Nextracker Inc.
Nextpower Enters BESS and AI Data Center Markets with Acquisition of Prevalon Energy
Summary
Nextpower Inc. has entered into a definitive agreement to acquire Prevalon Energy, a U.S.-headquartered joint venture between Mitsubishi Power Americas and EES, for total consideration of up to $365 million. The acquisition is expected to extend Nextpower's technology platform across BESS and intelligent controls for critical power infrastructure. The transaction is expected to be accretive to Nextpower's fiscal year 2027 outlook, with updated revenue expectations of $4.0 billion to $4.4 billion and adjusted EBITDA of $845 million to $930 million. The acquisition is expected to close in Q2 FY27, subject to customary regulatory approvals and closing conditions.
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About Nextracker Inc.
Nextracker Inc. is a leading company in the solar energy industry, specializing in the design and manufacturing of advanced solar tracking systems. These systems enhance the productivity of solar panels by allowing them to follow the sun's movement, thus maximizing energy capture throughout the day. Given its innovative approach, Nextracker plays a crucial role in the renewable energy sector, catering to utility-scale solar projects across the globe. By improving the efficiency and cost-effectiveness of solar energy solutions, the company significantly contributes to the broad adoption of clean energy resources. Nextracker’s offerings are pivotal in modern energy portfolios, reflecting broader market trends towards sustainable and green energy alternatives. As demand for renewable energy continues to grow, Nextracker Inc. remains integral to the global transition towards low-carbon energy solutions.
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