Overview
- Nextpower announced a definitive agreement to acquire Prevalon Energy for up to $365 million in cash and stock, a transaction disclosed in filings and press releases on May 28–29, 2026.
- The company says the purchase immediately expands its product set into battery energy storage systems (BESS) and intelligent power for AI data centers by adding Prevalon’s modular HD5 DC/AC blocks, Hybrid Power Stabilizer and insightOS controls.
- Nextpower raised its fiscal 2027 outlook to about $4.0–4.4 billion in revenue and $845–930 million in adjusted EBITDA on the assumption the deal closes, and it disclosed roughly $50 million of incremental costs tied to faster entry into power conversion.
- The agreement is subject to customary closing conditions and antitrust or other regulatory review and is expected to close in Q2 FY27, so integration, approval and execution risks remain material to the timetable and expected benefits.
- Nextpower says the deal opens new market access to utilities, independent power producers and large hyperscalers and positions the company to pursue what it estimates is a multibillion-dollar BESS opportunity outside China through 2030.