Recent Updates — NXT

Nextpower Inc. reported second fiscal quarter 2027 results with record revenue of $1.1 billion and adjusted EBITDA of approximately $250 million. The company also announced the appointment of Sarah Slusser and Michael Alvarez to its Board of Directors, expanding the board size from ten to twelve members. Nextpower operates in the clean power technology sector, providing integrated solar and energy storage solutions for utility-scale infrastructure.

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.