On June 2, Nextpower rose 5.13% in regular trading, trading at $150.79/share, with trading volume of $46.864 million. The rally was driven by multiple investment banks collectively raising their target prices following the company's strategic acquisition of Prevalon Energy.
On the news front, BNP Paribas raised its target price on Nextpower from $177 to $182, maintaining an Outperform rating. Royal Bank of Canada also lifted its target from $146 to $149, maintaining an Outperform rating, noting that the Prevalon Energy acquisition is highly synergistic with the company's inverter business. The collective bullish stance from sell-side analysts, combined with the previously announced upward revision of fiscal 2027 revenue guidance to the $4.0–4.4 billion range — above the prior consensus estimate of $4.0 billion — continues to bolster market sentiment. The acquisition, which marks Nextpower's formal entry into battery energy storage systems and AI data center markets, was announced last week and initially propelled shares up over 13% intraday.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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