Nextpower Closes Power Conversion Acquisition, Targets 10 GW U.S. Manufacturing Capacity
NXT sits 80% above its 52-week low of $52.61.
Summary
Nextpower completed its acquisition of Zigor's power conversion assets and Apex Power, adding UL-certified central inverters for utility-scale solar and storage. The deal, first announced in May, now brings proprietary inverter tech, an experienced team, and established supply chains. Management is accelerating U.S. manufacturing, with deliveries starting in early 2027 and over 10 GW of capacity expected within twelve months. This follows a string of strategic acquisitions—Prevalon Energy and Zimmermann PV-Steel—and strong Q1 FY27 results that beat estimates and raised guidance. The integration of power conversion capabilities strengthens Nextpower's vertical stack and positions it to capture demand from the utility-scale clean energy buildout.
At the time of this announcement, NXT was trading at $94.52 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $14.7B. The 52-week trading range was $52.61 to $163.13. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.