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.
Positive
None.
Negative
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Insights
Large passive stake disclosed: FMR LLC holds 20.24M shares (13.6%).
FMR LLC reports beneficial ownership of 20,240,837.87 shares, equal to 13.6% of NEXTPOWER Inc. This scale is typical for major asset managers and may represent aggregated client holdings across funds.
Further updates in subsequent Schedule 13 filings could show changes; this filing also notes a 13d-1(k)(1) agreement, which investors often watch for coordinated-holder disclosures.
Amendment clarifies voting and dispositive powers and cites a power of attorney.
The Schedule 13G/A amendment lists precise voting and dispositive power allocations and references a Power of Attorney effective April 13, 2026. It also attaches Exhibit 99 for a 13d-1(k)(1) agreement.
Review of those exhibits is necessary to confirm delegation and any coordination terms; timing and further disclosures depend on changes in holdings or agreements.
Key Figures
Beneficial ownership:20,240,837.87 sharesPercent of class:13.6%Sole voting power (FMR LLC):20,196,318.21 shares+1 more
4 metrics
Beneficial ownership20,240,837.87 sharesAmount beneficially owned reported on Schedule 13G/A
Percent of class13.6%Percent of Class A common stock
Sole voting power (FMR LLC)20,196,318.21 sharesSole voting power listed on cover page
Sole dispositive power20,240,837.87 sharesSole dispositive power attributed to FMR LLC/Abigail P. Johnson
Key Terms
beneficially owned, sole dispositive power, Schedule 13G/A, 13d-1(k)(1) agreement
4 terms
beneficially ownedregulatory
"Amount beneficially owned: 20240837.87"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole dispositive powerregulatory
"Sole Dispositive Power 20,240,837.87"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Schedule 13G/Aregulatory
"Amendment No. 1 to Schedule 13G/A"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
13d-1(k)(1) agreementregulatory
"Please see Exhibit 99 for 13d-1(k) (1) agreement"
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
NEXTPOWER INC
(Name of Issuer)
CLASS A COMMON STOCK
(Title of Class of Securities)
65290E101
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
65290E101
1
Names of Reporting Persons
FMR LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
20,196,318.21
6
Shared Voting Power
0.00
7
Sole Dispositive Power
20,240,837.87
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
20,240,837.87
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
13.6 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
CUSIP Number(s):
65290E101
1
Names of Reporting Persons
Abigail P. Johnson
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
20,240,837.87
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
20,240,837.87
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
13.6 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
NEXTPOWER INC
(b)
Address of issuer's principal executive offices:
6200 PASEO PADRE PARKWAY,FREMONT,CA,US,94555
Item 2.
(a)
Name of person filing:
FMR LLC
(b)
Address or principal business office or, if none, residence:
245 Summer Street, Boston, Massachusetts 02210
(c)
Citizenship:
Not applicable
(d)
Title of class of securities:
CLASS A COMMON STOCK
(e)
CUSIP No.:
65290E101
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
20240837.87
(b)
Percent of class:
13.6 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Please see the responses to Items 5 and 6 on the cover page.
(ii) Shared power to vote or to direct the vote:
0.00
(iii) Sole power to dispose or to direct the disposition of:
20240837.87
(iv) Shared power to dispose or to direct the disposition of:
0.00
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the CLASS A COMMON STOCK of NEXTPOWER INC. No one other person's interest in the CLASS A COMMON STOCK of NEXTPOWER INC is more than five percent of the total outstanding CLASS A COMMON STOCK.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See attached Exhibit 99.
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
FMR LLC
Signature:
Richard Bourgelas
Name/Title:
Duly authorized under Power of Attorney effective as of April 13, 2026, by and on behalf of FMR LLC and its direct and indirect subsidiaries*
Date:
05/05/2026
Abigail P. Johnson
Signature:
Richard Bourgelas
Name/Title:
Duly authorized under Power of Attorney effective as of April 13, 2026, by and on behalf of Abigail P. Johnson*
Date:
05/05/2026
Comments accompanying signature: *This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on April 29,2026, accession number: 0000315066-26-000738.
What stake does FMR LLC report in NEXTPOWER Inc (NXT)?
FMR LLC reports beneficial ownership of 20,240,837.87 shares, or 13.6% of Class A common stock. The Schedule 13G/A amendment lists voting and dispositive powers and references related exhibits including a 13d-1(k)(1) agreement.
Who is shown with dispositive power over the NXT shares?
The filing shows sole dispositive power of 20,240,837.87 shares held by FMR LLC and Abigail P. Johnson. The cover responses indicate specific voting and dispositive allocations on the cover page.
Does the filing indicate coordinated holders or agreements for NXT shares?
The amendment references a 13d-1(k)(1) agreement (Exhibit 99). That exhibit typically identifies permitted coordination; reviewers should consult Exhibit 99 for the agreement's scope and parties.
What does Amendment No. 1 to a Schedule 13G/A mean for NXT investors?
It updates a prior Schedule 13G filing with corrected or additional ownership details. The amendment provides the latest reported beneficial ownership, voting and dispositive power allocations, and attached exhibits for context.
