How Nextpower Inc. (NXT) Uses Prevalon to Push Beyond Solar Trackers Into Storage and Data-Center Power
Key takeaways
- (NXT) Uses Prevalon to Push Beyond Solar Trackers Into Storage and Data-Center Power Habib Ur Rehman Sun, June 28, 2026 at 12:48 AM GMT+7 1 min read NXT Nextpower Inc.
- On May 28, Nextpower announced a definitive agreement to acquire Prevalon Energy, a U.S.-headquartered battery energy storage systems provider, for up to $365 million.
- Prevalon brings more than 6 GWh of BESS systems deployed globally and 1.3 GW of firm supply contracts supporting AI and hyperscaler data-center infrastructure deployments.
How Nextpower Inc. (NXT) Uses Prevalon to Push Beyond Solar Trackers Into Storage and Data-Center Power Habib Ur Rehman Sun, June 28, 2026 at 12:48 AM GMT+7 1 min read NXT Nextpower Inc. (NASDAQ:NXT) is one of the best electrical equipment stocks to buy according to analysts.
On May 28, Nextpower announced a definitive agreement to acquire Prevalon Energy, a U.S.-headquartered battery energy storage systems provider, for up to $365 million. The transaction expands Nextpower beyond solar tracking into BESS, energy management software, and critical power infrastructure for utility grids, AI data centers, and industrial power systems.
Prevalon brings more than 6 GWh of BESS systems deployed globally and 1.3 GW of firm supply contracts supporting AI and hyperscaler data-center infrastructure deployments. The company also raised its fiscal 2027 outlook, now expecting revenue of $4.0 billion to $4.4 billion, compared with its prior $3.8 billion to $4.1 billion range. The analyst angle followed quickly: RBC Capital said on May 29 that the planned Prevalon acquisition pairs well with Nextpower's inverter business, while keeping an Outperform rating and lifting its price target to $149 from $146.