Nextpower Inc.
- NXT ยท Nasdaq
- Semiconductors & Related Devices
- Fremont, CA
- 1,993 employees
- CIK 0001852131
Updated from SEC filings through
Top things to know
Executives
- Dan Shugar CEO and founder of Nextpower 8-K, 2026-10-28
-
Daniel S. Shugar Chief Executive Officer 4, 2026-08-11 - Chuck Boynton CFO of Nextpower 8-K, 2026-10-28
- Charles D. Boynton Chief Financial Officer 4, 2026-09-02
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Howard Wenger President 4, 2026-08-12 - Lindsey Roon Wiedmann Chief Legal & Compliance Off. 4, 2026-07-20
What leadership is saying
“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”
Earnings press release (8-K Ex. 99.1), filed October 28, 2026
Nextpower Inc. is a U.S. public company in semiconductors & related devices (SIC 3674), headquartered in Fremont, CA. It trades as NXT on Nasdaq. Revenue was $3.6B in the fiscal year ending March 31, 2026, +20.3% from the year before. It reported about 1,993 employees. Dan Shugar is CEO and founder of Nextpower.
Five-year financials
| Metric | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Revenue | $3.6B 10-K, 2026-05-19 | $3.0B 10-K, 2026-05-19 | $2.5B 10-K, 2026-05-19 | $1.9B 10-K, 2025-05-22 | $1.5B 10-K, 2024-05-28 |
| Operating income | $697M 10-K, 2026-05-19 | $639M 10-K, 2026-05-19 | $587M 10-K, 2026-05-19 | $168M 10-K, 2025-05-22 | $65.9M 10-K, 2024-05-28 |
| SG&A | $342M 10-K, 2026-05-19 | $290M 10-K, 2026-05-19 | $184M 10-K, 2026-05-19 | $96.9M 10-K, 2025-05-22 | $66.9M 10-K, 2024-05-28 |
| Net income | $586M 10-K, 2026-05-19 | $509M 10-K, 2026-05-19 | $306M 10-K, 2026-05-19 | $1.1M 10-K, 2025-05-22 | $0 10-K, 2024-05-28 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Dan Shugar | CEO and founder of Nextpower | 8-K, 2026-10-28 |
| Daniel S. Shugar | Chief Executive Officer | 4, 2026-08-11 |
| Daniel Shugar CEO & Founder, Nextpower (formerly Nextracker) | Board member (per proxy) bio: Chief Executive Officer & Director | DEF 14A, 2026-07-07 |
| Chuck Boynton | CFO of Nextpower | 8-K, 2026-10-28 |
| Charles D. Boynton | Chief Financial Officer | 4, 2026-09-02 |
| Charles Boynton | Named in proxy bio: Chief Financial Officer | DEF 14A, 2026-07-07 |
| Howard Wenger | President | 4, 2026-08-12 |
| Lindsey Roon Wiedmann | Chief Legal & Compliance Off. | 4, 2026-07-20 |
| David P. Bennett | Chief Accounting Officer | 4, 2026-06-23 |
 Robert Vinje | Chief Operating Officer | 4, 2026-06-16 |
| Julie Blunden | Board member (per proxy) bio: Director | DEF 14A, 2026-07-07 |
| Mark Menezes | Board member (per proxy) bio: Director | DEF 14A, 2026-07-07 |
| William Watkins | Board member (per proxy) bio: Director | DEF 14A, 2026-07-07 |
What Nextpower Inc. does
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.
