104.89
-0.02%
Close of 9 Nov 2026, in USD
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About Nextpower
From its filings with the US Securities and Exchange Commission
Nextpower is based in Fremont, California and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker NXT. The SEC classifies its business as semiconductors & related devices. In the fiscal year to 31 March 2026, it reported revenue of $3.56bn and net income of $585.9m. At that date it held total assets of $4.07bn and shareholders' equity of $2.33bn.
Our mission is to be the trusted partner delivering the world’s most intelligent, reliable, and productive clean-power technology.
We are a leading global provider of solar and energy technology solutions for utility-scale power plants. Founded in 2013 by our Chief Executive Officer, Dan Shugar, we pioneered and remain the global market leader in solar tracking systems. We now deliver an integrated suite of structural, electrical, and digital solutions across the full lifecycle of solar power plants, from design and construction through operations and maintenance. Our integrated solutions are designed to streamline project execution, increase energy yield and long-term reliability, and enhance customer return on investment (“ROI”).
The solar tracker market plays a key part in driving the global energy transition by increasing energy production and improving the levelized cost of energy (“LCOE”). The majority of utility-scale projects installed today in mature markets such as the United States, India, Latin America, Australia and parts of Europe use solar trackers, and adoption of solar tracker technology continues to grow in developing solar markets such as the Middle East and Africa.
Quoted from its 10-K, filed 19 May 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Electrical Equipment
- Listed since
- 9 Feb 2023
- Employees
- 1,993
- Website
- nextracker.com ↗
- Head office
- 6200 PASEO PADRE PARKWAY, FREMONT, CA, 94555
- Incorporated in
- DE
- Classification
- Semiconductors & Related Devices
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. William WatkinsNon-Executive Independent Chairman of the Board, since 2024$330,000
- Mr. Howard WengerPresident, Director, since 2022$10.8m
- Mr. Daniel ShugarChief Executive Officer, Director, since 2013$20.1m
- Mr. Charles BoyntonChief Financial Officer, since 2023$18.7m
- Mr. Nicholas MillerChief Operating Officer$6.3m
- Mr. David BennettChief Accounting Officer$2.8m
- Mr. Bruce LedesmaChief Legal and Compliance Officer & Secretary$6.9m
- Dr. Francesco BorrelliChief AI and Robotics Officer
- Ms. Julie BlundenIndependent Director$240,000
- Mr. Jonathan CosletIndependent Director
- Mr. Jeffrey GuldnerIndependent Director$232,426
- Ms. Monica KaruturiIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 25
- Environment
- 18
- Social
- 37
- Governance
- 18
- Women in the workforce
- 25%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Nextracker provides integrated solar tracker solutions for utility-scale projects in the US and Mexico.
- NX Horizon and NX Gemini offer low LCOE and two-row panel support for optimal energy yield.
- TrueCapture software uses machine learning to enhance solar plant performance and energy yield.
Weaknesses
- Nextracker has 606 full-time employees, which is lower than industry averages for similar companies.
- The company's operations are limited to the US, Mexico, Spain, India, Australia, Middle East, and Brazil.
- Nextracker's IPO was on 9 February 2023, making it a relatively new public company.
Opportunities
- Nextracker's products support Bifacial PV modules and Large Format Modules for expanding solar markets.
- The company's solutions include First Solar Series 6 Modules, which are gaining market traction.
- Nextracker's presence in India and Australia offers growth potential in emerging solar markets.
Threats
- Nextracker faces competition from established players in the US and Europe for solar tracker solutions.
- The company's reliance on solar projects in the Middle East could be affected by geopolitical instability.
- Nextracker's operations in India may face regulatory challenges in the solar sector.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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