SCHEDULE: FMR LLC Reports 12.4% Stake in NextPower Inc.

FMR LLC and Abigail P. Johnson have reported beneficial ownership of 18,749,214.57 shares, representing 12.4% of NextPower Inc.'s Class A Common Stock as of June 30, 2026.

Summary

• FMR LLC and Abigail P. Johnson, through various affiliated entities, have filed a Schedule 13G, indicating their beneficial ownership of NextPower Inc.'s Class A Common Stock.
• The filing reports a total of 18,749,214.57 shares owned, which constitutes 12.4% of the class of securities.
• This ownership is held with sole dispositive power and reflects the aggregate amount beneficially owned by the reporting persons.
• The filing is an amendment (Amendment No. 2) and the event date requiring the filing is June 30, 2026.
• The reporting persons are classified as investment advisors (IA) and holding companies (HC) through their respective entities.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it primarily reports on beneficial ownership changes and does not contain operational or financial performance updates.

Positives

• FMR LLC and Abigail P. Johnson have a significant beneficial ownership stake (12.4%) in NextPower Inc., indicating confidence or investment strategy.
• The filing clearly outlines the aggregate shares owned and the percentage of the class represented, providing transparency to the market.

Negatives

• The filing does not provide any information on the company's financial performance, operational status, or future prospects, limiting its insight into the company's health.

Risks

• The filing does not explicitly mention any risks associated with NextPower Inc. or the reporting persons' investment.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding NextPower Inc.'s future performance.

Management Comments

• FMR LLC and Abigail P. Johnson certify that the securities were acquired and are held in the ordinary course of business and were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors and large shareholders to report their significant stakes in public companies. This filing indicates FMR LLC's continued or established investment in NextPower Inc.

Related Party Transactions

• The filing mentions a shareholders' voting agreement among members of the Johnson family regarding Series B voting common shares of FMR LLC, which may deem them a controlling group with respect to FMR LLC.

Stakeholder Impact

• Shareholders of NextPower Inc. are informed of a significant institutional investor's stake, which can influence market perception.
• The clear reporting of ownership by FMR LLC and Abigail P. Johnson enhances transparency for all stakeholders.

Next Steps

• The reporting persons will continue to hold their shares in the ordinary course of business.
• Future amendments to this Schedule 13G will be filed if there are material changes in beneficial ownership.

Key Dates

Keywords

NextPower Inc., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Class A Common Stock, Investment Advisor, Holding Company