Nextpower completes its acquisition of the Zigor power conversion business and Apex Power, adding UL-certified inverters up to 5.2 MVA for utility-scale solar and storage. The acquisition accelerates the company’s U.S. manufacturing buildout.
Nextpower reports record revenue of $935 million and GAAP net income of $165 million for the first quarter of fiscal 2027. The company also reports backlog above $5.5 billion and projects full-year fiscal 2027 revenue of $4.1 billion to $4.4 billion.
Nextpower expands its solar product portfolio for international markets with the global launch of the NX Gemini 2P tracker and NX Anchor foundation system. The launch includes Europe and comes ahead of Intersolar Europe 2026.
Nextpower shares rise after the company agrees to acquire Prevalon Energy for up to $365 million. The deal expands Nextpower into battery storage and AI data center markets, and the company raises its 2027 outlook; UBS also lifts its price target to $170.
