shugar (Chief Executive Officer) sold 59,456 shares, about $6.3M. Source: https://www.sec.gov/Archives/edgar/data/1852131/000095010326003483/0000950103-26-003483-index.htm

## What management said

- "Nextpower delivered record quarterly revenue and bookings and grew backlog to more than $6 billion, reflecting continued demand strength for our tracker products, alongside rapidly accelerating demand and orders for our additional products and services" Dan Shugar, CEO and founder of Nextpower (8-K filed Oct 28, 2026). Source: https://www.sec.gov/Archives/edgar/data/1852131/000185213126000055/ex991_q227.htm
- "Our team’s strong execution across the business led to record quarterly revenue and adjusted EBITDA with cash flow from operations of $158 million and strong adjusted free cash flow of approximately $135 million" Chuck Boynton, CFO of Nextpower (8-K filed Oct 28, 2026). Source: https://www.sec.gov/Archives/edgar/data/1852131/000185213126000055/ex991_q227.htm

## Latest filings

- 8-K filed Oct 28, 2026: https://www.sec.gov/Archives/edgar/data/1852131/000185213126000055/nxt-20261026.htm
- 10-K filed May 19, 2026: https://www.sec.gov/Archives/edgar/data/1852131/000185213126000017/nxt-20260331.htm
- 10-Q filed Nov 2, 2026: https://www.sec.gov/Archives/edgar/data/1852131/000185213126000058/nxt-20261002.htm
- DEF 14A filed Jul 7, 2026: https://www.sec.gov/Archives/edgar/data/1852131/000185213126000038/nxt-20260702.htm

## About this data

SEC EDGAR filings, read by Steadybase. Every value links to the filing it came from.
Steadybase covers US-headquartered public companies that file with the SEC. API and MCP access: https://steadybase.io/docs/