Nextpower Inc. SEC Filings

Nextpower Inc. director and Chief Executive Officer Daniel S. Shugar reported open‑market sales of 67,636 shares of common stock on August 10, 2026, in three tranches at weighted average prices of $102.39, $103.24 and $103.91 per share, effected under a Rule 10b5-1 trading plan adopted on December 3, 2025. He continues to indirectly hold 326,544 shares through the Kathleen and Daniel Shugar Family Trust.

Nextracker Inc. insider Bruce Ledesma filed to sell 137,110 Class A shares, with an aggregate market value of $14,366,385.80, in a transaction expected on 08/11/2026. The shares relate to restricted stock vesting on 04/23/2026 and 06/21/2026 and a stock option exercise on 08/11/2026. The filing also lists prior sales of Class A shares during the past three months.

Howard Wenger filed a notice to sell Class A shares of issuer NXT. The filing lists up to 11,176 Class A shares to be sold through Fidelity Brokerage Services LLC, with an aggregate market value of 1,171,021.28, and an approximate sale date of 08/11/2026 on NASDAQ. These shares relate to restricted stock vesting on 06/21/2025 as compensation from the issuer.

The notice also details prior Class A share sales over the past three months by Howard Wenger, including transactions on 05/20/2026, 05/21/2026, 05/22/2026, 05/26/2026, and 06/22/2026, each specifying shares sold and total value.

Daniel S. Shugar filed a notice to sell up to 67,636 Class A shares of issuer NXT held at Fidelity Brokerage Services LLC on NASDAQ. The shares relate to restricted stock vesting on 05/23/2025. The issuer lists 151,729,520 Class A shares outstanding. The filing also reports prior Class A sales by Shugar between 05/21/2026 and 06/22/2026 in multiple blocks ranging from about 20,000 to 55,000 shares each.

Nextpower Inc. director Julia Blunden reported selling 2,289 shares of Common Stock on 2026-08-05 at $97.22 per share in a transaction classified as a “Sale in open market or private transaction.” After this sale, she directly owns 7,415 shares of Nextpower Common Stock.

FMR LLC and Abigail P. Johnson report significant ownership of Nextpower Inc. Class A common stock. FMR LLC is listed as beneficial owner of 18,749,214.57 shares of Class A common, representing 12.4% of the outstanding class as of June 30, 2026. FMR LLC has sole voting power over 18,121,157.66 shares and sole dispositive power over 18,749,214.57 shares, with no shared voting or dispositive power. Abigail P. Johnson is reported with sole dispositive power over the same 18,749,214.57 shares, but no voting power, reflecting her control position over FMR LLC. The filing notes that one or more other persons have rights to dividends or sale proceeds from these shares, but no other person’s interest exceeds five percent of the Class A common stock. Subsidiaries through which the securities are held are identified in an attached Exhibit 99, and the report is signed under powers of attorney for both FMR LLC and Johnson.

Nextpower Inc. reported revenue of approximately $935 million and net income of $165 million for the three-month period ended July 3, 2026, up from $864 million and $157 million a year earlier. GAAP gross margin improved to 35.9% and operating income reached $190.9 million. Basic and diluted EPS were $1.10 and $1.07, respectively.

Cost of sales rose modestly as U.S. shipment volume and logistics costs increased, but this was more than offset by higher Internal Revenue Code Section 45X tax credits, which reduced cost of sales by about $103.3 million, and lower tariffs of $3.9 million, net of refunds. U.S. revenue grew to $775.6 million, or 83% of total, while Rest of World revenue declined to $159.6 million.

Cash and cash equivalents were $1.21 billion and total assets $4.26 billion as of July 3, 2026, with stockholders’ equity of $2.56 billion. The company had over $2.0 billion of total liquidity, including $919.4 million available under a $1.0 billion revolving credit facility. Subsequent to quarter end, Nextpower agreed to acquire Prevalon Energy for up to $365 million and certain Zigor/Apex assets for up to $80.5 million, expanding its storage and power conversion offerings.

Nextpower Inc. reported Q1 FY27 revenue of $935 million and GAAP net income of $165 million, with GAAP gross margin of 35.9% and GAAP diluted EPS of $1.07. Adjusted EBITDA was $233 million and adjusted diluted EPS $1.20; results include about $99 million of IRA 45X credits.

Backlog grew to more than $5.5 billion, supported by acquisitions including the Prevalon energy storage business and Apex Power, while an agreement to acquire Zimmermann PV-Steel Group is expected to expand its European footprint. Cash and cash equivalents were $1.21 billion as of July 3, 2026, and adjusted free cash flow was $105 million.

For FY2027, Nextpower now expects revenue of $4.1 to $4.4 billion, GAAP net income of $540 to $573 million and GAAP diluted EPS of $3.42 to $3.64. Updated guidance embeds roughly $50 million of additional costs tied to accelerated entry into the power conversion market.

BlackRock, Inc. has filed an amended ownership report showing a significant position in Nextpower Inc. Class A stock. As of June 30, 2026, BlackRock reports beneficial ownership of 17,841,627 shares, representing 11.9% of the outstanding Class A shares.

BlackRock has sole voting power over 17,460,343 shares and sole dispositive power over all 17,841,627 shares, with no shares reported as shared voting or shared dispositive power. Various underlying clients and investors have rights to dividends or sale proceeds, but no single client holds more than five percent of Nextpower’s outstanding common shares.