NextNRG (NASDAQ:NXXT) Issues Quarterly Earnings Results

NextNRG (NASDAQ:NXXT) issued its quarterly earnings results on Thursday. The company reported ($0.04) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $27.75 million during the quarter.

NextNRG Stock Up 15.4%

NXXT stock traded up $0.04 during midday trading on Thursday, reaching $0.32. 12,379,520 shares of the company’s stock traded hands, compared to its average volume of 8,996,810. The firm’s fifty day moving average price is $0.36 and its 200-day moving average price is $0.50. NextNRG has a 52 week low of $0.20 and a 52 week high of $2.88. The company has a market cap of $54.15 million, a price-to-earnings ratio of -0.46 and a beta of 0.06.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of NextNRG to a “sell” rating in a research note on Saturday, May 23rd. Zacks Research upgraded shares of NextNRG from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 16th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of NextNRG in a report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $5.00.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of NextNRG by 131.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,049,265 shares of the company’s stock worth $1,920,000 after acquiring an additional 595,448 shares during the last quarter. Geode Capital Management LLC boosted its stake in NextNRG by 57.2% during the 4th quarter. Geode Capital Management LLC now owns 868,998 shares of the company’s stock valued at $1,260,000 after purchasing an additional 316,250 shares during the last quarter. State Street Corp increased its holdings in NextNRG by 289.1% during the 4th quarter. State Street Corp now owns 551,524 shares of the company’s stock worth $800,000 after purchasing an additional 409,768 shares in the last quarter. Themes Management Co LLC bought a new stake in NextNRG during the 1st quarter worth approximately $100,000. Finally, Jane Street Group LLC raised its stake in shares of NextNRG by 646.9% in the fourth quarter. Jane Street Group LLC now owns 249,276 shares of the company’s stock worth $361,000 after purchasing an additional 215,901 shares during the last quarter. 10.56% of the stock is currently owned by institutional investors and hedge funds.

NextNRG Company Profile

NextNRG Corp (NASDAQ: NXXT) is a technology-driven energy company specializing in the design, development and deployment of turnkey microgrid solutions and distributed energy systems. The company’s offerings include advanced energy storage systems, solar generation integration, and digital control platforms that allow commercial, industrial and utility customers to optimize energy reliability and reduce dependence on traditional grid infrastructure.

NextNRG’s services span the full project lifecycle, encompassing initial feasibility studies, engineering and procurement, construction management, and ongoing operations and maintenance.