On July 21, Nextpower rose 5.03% in regular trading, trading at approximately $106.11/share, with turnover of $54.81 million. The gain was driven by the company's formal announcement on July 20 that it had completed its acquisition of energy storage integrator Prevalon Energy, marking its full entry into the advanced energy storage business.

According to public disclosures, Nextpower signed the definitive agreement in June to acquire Prevalon for up to $365 million, including up to $100 million in performance-based equity for Prevalon management and up to $35 million in restricted stock for employees. Following the close, Prevalon will operate independently as Nextpower's energy storage division under founding CEO Tom Connell. Nextpower CEO Dan Shugar stated the deal enables the company to immediately enter the BESS and AI data center power supply business.

Nextpower also issued equity incentive awards to former Prevalon employees under Nasdaq Listing Rule 5635 to retain key talent and ensure operational continuity post-acquisition.

(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.)