Highest-materiality recent filing
Nextpower to acquire Zimmermann PV-Steel for up to €330M (~$378M)
Total consideration: €180M cash, €105M in Nextpower stock, up to €45M contingent cash.
Nextpower to acquire Prevalon Energy for up to $365M; raises FY27 outlook
Total consideration: ~$150M cash, $50M in stock (60-day VWAP), plus up to $165M contingent.
Nextpower Q4 revenue $881M, GAAP EPS $0.97; raises FY27 guidance; appoints COO
Q4 GAAP net income $151M, diluted EPS $0.97; adjusted diluted EPS $1.05. Revenue $881M vs $924M YoY.
Nextpower CLO Bruce Ledesma to retire July 17; Lindsey Wiedmann named successor
Bruce Ledesma, Chief Legal and Compliance Officer, will retire effective July 17, 2026.
Nextpower Q3 FY26 revenue $909M (+34% YoY), raised FY26 outlook, $500M buyback
Revenue $909M (+34% YoY); GAAP diluted EPS $0.85; adjusted diluted EPS $1.10.
Nextracker rebrands as Nextpower, sets FY30 revenue target of $4.8-5.6B
Corporate name changed from Nextracker to Nextpower Inc.; ticker NXT unchanged.
Nextracker Q2 FY26 revenue up 42% YoY to $905M; raises FY26 profit outlook
Revenue $905M (+42% YoY); GAAP diluted EPS $0.97; Adj. diluted EPS $1.19.
Nextracker enters $1.0B unsecured revolver, replacing $500M secured facility
New $1.0B unsecured revolving credit facility matures September 8, 2030; $0 drawn at closing.
133,241,716 shares (90.12% voting power) represented at annual meeting on Aug 18, 2025.
Nextracker Q1 revenue $864M (+20% YoY), raises FY26 guidance, acquires three robotics & AI firms
Revenue $864M (+20% YoY); GAAP net income $157M, diluted EPS $1.04; adjusted EPS $1.16.
Nextracker appoints Monica Karuturi and Mark Menezes to Board of Directors
Board expanded from 9 to 11 directors; Karuturi (Class III) and Menezes (Class I) appointed effective June 17, 2025.
Q4 revenue $924M (+26% YoY); GAAP diluted EPS $1.05; adjusted diluted EPS $1.29.
Nextracker amends credit facility, increases surety bond capacity; repays term loan
Amendment raises surety bond basket from $1.0B to unlimited if net leverage ≤2.75x; else 200% of EBITDA.
Nextracker Q3 FY25 revenue $679M, raises FY25 profit outlook, backlog >$4.5B
Revenue $679M, up from $636M QoQ; GAAP diluted EPS $0.79; adjusted diluted EPS $1.03.
Nextracker adopts executive severance plans with enhanced CEO benefits
CEO gets 2x (base salary + target bonus) cash severance; other EVP+ executives get 1x.
Nextracker Q2 revenue $636M (+11% YoY), raises FY25 profit outlook; adj EPS $0.97
Q2 GAAP net income $117M ($0.79 diluted EPS); adjusted net income $145M ($0.97 adj EPS).
Stockholders approved amendment to 2022 Equity Plan, adding 11,100,000 shares (117.2M for, 8.5M against).
Revenue $720M, up 50% YoY from $480M; GAAP net income $125M (EPS $0.84).
Nextracker expands revolving credit facility to $1.0B and ups LC capacity to $500M
Revolving commitments increased from $500M to $1.0B; letter of credit capacity raised from $300M to $500M.
Nextracker acquires Ojjo Inc. for ~$119M in all-cash deal
All-cash acquisition of Ojjo, Inc. for approximately $119 million.
Nextracker appoints Jeffrey Guldner as independent Class III director
Appointment effective June 14, 2024; Guldner will serve until next annual meeting.
Nextracker reports FY24 revenue $2.5B (+31% YoY), backlog over $4B, 100 GW shipped
Revenue $2.5B (+31% YoY), GAAP net income $496M (diluted EPS $3.37), adjusted EBITDA $521M (+150% YoY).
Nextracker appoints Chuck Boynton as CFO; David Bennett moves to CAO
Charles Boynton named CFO effective May 2024; David Bennett becomes Chief Accounting Officer.
Nextracker Q3 FY24 revenue $710M (+38% YoY); adj. EPS $0.96; raises FY24 guide
Revenue $710M, up 38% YoY; GAAP net income $128M ($0.87 diluted EPS).
