Nextpower Inc. (NASDAQ:NXT) is included among the 10 Best Renewable Energy Stocks to Buy According to Billionaires.
Nextpower Inc. (NASDAQ:NXT) designs, engineers, and delivers an advanced energy technology platform for solar power plants, innovating across structural, electrical, and digital domains.
On June 1, Susquehanna analyst Charles Minervino boosted the firm’s price target on Nextpower Inc. (NASDAQ:NXT) from $161 to $180, while keeping a ‘Positive’ rating on the shares. The revised target represents an upside of almost 23% from the current levels.
The move comes after Nextpower Inc. (NASDAQ:NXT) announced on May 28 that it would acquire battery company Prevalon Energy in a deal worth as much as $365 million, marking the solar-tracking provider’s entry into energy storage and the fast-growing AI data-center market. The acquisition will allow Nextpower to broaden its presence in the utility-scale storage market, leveraging Prevalon’s portfolio of more than 6 GWh of systems deployed and 1.3 GW of supply contracts for AI data centers to manage their rapid load swings.
Notably, Nextpower Inc. (NASDAQ:NXT) revealed that the deal allows it to raise its FY 2027 revenue guidance to the range of $4 billion to $4.4 billion, up from its prior outlook of $3.8 billion to $4.1 billion. The company also upped its adjusted EBITDA forecast to between $845 million and $930 million, versus its previous guidance of $825 million to $900 million. Moreover, Nextpower’s management expressed confidence in their ability to exceed their long- term 2030 targets.
While we acknowledge the potential of NXT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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