AcquisitionsMay 28, 2026, 04:13 PM
Nextpower to Acquire Prevalon Energy for up to $365M; Raises FY27 Outlook
AI Summary
Nextpower Inc. announced a definitive agreement to acquire Prevalon Energy for up to $365 million, comprising cash, stock, and contingent cash consideration. This acquisition is expected to expand Nextpower's technology platform into Battery Energy Storage Systems (BESS) and AI data center markets, leveraging Prevalon's 6 GWh of deployed BESS systems. Following the announcement, Nextpower raised its fiscal year 2027 outlook, projecting higher revenue and adjusted EBITDA, with the transaction expected to close in Q2 FY27.
Key Highlights
- Nextpower to acquire Prevalon Energy for up to $365 million, consisting of $150M cash, $50M stock, and up to $165M contingent cash.
- The acquisition extends Nextpower's platform into Battery Energy Storage Systems (BESS) and AI data center markets.
- Prevalon has over 6 GWh of BESS systems deployed globally and 1.3 GW of firm supply contracts for AI/hyperscaler data centers.
- Nextpower raises FY27 revenue outlook to $4.0B-$4.4B from $3.8B-$4.1B.
- Nextpower raises FY27 adjusted EBITDA outlook to $845M-$930M from $825M-$900M.
- Nextpower raises FY27 GAAP Net Income outlook to $507M-$573M from $501M-$559M.
- Nextpower raises FY27 GAAP Diluted EPS outlook to $3.22-$3.64 from $3.19-$3.56.
- Nextpower raises FY27 Adjusted Diluted EPS outlook to $4.30-$4.73 from $4.21-$4.59.
Price Impact
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