Shares and governance
| Shares outstanding | 150.6 million (as of October 26, 2026) | 10-Q, November 2, 2026 |
|---|---|---|
| Public float | $10.8B (as of September 26, 2025) | 10-K, May 19, 2026 |
| Reportable segments | 1 (period ending October 2, 2026) | 10-Q, November 2, 2026 |
| Latest proxy statement | Meeting August 18, 2026 (filed July 7, 2026) | DEF 14A, July 7, 2026 |
| Auditor | Deloitte & Touche LLP (San Jose, California) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| September 1, 2026 | Charles D. Boynton Chief Financial Officer | Sale | 4,500 | $360K | Form 4, September 2, 2026 |
| August 24, 2026 | Julia Blunden Director | Sale | 7,415 | $638K | Form 4, August 24, 2026 |
| August 19, 2026 | Brandi Elizabeth Thomas Director | Sale | 7,415 | $677K | Form 4, August 20, 2026 |
| August 11, 2026 | Howard Wenger President | Sale | 11,176 | $1.2M | Form 4, August 12, 2026 |
| August 10, 2026 | Daniel S. Shugar Chief Executive Officer | Sale | 67,636 | $7.0M | Form 4, August 11, 2026 |
| August 5, 2026 | Julia Blunden Director | Sale | 2,289 | $223K | Form 4, August 6, 2026 |
| June 1, 2026 | Charles D. Boynton Chief Financial Officer | Sale | 4,500 | $683K | Form 4, June 2, 2026 |
| May 29, 2026 | Nicholas Marco Miller Chief Operating Officer | Sale | 22,427 | $3.5M | Form 4, June 1, 2026 |
Recent 8-K events
- 8-K filed 2026-10-28
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-08-19
- Item 5.03 Amendments to articles or bylaws; change in fiscal year
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-07-30
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-06-22
- Item 3.02 Unregistered sales of equity securities
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-05-28
- Item 3.02 Unregistered sales of equity securities
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-05-12
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-04-29
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-01-27
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 8.01 Other events
- 8-K filed 2025-11-12
- Item 5.03 Amendments to articles or bylaws; change in fiscal year
- Item 7.01 Regulation FD disclosure
- 8-K filed 2025-10-23
- Item 2.02 Results of operations and financial condition (earnings release)
Frequently asked questions about Nextpower Inc.
- What does Nextpower Inc. do?
- In its own words, from Item 1 of its 10-K: "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."
- What is Nextpower Inc.'s revenue?
- $3.6B for the fiscal year ending March 31, 2026, from its 10-K filed May 19, 2026.
- Is Nextpower Inc. profitable?
- Nextpower Inc. reported net income of $586M for the fiscal year ending March 31, 2026.
- How many employees does Nextpower Inc. have?
- About 1,993 as of March 31, 2026, as stated in its annual report.
- Who is the CEO of Nextpower Inc.?
- Dan Shugar, CEO and founder of Nextpower, as named in a 8-K filed October 28, 2026.
- Who is the CFO of Nextpower Inc.?
- Chuck Boynton, CFO of Nextpower, as named in a 8-K filed October 28, 2026.
- Where is Nextpower Inc. headquartered?
- Fremont, CA.
- What is Nextpower Inc.'s stock ticker?
- NXT on Nasdaq.
- What industry is Nextpower Inc. in?
- Semiconductors & Related Devices, SIC code 3674.
- What is Nextpower Inc.'s website?
- nextpower.com.
- When does Nextpower Inc. report earnings next?
- February 7, 2027. Source: estimate_8k_pattern.
- Is Nextpower Inc. a public company?
- Yes. Nextpower Inc. files with the SEC under CIK 0001852131 and trades as NXT.
- Who audits Nextpower Inc.?
- Deloitte & Touche LLP, San Jose, California, as named in its latest annual report (10-K).
- How many shares of Nextpower Inc. are outstanding?
- 150.6 million shares as of October 26, 2026, from its 10-Q filed November 2, 2026.
- What is Nextpower Inc.'s public float?
- $10.8B as of September 26, 2025, as reported on the cover of its 10-K filed May 19, 2026.
- How many business segments does Nextpower Inc. report?
- 1 reportable segment for the period ending October 2, 2026, from its 10-Q filed November 2, 2026.
- When is Nextpower Inc.'s annual shareholder meeting?
- August 18, 2026, per its proxy statement (DEF 14A) filed July 7, 2026.
- Have Nextpower Inc. insiders traded stock recently?
- Since July 1, 2025, officers and directors reported 30 open-market sales worth about $57.0M and 0 purchases on Forms 4 and 5. The most recent: Charles D. Boynton (Chief Financial Officer) sold 4,500 shares on September 1, 2026.