What is the 13F Pro Quality Score for NXT?

13F Pro ranks Nextpower Inc. (NXT) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View NXT's current score at https://13fpro.ai/research/NXT (free sign-up required for the full ranking).

Which hedge funds own the most NXT stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of NXT include BlackRock,, FMR, PRIMECAP MANAGEMENT CO/CA/. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/NXT as soon as new 13F filings post.

Where does 13F Pro source NXT data?

All Nextpower Inc. fundamentals and ownership data come directly from SEC EDGAR. Nextpower Inc. files with the SEC under CIK 1852131. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is NXT in?

Nextpower Inc. (NXT) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

What are NXT's largest expenses?

Nextpower Inc.'s latest 10-K reports these as the largest expense items: Cost of sales ($2,399M, +23% YoY); Research and development ($121M, +52% YoY); Selling, general and administrative ($342M, +18% YoY, down 20 bps as % of revenue to). Sourced directly from SEC EDGAR filing text for FY2026 (year ended March 31, 2026).

How often is NXT research updated on 13F Pro?

NXT's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Nextpower Inc.(NXT)Stock Analysis

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13F Pro Quality Score

74.8/100

Rank #146 of 2,879 stocksTOP 10%

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

80.6/100

Profitability

84.3/100

Balance Sheet

91.8/100

Earnings Quality

89.2/100

Free Cash Flow

72.1/100

Institutional Flow

7.4/100

Revenue Scale

72.0/100

Dilution Risk

31.6/100

NXT Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Nextpower Inc. (NXT), a Technology sector company. 13F Pro's AI-powered ranking engine scores NXT at 74.8/100 on a 32-signal composite quality model, placing it at rank #146 of 2,879 stocks — the top 10% of the AI-ranked universe. NXT scores in the top quartile across balance sheet strength (91.8), earnings quality (89.2), profitability (84.3). Areas of concern include institutional flow (7.4), which score below median versus the broader universe. Shareholder dilution risk is elevated at 31.6/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q4 2026), Nextpower Inc. reports quarterly revenue of $880.5M, net income of $150.6M, an operating margin of 17.4%. Top institutional holders of NXT by reported 13-F value include BlackRock,, FMR, PRIMECAP MANAGEMENT CO/CA/, based on the most recent SEC filings. NXT trades on the Nasdaq exchange and files with the SEC under CIK 1852131. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NXT daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Nextpower Inc. directly from SEC EDGAR. Nextpower Inc.'s 13F Pro composite quality score has ranged between 8 and 83 since 2025, currently 74.8 — a declining long-term trajectory across 37 quarterly and live scoring snapshots.

What's Driving NXT's Business? Latest 10-K Breakdown

AI-extracted from Nextpower Inc.'s 10-K filed 2026-05-19 — FY2026 (year ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Nextpower delivered $3.6B in revenue (+20% YoY) on 38 GW shipped, driven by U.S. market strength and $379.9M in 45X tax credits, while gross margin declined 150 bps to 32.6% due to tariff headwinds.

Biggest Revenue Drivers

Total revenue: $3.6B+20% YoY

Non-tracker platform solutions (eBOS, foundations, TrueCapture, robotics, frames, other)$410M~12% of total revenue, up from 8% prior

Growth from recent acquisitions of Bentek, OnSight, Origami, Fracsun and expanded integrated offerings

Largest Expense Items

Cost of sales$2,399M+23% YoY

Driven by 13% GW growth and higher tariffs ($130.4M vs $19.7M prior year), offset by $379.9M 45X credit benefit

Research and development$121M+52% YoY

Increased investment in innovation, engineering team expansion, and support for expanded product portfolio from acquisitions

Selling, general and administrative$342M+18% YoY, down 20 bps as % of revenue to

Higher sales organization costs and supporting functions, plus $5.0M acquisition-related costs

Margins: Gross margin declined 150 bps to 32.6% primarily due to $110.7M increase in tariffs (effective tariff rate climbed to ~3.7% of revenue from ~0.7%), only partially offset by higher 45X tax credit benefits and U.S. revenue growth. Adjusted gross margin (ex-intangible amortization and stock comp) was 33.3%, down 130 bps, indicating sustained price pressure on tracking systems.

Watch Items from the Filing

45X credit dependency: $379.9M benefit in FY2026 flowed through cost of sales; credits phase down 25% annually from 2030 and expire after 2032; OBBBA and Executive Orders have tightened 'beginning of construction' safe harbors, potentially reducing future project volume.
Customer concentration risk: largest customer below 10% of revenue; top five customers represented 34.3% of FY2026 revenue (improved from 41.1% in FY2024), indicating modest diversification but continued EPC/developer dependency.
Tax Receivable Agreement liability of $393.2M (down from $419.4M) reflects 85% of estimated future tax benefits; payments of $27.4M made in FY2026; timing and amount uncertain, dependent on future taxable income and tax rates.
Four strategic acquisitions in FY2026 (Bentek, OnSight, Origami, Fracsun) for $149.4M total purchase price ($58.5M max earnout); expected Zigor/Apex Power acquisition ($80.5M) pending Spanish FDI approval; rapid M&A pace raises integration risk.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-K on SEC EDGAR →Share on X

