M&A
confidence high
sentiment positive
materiality 0.80
Nextpower to acquire Prevalon Energy for up to $365M; raises FY27 outlook
Nextpower Inc.
- Total consideration: ~$150M cash, $50M in stock (60-day VWAP), plus up to $165M contingent.
- Prevalon has 6+ GWh BESS deployed globally and 1.3 GW firm supply contracts for AI data centers.
- Fiscal 2027 revenue guidance raised to $4.0-4.4B from $3.8-4.1B; adjusted EBITDA to $845-930M from $825-900M.
- Transaction expected to close in Q2 FY27, subject to regulatory approvals; acquisition accretive to FY27 outlook.