Nextpower to Acquire Prevalon Energy in $365 Million Deal to Expand Into BESS and AI Data Center Markets

Nextpower stock jumps to record high after $365M Prevalon deal

Shares of Nextpower (NXT) surged to record highs on Friday after the clean energy company announced a deal to acquire battery energy storage firm Prevalon Energy for up to $365 million, a move that deepens its push into AI-driven energy infrastructure markets.Nextpower stock rose as much as 14% during trading to around $156.50, significantly outperforming the broader market. The rally followed investor optimism surrounding the company’s largest …

Nextpower enters utility-scale BESS market with Prevalon acquisition

Solar PV solutions provider Nextpower has entered into a definitive agreement to acquire BESS system integrator Prevalon Energy for up to US$365 million.

Nextpower Stock Jumps 18% on Major Battery Storage Deal and Raised 2027 Outlook

Nextpower Inc. shares rose 18% following its acquisition of Prevalon Energy, expanding into battery storage and AI data center markets, and raising its fiscal 2027 outlook.

Nextpower gets into energy storage

From ESS News Nextpower has announced a major move into energy storage, with a stock exchange update that it has “entered a definitive agreement” to acquire Prevalon Energy, a US-headquartered joint venture between Mitsubishi Power Americas and EES, for up to $365 million in cash and stock. California-based Nextpower announced its corporate rebranding from Nextracker in November 2025, as it said it had evolved from solar tracking into a full-pla…

Nextpower acquires energy storage provider Prevalon Energy

Nextpower continues its quest to become a one-stop-shop for all things utility-scale power, announcing it plans to acquire Prevalon Energy, an American energy storage supplier. Nextpower will spend $365 million on the acquisition. Prevalon is a stand-alone company from Mitsubishi Power Americas. Prevalon provides fully integrated BESS solutions backed by its own intelligent control system.… The post Nextpower acquires energy storage provider Pre…

Nextpower to Acquire Prevalon Energy in $365 Million Deal to Expand into BESS and AI Data Center Markets

Nextpower, a U.S. solar and power technology company, has agreed to acquire Prevalon Energy, valued at up to $365 million, expanding into battery energy storage and AI infrastructure. This strategic move aims to enhance Nextpower's technology portfolio and market opportunities, raising revenue and EBITDA forecasts for fiscal year 2027. The deal highlights growing demand in energy storage for data centers. The post Nextpower to Acquire Prevalon E…