On May 29, Nextpower rose 5.39% overnight, trading at $144.57 per share. The rally was driven by the company announcing a definitive agreement to acquire Prevalon Energy and simultaneously raising its fiscal 2027 revenue outlook.

Nextpower signed a definitive agreement to acquire Prevalon Energy, formally entering the battery energy storage system and AI data center markets. The transaction structure includes $150 million in cash, $50 million in Nextpower stock, and up to $165 million in contingent cash payments tied to future performance milestones. Alongside the acquisition, the company raised its FY2027 revenue guidance to $4.0 billion–$4.4 billion, exceeding the prior FactSet consensus estimate of $4.0 billion. Notably, the company's most recent fourth fiscal quarter delivered revenue of $881 million and adjusted EPS of $1.05, both significantly surpassing expectations, further reinforcing investor confidence in its medium-term growth trajectory.

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