Nextpower (NXT) Surges 14% After $365 Million Prevalon Energy Acquisition

Nextpower (NASDAQ:NXT) shares surged 14.1% to $156.50 on May 29, 2026, following the solar tracker company's agreement to acquire battery energy storage specialist Prevalon Energy for up to $365 million. The deal expands Nextpower into the utility grid and AI data center markets. The company raised its fiscal 2027 revenue forecast to a range of $4.0 billion to $4.4 billion, up from a previous outlook of $3.8 billion to $4.1 billion, and increased its adjusted profit guidance. Analysts responded favorably: UBS lifted its price target to $170 from $140, while Northland, Wolfe Research, and Jefferies also raised targets and maintained positive ratings. Nextpower's stock is up 66% year-to-date, setting a new 52-week high. The acquisition marks a strategic entry into the fast-growing battery storage sector, linking renewable generation to grid-scale demand and data center power needs.