Nextpower Inc. filings document public-company reporting for a solar technology business that changed its corporate name from Nextracker Inc. to Nextpower Inc. The record includes Form 8-K disclosures for quarterly operating results, an authorized share repurchase program, an unsecured revolving credit agreement, executive-transition disclosures for the legal and compliance function, and amendments to charter and bylaws reflecting the name change.
Governance filings include the definitive proxy statement and annual meeting vote results for director elections, auditor ratification and executive-compensation matters. The filings also describe Class A common stock voting mechanics, board matters, compensatory disclosures and other formal disclosure subjects tied to Nextpower's capital structure and corporate governance.
Nextpower Inc. reported strong fourth-quarter and full-year fiscal 2026 results and raised its fiscal 2027 outlook. For Q4 FY26, revenue was $880.5 million with GAAP net income of $150.6 million and diluted EPS of $0.97, while adjusted EBITDA reached $201.8 million.
For FY26, revenue grew 20% year over year to $3.56 billion, with GAAP net income of $585.9 million and GAAP diluted EPS of $3.84. Adjusted EBITDA was $853.7 million and adjusted diluted EPS was $4.50. The company reported record fiscal year revenue and earnings, supported by a backlog of over $5.25 billion and growing adoption of new products and bundled solutions.
Nextpower increased its FY27 outlook, guiding revenue to $3.8–$4.1 billion, adjusted EBITDA to $825–$900 million, and adjusted diluted EPS to $4.21–$4.59, which includes about $50 million of incremental costs for accelerating entry into the power conversion market. The company also appointed Robert Vinje as Chief Operating Officer effective June 15, 2026, with a compensation package that includes a $475,000 base salary, a target bonus equal to 70% of salary starting in FY27, and a planned FY27 equity grant with a target value of $4 million.
NEXTPOWER Inc. ownership disclosure: FMR LLC reports beneficial ownership of 20,240,837.87 shares of Class A common stock, representing 13.6% of the class. The filing lists sole voting power of 20,196,318.21 (FMR LLC) and sole dispositive power of 20,240,837.87 (FMR LLC and Abigail P. Johnson).
The filing is an Amendment No. 1 to a Schedule 13G/A and attaches exhibits including a 13d-1(k)(1) agreement and a Power of Attorney referenced in Exhibit 24.
Vanguard Capital Management reported beneficial ownership of 7,535,147 shares of Nextpower Inc common stock, equal to 5.07% of the class as of 03/31/2026. The filing states Vanguard has sole dispositive power over 7,535,147 shares and sole voting power over 1,129,194 shares.
Nextpower Inc. announced a planned leadership transition in its legal function. Chief Legal and Compliance Officer Bruce Ledesma informed the company he will retire effective July 17, 2026, after several years of service and contributions.
The board approved the appointment of Lindsey Wiedmann as the next Chief Legal and Compliance Officer, effective upon Mr. Ledesma’s retirement. She brings over 15 years of legal experience in the solar industry, most recently as Chief Legal and Sustainability Officer at Maxeon Solar Technologies, Ltd.
Nextpower Inc. director and CEO Daniel S. Shugar reported mandated tax-related share sales tied to performance stock units (PSUs). On April 27 and 28, 2026, a total of 150,958 shares of common stock were sold in two "sell-to-cover" transactions at prices of $120.32 and $115.82 per share to satisfy tax withholding obligations upon PSU vesting, under the company’s Rule 10b5-1 sell-to-cover policy. After these transactions, Shugar directly held 736,272 shares of Nextpower common stock and indirectly held 18,104 shares through the Kathleen and Daniel Shugar Family Trust.
Nextpower Inc. Chief Operating Officer Nicholas Marco Miller reported mandated tax-related share sales under the company’s sell-to-cover policy. On two days, he sold a total of 40,256 shares of Common Stock to satisfy tax withholding obligations tied to vesting and conversion of PSUs. These sales were executed pursuant to a Rule 10b5-1 sell-to-cover policy adopted on March 2, 2023 and are described as non-discretionary, not voluntary trading decisions. After these transactions, he holds 166,357 shares directly.
Nextpower Inc. Chief Legal & Compliance Officer Bruce Ledesma reported mandated share sales tied to tax withholding. On April 27, 26,326 shares of common stock were sold at $120.32 per share, leaving 219,554 shares held. On April 28, 27,349 shares were sold at $115.82 per share, leaving 192,205 shares held directly.
According to the footnote, these transactions reflect shares required to be sold under a "sell-to-cover" policy to satisfy tax obligations from the vesting and conversion of PSUs. The policy was adopted under Rule 10b5-1 and the equity incentive plan, so the trades were not discretionary.
Nextpower Inc. director and president Howard Wenger reported mandated tax-related share transactions tied to equity awards. The filing shows two J-code "other" transactions involving a total of 80,512 shares of common stock, described as required "sell-to-cover" sales to satisfy tax withholding obligations upon vesting and conversion of PSUs.
The footnote explains these sales were carried out under Nextpower’s sell-to-cover policy adopted under Rule 10b5-1 and its equity incentive plan, and do not represent discretionary trades by Wenger. Following these transactions, he holds 403,668 shares of common stock directly.
Nextpower Inc. Chief Accounting Officer Bennett David P reported two mandated tax-related stock sales tied to vesting performance stock units. On April 27, 2026, 32,908 shares of common stock at $120.32 per share were sold in a "sell-to-cover" transaction to satisfy tax withholding obligations. On April 28, 2026, a further 34,185 shares at $115.82 per share were sold for the same purpose. These sales were carried out under Nextpower’s Rule 10b5-1 "sell-to-cover" policy and are described as non-discretionary for the officer. Following the most recent transaction, Bennett directly holds 126,482 shares of Nextpower common stock.
Nicholas Miller filed a Form 144 reporting proposed and recent Class A share transactions. The filing shows a proposed sale of 20,512 Class A shares following restricted stock vesting on 04/27/2026. It also reports sales of 19,606 shares on 04/24/2026 and 19,744 shares on 04/27/2026, with proceeds of $2,377,162.80 and $2,375,681.00 respectively. Shares outstanding were 148,475,843 as of 04/28/2026.