15 stories mentioning NXTUpdated 8d ago
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Nextpower (NXT) has an average rating of overweight and mean price target of $150.94, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
US energy technology firm Nextpower (NXT) said on Tuesday it had completed the acquisition of battery energy storage provider Prevalon Energy.The move aims to expand Nextpower's business beyond solar power as demand for grid-scale storage and power infrastructure accelerates.The deal adds Prevalon's battery energy storage systems, energy management software, power control technologies and lifecycle services to Nextpower's portfolio.Nextpower did not disclose the financial terms of the acquisition.The acquisition expands Nextpower's integrated energy technology platform to include grid-connected battery storage, hybrid power plants and infrastructure supporting artificial intelligence data centers, alongside its existing solar business.Prevalon has deployed over 6 gigawatt-hours of energy storage systems worldwide, giving Nextpower an established presence in the utility-scale storage market.Separately, Nextpower said it granted equity awards to former Prevalon employees as an inducement to join the company following the acquisition.The awards include about 810,733 performance-based restricted stock units and up to 375,000 service-based restricted stock units tied to Nextpower's Class A common stock.The RSUs will vest over four years, while the PSUs will vest based on Prevalon's gross profit performance between April 2026 and March 2030, subject to continued employment.The acquisition comes as rising electricity demand, driven by renewable energy integration and the expansion of AI data centers, boosts investment in battery storage systems that help stabilize electricity grids and provide dispatchable power.Price: $107.18, Change: $+6.94, Percent Change: +6.93%
Nextpower (NXT) shares were up more than 4% in Wednesday trading after Guggenheim upgraded the stock to buy from neutral, with a price target of $125.Trading volume stood at more than 1.6 million shares, against a daily average of roughly 2.8 million.Price: $109.14, Change: $+4.48, Percent Change: +4.28%
Solar and power technology solutions provider Nextpower (NXT) has agreed to acquire Germany-based solar technology provider Zimmermann PV-Steel Group in a cash and stock deal worth about $330 million euros ($378 million), Nextpower said on Monday.Founded in 1950, Zimmermann has deployed 20 gigawatts of generation capacity, delivering over 2,500 solar projects across 58 countries, Nextpower said in a statement.The transaction is expected to close in the second half of Nextpower's fiscal 2027, subject to customary closing conditions including required regulatory review.This deal, along with the recent launch of Nextpower's NX Gemini two-in-portrait tracker, are expected to more than double the company's opportunities in Europe, the statement said.
Nextpower (NXT), a solar and power technology solutions provider, on Wednesday launched a new solar tracker system, particularly designed to address Europe's varying geotechnical conditions.The company said that its NX Gemini two-in-portrait tracker system provides a solution to the region's challenging site and soil conditions.The new system is expected to offer greater flexibility to improve efficiency and reduce construction risk, according to Yves Figuerola, general manager at Nextpower Europe.The latest project expands Nextpower's product portfolio in Europe. Globally, the company said it has deployed over 160 gigawatts of integrated solutions to "streamline project execution and expand sites where solar can be built and operated reliably at scale."Price: $124.48, Change: $-1.15, Percent Change: -0.91%
Nicholas Marco Miller, Chief Operating Officer, on May 29, 2026, sold 22,427 shares in Nextpower (NXT) for $3,498,612. Following the Form 4 filing with the SEC, Miller has control over a total of 186,194 common shares of the company, with 186,194 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1852131/000095010326008183/xslF345X05/ownership.xml
Nextpower's (NXT) planned acquisition of Prevalon Energy is an opportunity to add value in power electronics and pairs well with its inverter business, RBC Capital Markets said in a Thursday note.The company agreed to acquire Prevalon Energy, a US joint venture between Mitsubishi Power Americas and EES, for up to $365 million in cash and stock. The deal will enable Nextpower to provide more integrated offerings in solar and storage, allow integrations of its power controls and inverters business into battery energy storage systems, and give access to existing Prevalon customers, according to the note.Nextpower's existing relationships and strong reputation will be a key differentiator in a competitive landscape, with rival firms having a more limited scope, the firm said. The company will be able to offer bundled solutions with its solar trackers, foundations, and Electrical Balance of System products, the note said.RBC maintained the company's stock rating at outperform and raised the price target to $149 from $146.Price: $154.38, Change: $+17.21, Percent Change: +12.55%
Nextpower (NXT) has an average rating of overweight and mean price target of $151.23, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Nextpower (NXT) agreed to acquire Prevalon Energy, a US joint venture between Mitsubishi Power Americas and EES, for up to $365 million in cash and stock to expand into battery storage and AI data-center infrastructure markets.The transaction is expected to close in Q2 of fiscal 2027, Nextpower said Thursday in a statement.The company also raised fiscal 2027 guidance to adjusted diluted EPS of $4.30 to $4.73 on revenue of $4 billion to $4.4 billion. The prior outlook was EPS of $3.19 to $3.56 on revenue of $3.8 billion to $4.1 billion.Analysts polled by FactSet expect EPS of $4.54 on revenue of $4 billion.Nextpower shares rose 7.9% in after-hours trading.
Howard Wenger, Director, President, on May 26, 2026, sold 62,670 shares in Nextpower (NXT) for $8,162,614. Following the Form 4 filing with the SEC, Wenger has control over a total of 416,597 common shares of the company, with 416,597 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1852131/000095010326007837/xslF345X05/ownership.xml
Howard Wenger, Director, President, on May 22, 2026, sold 9,051 shares in Nextpower (NXT) for $1,095,352. Following the Form 4 filing with the SEC, Wenger has control over a total of 489,137 common shares of the company, with 489,137 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1852131/000095010326007731/xslF345X05/ownership.xml
Howard Wenger, Director, President, on May 20, 2026, sold 16,090 shares in Nextpower (NXT) for $2,048,579. Following the Form 4 filing with the SEC, Wenger has control over a total of 508,582 common shares of the company, with 508,582 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1852131/000095010326007678/xslF345X05/ownership.xml
Nextpower (NXT) reported fiscal Q4 adjusted earnings late Tuesday of $1.05 per diluted share, down from $1.29 a year earlier.Analysts polled by FactSet expected $0.92.Revenue in the three months ended March 31 fell to $880.5 million from $924.3 million a year earlier.Analysts surveyed by FactSet expected $826.3 million.Nextpower expects fiscal 2027 adjusted EPS of $4.21 to $4.59. Analysts expect $4.72.The company boosted full-year revenue guidance to $3.8 billion to $4.1 billion from the prior forecast of $3.6 billion to $3.8 billion earlier. Analysts expect $3.92 billion.The company said separately it will acquire complementary assets of Zigor's power conversion business and its US unit Apex Power for $80.5 million. That includes $46 million at closing and up to $34.5 million in potential earnouts.Nextpower shares rose 11% in after-hours trading.
GUIDANCE: (NXT) Nextpower Expects Fiscal 2027 Adjusted EPS Range $4.21-$4.59, vs. FactSet Est of $4.72
GUIDANCE: (NXT) Nextpower Expects Fiscal 2027 Revenue Range $3.8B-$4.1B, vs. FactSet Est of $3.92B
