NextNRG (NASDAQ:NXXT) Posts Earnings Results, Beats Expectations By $0.02 EPS

NextNRG (NASDAQ:NXXT) issued its quarterly earnings data on Thursday. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02, FiscalAI reports. The business had revenue of $27.75 million during the quarter.

NextNRG Trading Down 18.7%

Shares of NXXT traded down $0.06 during midday trading on Friday, hitting $0.26. The stock had a trading volume of 4,296,243 shares, compared to its average volume of 9,014,917. The business has a 50-day simple moving average of $0.36 and a two-hundred day simple moving average of $0.50. The firm has a market cap of $44.05 million, a P/E ratio of -0.37 and a beta of 0.06. NextNRG has a fifty-two week low of $0.20 and a fifty-two week high of $2.88.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NXXT shares. Wall Street Zen raised NextNRG to a “sell” rating in a research note on Saturday, May 23rd. Zacks Research raised shares of NextNRG from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 16th. HC Wainwright decreased their target price on shares of NextNRG to $1.50 and set a “buy” rating for the company in a research report on Friday. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of NextNRG in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, NextNRG has an average rating of “Hold” and a consensus target price of $1.50.

Hedge Funds Weigh In On NextNRG

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Corient Private Wealth LLC purchased a new position in shares of NextNRG during the fourth quarter valued at $63,000. Wells Fargo & Company MN lifted its stake in NextNRG by 193.7% in the 4th quarter. Wells Fargo & Company MN now owns 40,925 shares of the company’s stock worth $59,000 after acquiring an additional 26,991 shares in the last quarter. HRT Financial LP purchased a new stake in NextNRG in the 4th quarter worth about $31,000. Deutsche Bank AG boosted its position in NextNRG by 240.1% during the 4th quarter. Deutsche Bank AG now owns 45,813 shares of the company’s stock worth $66,000 after acquiring an additional 32,343 shares during the period. Finally, Millennium Management LLC acquired a new stake in NextNRG during the 3rd quarter worth about $66,000. Institutional investors and hedge funds 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.