On May 29, Nextpower rose 5.71% in pre-market trading, trading at approximately $144.88/share, with trading volume of $21,200.

On the news front, the company announced it has signed a definitive agreement to acquire Prevalon Energy, formally entering the battery energy storage systems and AI data center markets — two high-growth sectors. Concurrently, Nextpower raised its FY2027 revenue outlook to a range of $4.0 billion to $4.4 billion, above the prior market consensus of $4.0 billion.

According to SEC filings, the transaction consideration comprises $150 million in cash, $50 million in Nextpower stock, and up to $165 million in contingent cash payments tied to future performance milestones. The strategic move diversifies Nextpower beyond its core solar tracker business into adjacent energy infrastructure verticals, signaling management's confidence in sustained demand from utility-scale storage and power-intensive AI computing facilities.

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