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Nextpower Inc. (NASDAQ:NXT) is one of the best up and coming tech stocks to buy now. On June 22, Nextpower announced a definitive agreement to acquire the Germany-based Zimmermann PV-Steel Group for up to €330 million. This acquisition adds four new product lines (including fixed-tilt, carport, and agriPV solutions) to Nextpower's portfolio, significantly expanding its addressable market and reach across 15 additional countries.

The transaction is expected to close in the second half of fiscal 2027 and is projected to contribute approximately €300 million in annual revenue and €45 million in adjusted EBITDA. By integrating Zimmerman's deep expertise in European solar projects with Nextpower's existing technology, the company aims to better support developers and EPC customers across the region.

For illustration purposes only. Photo by Adrinil Dennis on Pexels

Following the acquisition, the business will operate as "Zimmermann PV, a Nextpower Company," maintaining its local engineering focus while using Nextpower's global scale. This move is intended to strengthen Nextpower Inc.'s (NASDAQ:NXT) competitive position in Europe, where fixed-tilt systems currently account for about 50 percent of the utility-scale solar market.

Nextpower Inc. (NASDAQ:NXT) provides solar trackers, foundations, electrical balance-of-systems, power conversion, energy storage, controls, and software solutions for utility-scale solar and power infrastructure projects.

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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