Nextpower shares rise 5.00% intraday following MENA joint venture and Fitch BBB- rating.

Nextpower surged 5.00% intraday following the announcement of its joint venture with Abunayyan Holding in the Middle East and the Fitch BBB- investment-grade rating. The Riyadh-based Nextpower Arabia venture, which includes a Jeddah solar-tracker manufacturing facility, signals significant regional expansion, while the Fitch rating highlights improved access to credit markets. These developments align with the stock’s upward movement, reinforcing the company’s growth narrative and execution potential. Roth MKM’s maintained buy rating with a $120 target further supports investor optimism. The UK acquisition news (NXT.L) was unrelated to the US-listed NXT and thus excluded.