Nextpower Inc. SEC Filings

PRIMECAP Management Co. filed an amended Schedule 13G reporting its beneficial ownership in Nextpower Inc. as of 12/31/2025. PRIMECAP reports beneficial ownership of 6,951,597 shares, representing 4.68% of Nextpower’s outstanding class.

The firm has sole power to vote 6,904,179 shares and sole power to dispose of 6,951,597 shares, with no shared voting or dispositive power. PRIMECAP certifies the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Nextpower.

Nextpower Inc. director William D. Watkins reported selling 5,000 shares of common stock on January 30, 2026 in an open market transaction coded "S". The shares were sold at a price of $118.57 per share. After this transaction, he directly beneficially owns 11,777 Nextpower common shares.

Nextpower Inc. reported strong growth for the quarter ended December 31, 2025, with revenue of $909.4 million, up 34% year over year, and net income of $131.2 million, up 12%. For the nine-month period, revenue reached $2.68 billion and net income was $435.3 million, reflecting 32% and 21% growth, respectively.

Gross profit for the nine-month period increased to $862.7 million, while diluted EPS rose to $2.86 from $2.41. Cash and cash equivalents grew to $952.6 million, supported by strong operating cash flow of $391.5 million. The company expanded through several acquisitions with an aggregate purchase price of $149.4 million and increased goodwill to $485.3 million.

Nextpower entered a new unsecured revolving credit facility with $1.0 billion of capacity and launched a share repurchase program authorizing up to $500 million of Class A common stock over three years. It also formed the Nextpower Arabia joint venture to serve utility-scale solar projects in the MENA region.

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).