NextNRG (NASDAQ:NXXT) Issues Earnings Results

NextNRG (NASDAQ:NXXT) issued its quarterly earnings data on Friday. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01, FiscalAI reports. The company had revenue of $21.06 million for the quarter.

NextNRG Trading Down 5.9%

Shares of NXXT opened at $0.28 on Friday. The business’s 50-day moving average price is $0.41 and its 200 day moving average price is $0.96. The stock has a market capitalization of $43.93 million, a P/E ratio of -0.40 and a beta of -0.31. NextNRG has a 1-year low of $0.28 and a 1-year high of $3.31.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NXXT. Zacks Research cut shares of NextNRG from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 21st. Wall Street Zen cut shares of NextNRG from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of NextNRG in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $5.50.

Hedge Funds Weigh In On NextNRG

A number of institutional investors have recently bought and sold shares of NXXT. Jaffetilchin Investment Partners LLC purchased a new position in NextNRG in the 4th quarter worth about $874,000. Vanguard Group Inc. increased its stake in 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 purchasing an additional 595,448 shares in the last quarter. State Street Corp increased its stake in NextNRG by 289.1% in 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. Geode Capital Management LLC increased its stake in NextNRG by 57.2% in the 4th 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 in the last quarter. Finally, Themes Management Co LLC purchased a new position in NextNRG in the 1st quarter worth about $100,000. Hedge funds and other institutional investors own 10.56% of the company’s stock.

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.