NextNRG (NASDAQ:NXXT) Announces Earnings Results

NextNRG (NASDAQ:NXXT) issued its quarterly earnings data on Wednesday. The company reported ($0.21) EPS for the quarter, FiscalAI reports. The company had revenue of $23.01 million for the quarter.

NextNRG Trading Down 19.9%

NASDAQ NXXT opened at $0.40 on Friday. The firm’s fifty day simple moving average is $0.55 and its two-hundred day simple moving average is $1.20. NextNRG has a 12-month low of $0.32 and a 12-month high of $3.59. The firm has a market capitalization of $53.47 million, a P/E ratio of -0.20 and a beta of -0.32.

Hedge Funds Weigh In On NextNRG

Several institutional investors and hedge funds have recently bought and sold shares of NXXT. Jaffetilchin Investment Partners LLC purchased a new position in NextNRG in the fourth quarter worth $874,000. Vanguard Group Inc. grew its holdings in NextNRG by 131.2% in the third quarter. Vanguard Group Inc. now owns 1,049,265 shares of the company’s stock worth $1,920,000 after purchasing an additional 595,448 shares during the last quarter. Forefront Wealth Partners LLC purchased a new position in NextNRG in the third quarter worth $917,000. State Street Corp grew its holdings in NextNRG by 289.1% in the fourth quarter. State Street Corp now owns 551,524 shares of the company’s stock worth $800,000 after purchasing an additional 409,768 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in NextNRG by 57.2% in the fourth quarter. Geode Capital Management LLC now owns 868,998 shares of the company’s stock worth $1,260,000 after purchasing an additional 316,250 shares during the last quarter. 10.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NXXT shares. Weiss Ratings reissued a “sell (e+)” rating on shares of NextNRG in a research note on Thursday, January 22nd. Wall Street Zen downgraded shares of NextNRG from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $5.50.

About NextNRG

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.