Extends addressable market with four new product lines, expanding reach across 15 additional countries, and access to large, legacy customer base Strong, established go-to-market channels expected to facilitate incremental demand for Nextpower product portfolio including trackers, eBOS, PCS, and BESS Business expected to contribute approximately €300 million in revenue and €45 million of adjusted EBITDA on an annual run-rate basis following transaction close, and is expected to be accretive INTERSOLAR EUROPE 2026 — Nextpower ™ (Nasdaq: NXT), a leading provider of solar and power technology solutions, today announced it has entered into a definitive agreement to acquire Zimmermann PV-Steel Group, a Germany-based solar technology provider with more than 20 gigawatts (GW) deployed and deep market presence in Germany, one of Europe’s largest solar markets. Built on steep slopes and engineered for heavy snow loads, the Osterberg solar project in Germany demonstrates fixed-tilt systems

Nextpower has launched its NX Gemini two-in-portrait solar tracker system globally and expanded its European product portfolio with NX Anchor, an integrated foundation system. The moves aim to address increasingly specialised solar project requirements across Europe as the region accelerates renewable energy development. The reimagined NX Gemini system incorporates five years of operational experience and features row-level control and weather response capabilities. The NX Anchor foundation system, designed for Europe's variable soil conditions, supports higher tracker clearances with up to 70% less embedment depth than standard H-piles and enables up to 20% faster installation. Nextpower, which has deployed over 160 gigawatts globally, will showcase its expanded portfolio at Intersolar Europe in Munich from 23-25 June. The company aims to streamline project execution whilst expanding sites suitable for reliable large-scale solar operations.

Nextpower reported first-quarter revenue of $880.5 million, beating analyst estimates of $827 million despite a 4.7% year-on-year decline. Adjusted earnings per share of $1.05 exceeded expectations of $0.93. CEO Daniel Shugar attributed the performance to robust bookings, record backlog and diversified global operations, noting "demand remains healthy and we continue to see strong bookings momentum supported by a flight to quality across our customer base." However, the company's guidance disappointed investors. Adjusted EPS guidance for financial year 2027 of $4.40 at the midpoint missed analyst estimates by 7.8%, whilst EBITDA guidance of $862.5 million fell short of expectations of $941.7 million. During the earnings call, analysts questioned management about tracker business growth, power conversion product deliveries, and potential project delays.