Revenue

Q4 2026

$880.5M

Net Income

Q4 2026

$150.6M

Free Cash Flow

Q4 2026

$153.6M

Operating Margin

Q4 2026

17.4%

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+20.3% YoY

$3.56BFY 2026

FY21 $1.20BFY24 $2.50BFY25 $2.96BFY26 $3.56B

Net Income

+15.1% YoY

$585.9MFY 2026

FY21 $0.00FY24 $306.2MFY25 $509.2MFY26 $585.9M

Operating Income

+9.1% YoY

$697.3MFY 2026

FY21 $158.5MFY24 $587.1MFY25 $639.1MFY26 $697.3M

EPS (Diluted)

+10.7% YoY

$3.84FY 2026

FY21 —FY24 $3.37FY25 $3.47FY26 $3.84

Total Assets

+27.6% YoY

$4.07BFY 2026

FY21 —FY24 $2.52BFY25 $3.19BFY26 $4.07B

Total Debt

—FY 2026

FY21 —FY24 $147.7MFY25 $0.00FY26 —

Op. Cash Flow

-14.2% YoY

$562.9MFY 2026

FY21 $94.3MFY24 $429.0MFY25 $655.8MFY26 $562.9M

Metric	FY 2026	FY 2025	FY 2024	FY 2021
Revenue	$3.56B +20.3%	$2.96B +18.4%	$2.50B +109.1%	$1.20B
Net Income	$585.9M +15.1%	$509.2M +66.3%	$306.2M	$0.00
Operating Income	$697.3M +9.1%	$639.1M +8.9%	$587.1M +270.3%	$158.5M
EPS (Diluted)	$3.84 +10.7%	$3.47 +3.0%	$3.37	—
Total Assets	$4.07B +27.6%	$3.19B +26.7%	$2.52B	—
Total Debt	—	$0.00 -100.0%	$147.7M	—
Operating Cash Flow	$562.9M -14.2%	$655.8M +52.9%	$429.0M +355.0%	$94.3M

AI Insight: NXT Financial Trends

Revenue plateaued around $880–$910M while operating margins compressed 220bps year-over-year; equity swelled 108% to $2.3B amid debt elimination.

• Revenue peaked at $924M in Q1 2025, then stabilized $881–$909M through Q1 2026—no growth last four quarters.

• Operating margin fell from 21.1% (Q1 2025) to 17.5% (Q1 2026), a 210bp contraction despite stable sales.

• Total debt eliminated from $147M (Q2 2024) to $0M by Q1 2025; equity nearly doubled to $2.3B by Q1 2026.

• Operating cash flow volatile: $237M (Q1 2025) down to $81M (Q2 2025), then $171M (Q1 2026)—no clear trend.

⚠ Operating margin compression (21.1%→17.5%) amid flat revenue signals deteriorating operational efficiency or mix headwinds.

⚠ Net income decline from $157M (Q1–Q2 2025) to $131–$151M suggests profitability pressures despite debt-free balance sheet.

⚠ Operating cash flow instability ($81M–$237M range) raises questions about working capital management and earnings quality.

AI Insight: NXT Ratio Trends

Operating margin and ROIC have contracted sharply over the past year, with Q1 2026 marking the lowest profitability in the data set.

• OpMargin fell from 22.2% in Q2 2024 to 17.4% in Q1 2026, a 480 basis point decline over 9 quarters.

• ROIC collapsed from 50.5% in Q2 2024 to 26.3% in Q1 2026, the lowest return on invested capital in the period.

• Net profit margin in Q1 2026 recovered to 17.1%, up from 14.4% in Q4 2025, but remains below prior-year levels.

⚠ Leverage metrics not reported for recent quarters; D/E was minimal through Q1 2025 but status unclear in Q1 2026.

⚠ ROE declined consistently from 43.4% in Q2 2024 to 25.8% in Q1 2026, signaling sustained deterioration in shareholder returns.

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Available Research

13F Pro tracks comprehensive data for Nextpower Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of NXT

BlackRock, Inc.
$3.0B24,872,657 sh
FMR LLC
$2.4B20,248,938 sh
PRIMECAP MANAGEMENT CO/CA/
$815.0M6,760,847 sh
STATE STREET CORP
$658.6M5,463,504 sh
Invesco Ltd.
$571.3M4,738,899 sh
GEODE CAPITAL MANAGEMENT, LLC
$531.7M4,410,129 sh
WELLINGTON MANAGEMENT GROUP LLP
$451.0M3,741,508 sh
Pictet Asset Management Holding SA
$332.5M2,760,792 sh
CHARLES SCHWAB INVESTMENT MANAGEMENT INC
$220.1M1,825,908 sh
NORTHERN TRUST CORP
$220.1M1,825,503 sh

Fund	Value	Shares
BlackRock, Inc.	$3.0B	24,872,657
FMR LLC	$2.4B	20,248,938
PRIMECAP MANAGEMENT CO/CA/	$815.0M	6,760,847
STATE STREET CORP	$658.6M	5,463,504
Invesco Ltd.	$571.3M	4,738,899
GEODE CAPITAL MANAGEMENT, LLC	$531.7M	4,410,129
WELLINGTON MANAGEMENT GROUP LLP	$451.0M	3,741,508
Pictet Asset Management Holding SA	$332.5M	2,760,792
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$220.1M	1,825,908
NORTHERN TRUST CORP	$220.1M	1,825,503

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Is NXT a good stock to buy?

13F Pro's AI-powered analysis of Nextpower Inc. (NXT) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for NXT are available on the NXT stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own NXT?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling NXT. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Nextpower Inc.'s investment landscape.