NXT
Nextpower finalises Prevalon acquisition to expand into energy storage
Article Summary
BUY- Nextpower (NASDAQ: NEXT) completed its acquisition of Prevalon Energy, a US-based company specialising in large-scale battery energy storage systems and power stabilisation solutions, with a total consideration of up to $365 million in cash and stock.
- Nextpower's platform will now include BESS, power control technologies, energy management software, and long-term service offerings targeting grid-connected storage, AI data centre infrastructure, hybrid power plants, and critical power operations, with Nextpower raising its fiscal year 2027 outlook to around $4.4 billion in revenue, up from a previous forecast of $3.8-4.1 billion, and adjusted EBITDA of between $845 million and $930 million up from an earlier projection of $825 million to $900 million.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 20.3% | 25% | 70.0 ptsGood (20.3%) - Healthy growth |
| EPS Growth Next 5Y ? | 15.2% | 25% | 50.0 ptsMeets Minimum (15.2%) - Passes screener |
| Target Price Upside ? | 42.2% | 20% | 95.0 ptsHuge Upside (42.2%) - Target: $152.79 vs Current: $107.44 |
| Gross Margin % ? | 32.2% | 15% | 40.0 ptsModerate (32.2%) - Adequate margins |
| Drawdown from 52-Wk High ? | -34.1% | 15% | 80.0 ptsSolid Dip (-34.1%) - Good entry zone |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About NXT
- Nextpower Inc. provides solar and energy technology solutions for utility-scale power plants in the United States and internationally.
- It offers tracking solutions, including NX Horizon, a solar tracking solution; NX Horizon-XTR, a terrain-following tracker to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain; NX Horizon Hail Pro adds automatic stowing using weather service information; and NX Horizon Low Carbon, a solar tracker solution with a reduced carbon footprint.
- The company also provides TrueCapture, an energy yield management system that addresses power production shortfalls; NX Anchor and NX Earth Truss, a solar foundation technology to facilitate solar project development in challenging soil conditions; Truss Driver, an advanced installation equipment; and NX Navigator, which assists solar power plant owners and operators in monitoring, controlling, and protecting their solar projects.
- It serves engineering, procurement, and construction firms, as well as solar project developers and owners.
- The company was formerly known as Nextracker Inc. and changed its name to Nextpower Inc. in November 2025.
- The company was founded in 2013 and is headquartered in Fremont, California.