Nextpower rebrands, completes $445M in acquisitions entering battery storage and power conversion

Filed August 3, 2026 · Period ending July 3, 2026 · Compared to 10-Q Aug 1, 2025 · ~2 min read

Key Changes

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  Company rebranded from Nextracker to Nextpower and closed two major acquisitions in July 2026: up to $365M Prevalon Energy (battery storage, energy management software, AI data center infrastructure) and $80.5M Zigor/Apex Power (UL-certified central inverters for utility-scale solar and storage).

  Notes: Subsequent Events verify on EDGAR →
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  Q1 FY27 revenue grew 8.2% YoY to $935.2M, driven by higher U.S. pricing and demand (U.S. revenue +29% to $775.6M, now 83% of total), offset by 40% decline in Rest of World revenue to $159.6M as Latin America and Middle East shipments fell.

  MD&A: Revenue verify on EDGAR →
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  Operating income rose 3% YoY to $190.9M despite 19% gross profit growth, as SG&A jumped 36% ($26.5M) and R&D more than doubled (+106%, $22.9M) to support acquisitions and engineering expansion.

  MD&A: Operating Expenses verify on EDGAR →