Nextpower Raises Forecast and Expands into the Battery Storage Market for AI Data Centers

Nextpower acquires Prevalon Energy for up to 365 million USD and strategically enters the lucrative markets for battery energy storage systems (BESS) and the power supply for AI data centers. For the fiscal year 2027, management raises its forecast and now expects revenues of up to 4.4 billion USD as well as adjusted EBITDA of up to 930 million USD. In the recently concluded fiscal year 2026, the group recorded a revenue growth of 20% to 3.56 billion USD with a record order backlog of over 5.25 billion USD.   Nextpower (NXT) is undergoing...