Nextracker Inc. SEC Filings

Nextracker insider William D. Watkins filed a Rule 144 notice to sell 5,000 shares of Class A common stock, with an aggregate market value of $605,400. The planned sale, through Pershing LLC on NASDAQ, is targeted for around January 30, 2026, against 148,386,780 shares outstanding.

These 5,000 shares were acquired from the issuer on January 4, 2024 via a spinoff, with payment listed as cash on the same date. The filing also reports that Watkins sold 10,000 Class A shares on November 18, 2025, generating gross proceeds of $918,516.60 over the prior three months.

Nextpower Inc. disclosed that its board approved a new share repurchase program authorizing the company to buy back up to $500 million of its Class A common stock over a three-year period. Repurchases may be made at the company’s discretion through open market purchases, privately negotiated deals, tender offers, or trading plans under Rule 10b5-1, and the program can be modified, suspended, or terminated at any time. The company emphasized there is no assurance that any particular amount of stock will actually be repurchased. Nextpower also furnished a press release detailing its financial results for the third fiscal quarter ended December 31, 2025 as an exhibit to this report.

FMR LLC and Abigail P. Johnson report a significant passive stake in Nextpower Inc. They disclose beneficial ownership of 17,203,278.08 shares of Class A common stock, representing 11.6% of the class as of the event date. FMR LLC has sole voting power over 17,175,945.49 shares and sole dispositive power over 17,203,278.08 shares, while Abigail P. Johnson reports sole dispositive power over the same 17,203,278.08 shares. The securities are certified as acquired and held in the ordinary course of business, not for the purpose of changing or influencing control of Nextpower Inc. One or more other persons may receive dividends or sale proceeds from these shares, but no such person holds more than five percent of the outstanding Class A common stock.

Nextpower Inc. director reports stock sale in Form 4 filing. A reporting person serving as a director of Nextpower Inc. (NXT) sold 10,000 shares of common stock on 11/18/2025, reported with transaction code "S" for a sale. The shares were sold at a weighted average price of $91.852, with individual trades occurring between $91.67 and $92.05. After this transaction, the reporting person beneficially owns 16,777 shares of Nextpower common stock in direct ownership.

Nextpower Inc. (NXT) Chief Executive Officer and director Daniel Shugar reported open‑market sales of company stock. On November 17, 2025, he sold 40,660 shares of common stock at a weighted average price of $91.103 per share and 7,083 shares at a weighted average price of $92.277 per share, under a pre‑arranged Rule 10b5‑1 trading plan adopted on August 19, 2025.

After these transactions, Shugar beneficially owns 624,882 shares directly and 238,909 shares indirectly through the Kathleen and Daniel Shugar Family Trust. The filing indicates the sales were executed in multiple trades within stated price ranges, and detailed trade breakdowns are available upon request to the company or the SEC.

Nextpower Inc. (formerly Nextracker Inc.) reported a corporate name change effective November 12, 2025. The change was implemented via a Second Amended and Restated Certificate of Incorporation filed in Delaware and corresponding amended and restated bylaws. The company states the name change does not affect shareholder rights and did not require a shareholder vote under Delaware law.

The company also furnished a press release related to its Capital Markets Day as Exhibit 99.1 under Regulation FD; this information is furnished, not filed. Nextpower’s Class A common stock continues to trade on Nasdaq under the symbol NXT. Exhibits include the updated charter (3.1), bylaws (3.2), and the press release (99.1).

Nextracker Inc. reported strong Q2 results with revenue of $905.3 million, up 42% year over year. Gross profit rose to $292.9 million and operating income reached $181.3 million. Net income was $146.9 million, translating to diluted EPS of $0.97. For the first six months, revenue was $1.77 billion and net income was $304.0 million, reflecting solid execution and demand in utility-scale solar projects.

Liquidity improved with cash and equivalents of $845.3 million and a new unsecured revolving credit facility of $1.0 billion maturing in 2030; availability was approximately $915.0 million net of $85.0 million in letters of credit. The company completed three tuck-in acquisitions—Bentek, OnSight, and Origami—totaling $140.2 million in purchase price and adding $102.6 million of goodwill to expand electrical infrastructure, robotics, and steel frame technology offerings. U.S. revenue led at $687.0 million in the quarter, and operating cash flow for the six months was $268.2 million.

Nextracker Inc. (NXT) furnished an update on its business by announcing that it issued a press release with results for its second fiscal quarter ended September 26, 2025. The press release is attached as Exhibit 99.1.

The information was furnished under Item 2.02 and, as stated, is not deemed “filed” under Section 18 of the Exchange Act and is not incorporated by reference into other filings.

Nextracker Inc. (NXT) Form 144 notice shows an intended sale of 5,217 Class A shares via Fidelity Brokerage with an aggregate market value of $391,275 and an approximate sale date of 09/29/2025. The filer acquired these shares by restricted stock vesting on 06/21/2024 and received them as compensation. The filing also discloses two recent sales by the same person in the past three months: 5,216 shares on 07/03/2025 for $339,040 and 5,703 shares on 08/19/2025 for $399,210. The filing includes a representation that the seller is not aware of undisclosed material adverse information.