Goldman Sachs maintains a Buy rating on Nextpower (NXT) following the announced acquisition of Germany-based Zimmermann PV-Steel Group for up to €330mn. The deal aims to enhance NXT's European market share and support growth in fixed-tilt solar and BESS installations.
Key Takeaways
- 1.NXT is acquiring Zimmermann PV-Steel Group for up to €330mn to expand into the European fixed-tilt solar market.
- 2.The acquisition is expected to provide ~€300mn in annual run-rate revenue and ~€45mn in adj. EBITDA.
- 3.F2027 guidance remains unchanged following this specific acquisition announcement.
Table of Contents
- Key takeaways
- Valuation and key risks
- Disclosure Appendix
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Authors
Brian Lee, CFATyler Bisset, CFAKeshav Choudhary
Securities
NXT
Themes
European Market ExpansionEnergy TransitionM&A
Regions
EuropeGermany