NextNRG (NASDAQ:NXXT) Stock Rating Lowered by Zacks Research

NextNRG (NASDAQ:NXXT) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other equities analysts also recently issued reports on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of NextNRG in a research note on Tuesday. Wall Street Zen downgraded shares of NextNRG from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $5.50.

NextNRG Price Performance

NXXT stock traded down $0.01 during mid-day trading on Tuesday, reaching $0.40. The company had a trading volume of 443,282 shares, compared to its average volume of 2,196,295. The company has a market capitalization of $61.88 million, a PE ratio of -0.17 and a beta of -0.32. The firm has a 50 day moving average of $0.50 and a 200 day moving average of $1.15. NextNRG has a 12 month low of $0.32 and a 12 month high of $3.59.

NextNRG (NASDAQ:NXXT) last issued its earnings results on Wednesday, April 15th. The company reported ($0.21) EPS for the quarter. The business had revenue of $23.01 million for the quarter. Analysts anticipate that NextNRG will post -0.32 EPS for the current year.

Hedge Funds Weigh In On NextNRG

Hedge funds and other institutional investors have recently modified their holdings of the business. Forefront Wealth Partners LLC bought a new position in shares of NextNRG during the third quarter valued at approximately $917,000. HRT Financial LP bought a new position in shares of NextNRG during the fourth quarter valued at approximately $31,000. JPMorgan Chase & Co. boosted its stake in NextNRG by 94.0% in the third quarter. JPMorgan Chase & Co. now owns 23,241 shares of the company’s stock valued at $43,000 after acquiring an additional 11,261 shares in the last quarter. Wells Fargo & Company MN boosted its stake in NextNRG by 193.7% in the fourth quarter. Wells Fargo & Company MN now owns 40,925 shares of the company’s stock valued at $59,000 after acquiring an additional 26,991 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in NextNRG by 240.1% in the fourth quarter. Deutsche Bank AG now owns 45,813 shares of the company’s stock valued at $66,000 after acquiring an additional 32,343 shares in the last quarter. 10.56% of the stock is currently owned by institutional investors.

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.