Nextracker completes spin-off from Flex, becomes independent company; board reconstituted
Flex distributed its 51.48% stake in Nextracker to Flex shareholders via Yuma Inc., then Yuma merged with Nextracker on Jan 2, 2024.
High Court of Singapore approved capital reduction for Flex's distribution of Yuma shares to Flex shareholders.
Nextracker Q2 revenue $573M (+23% YoY), GAAP EPS $0.55, raises FY24 guidance
GAAP net income $81M ($0.55 EPS); non-GAAP net income $96M ($0.65 EPS).
Nextracker to become standalone company via Flex spin-off expected by March 31, 2024
Flex will spin off all remaining Nextracker interests to Flex shareholders on a pro rata basis.
Nextracker increases CEO Daniel Shugar's target bonus to 135% of base salary for FY2024
CEO Daniel Shugar's target annual bonus increased from 110% to 135% of base salary.
Nextracker shareholders elect all four directors, ratify auditor, approve advisory say-on-pay
Four Class I directors elected: Lundstrom, Offer, Shugar, Watkins; each received >112M votes For.
Nextracker Q1 FY2024 revenue $479.5M (+19% YoY); adjusted EBITDA $83.7M (+161%)
Revenue of $479.5M for Q1 FY2024, up 19% year-over-year.
Nextracker approves FY2024 LTIP grants for NEOs with RSUs, PSUs, and options
CEO Daniel Shugar receives 142,912 RSUs, 142,912 PSUs (target), and 153,521 options.
Nextracker sets Sep 20, 2023 annual meeting; approves FY2023 cash bonuses for NEOs
Board approved FY2023 cash bonuses: Shugar $338K, Wenger $285K, Ledesma $285K, Bennett $310K, Miller $159K, Schlesinger $148K.
Nextracker FY23 revenue $1.9B (+30% YoY); GAAP net income $121.3M
FY23 revenue $1.9 billion, up 30% year-over-year; GAAP net income $121.3 million.
Nextracker expands board to 13, appoints two new directors
Board increased from 11 to 13 members; Brandi Thomas and Kyra Whitten appointed effective April 25, 2023.
In connection with Mr. Vinje’s appointment, Marco Miller, the Company’s current Chief Operating Officer, will serve the role of Chief Project Development Officer, effective as of Mr. Vinje’s first day of employment with the Company.
On May 10, 2026, the Board of Directors (the “Board”) of the Company appointed Robert Vinje as the Company’s Chief Operating Officer, effective as of June 15, 2026.
On April 28, 2026, the Board of Directors approved the appointment of Lindsey Wiedmann as Chief Legal and Compliance Officer, effective upon Mr. Ledesma’s retirement.
On April 23, 2026, Bruce Ledesma, the Chief Legal and Compliance Officer of Nextpower Inc. (the “Company”) informed the Company that he will retire effective July 17, 2026.
On June 17, 2025, the Board of Directors (the “ Board ”) of Nextracker Inc. (the “ Company ”) increased the number of directors serving on the Board from nine to eleven and appointed Monica Karuturi and Mark Menezes to serve as directors of the Company.
On June 17, 2025, the Board of Directors (the “ Board ”) of Nextracker Inc. (the “ Company ”) increased the number of directors serving on the Board from nine to eleven and appointed Monica Karuturi and Mark Menezes to serve as directors of the Company.
On May 9, 2025, Jonathan Coslet, a member of the Board of Directors of the Company (the “Board”), notified the Company of his decision to not stand for reelection at the Company’s 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”) and will be departing as a director immediately following the 2025 Annual Meeting.
appointed Jeffrey Guldner to serve as a Class III director of Nextracker.
David Bennett will step down as Chief Financial Officer and will continue to serve the Company as its Chief Accounting Officer
Mr. Boynton has resigned from the Board of the Company, effective immediately.
appointed Charles “Chuck” Boynton as the Company’s Chief Financial Officer
On January 2, 2024, each of Christian Bauwens, Michael Hartung, Paul Lundstrom, Scott Offer, Rebecca Sidelinger and Kyra Whitten (together, the " Flex Designees "), tendered his or her resignation from the Nextracker Board of Directors (the " Board ") and the Board committees on which they served, effective upon the closing of the Merger.
Max materiality 0.85 · Median 0.65 · Most common event earnings