Nextpower is betting big on batteries to turn its solar tracker dominance into a clean energy bet.
Nextpower controls about 55 percent of the U.S. solar tracker market and roughly 30 percent globally, and its trackers can lift solar energy production by almost 30 percent. This week, the clean energy technology company was expanding through acquisitions, including a $365 million deal for Prevalon Energy and a $378 million purchase of Germany solar group Zimmermann PV-Steel. Its stock is up 12 percent this year to a $15 billion market cap, and its project backlog has tripled to over $6 billion. The company is now aiming to cover batteries and broader solar hardware, betting that AI data center demand will fuel long-term growth.