Nextpower Inc. reported financial results for its first fiscal quarter ended July 3, 2026, announcing record quarterly revenue of $935 million and GAAP net income of $165 million. The company grew its backlog to more than $5.5 billion, driven by strong customer demand and the recent acquisition of Prevalon’s energy storage business. Management updated its full-year fiscal 2027 outlook, raising revenue guidance to a range of $4.1 to $4.4 billion from $4.0 to $4.4 billion. The company operates in the clean power technology sector, providing integrated solar tracker and energy storage solutions for utility-scale infrastructure.

Nextpower Inc. entered into a share purchase and transfer agreement to acquire Zimmerman PV-Steel Group GmbH & Co. KG for a total consideration of up to €330 million. The transaction includes approximately €180 million in cash, €105 million in Nextpower Class A common stock, and up to €45 million in contingent cash consideration. Nextpower Inc. operates in the energy infrastructure market.