NextNRG (NASDAQ:NXXT) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

NextNRG (NASDAQ:NXXT) posted its earnings results on Friday. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.01, FiscalAI reports. The business had revenue of $21.06 million for the quarter.

NextNRG Stock Performance

Shares of NASDAQ NXXT traded down $0.02 during mid-day trading on Friday, hitting $0.28. 20,585,755 shares of the stock traded hands, compared to its average volume of 2,444,730. NextNRG has a 52 week low of $0.28 and a 52 week high of $3.31. The company has a market cap of $43.92 million, a price-to-earnings ratio of -0.13 and a beta of -0.31. The stock has a fifty day moving average price of $0.41 and a 200-day moving average price of $0.96.

Institutional Investors Weigh In On NextNRG

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted 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 acquiring an additional 595,448 shares in the last quarter. Geode Capital Management LLC boosted 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 acquiring an additional 316,250 shares in the last quarter. Jaffetilchin Investment Partners LLC bought a new stake in NextNRG in the fourth quarter worth $874,000. State Street Corp boosted 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 acquiring an additional 409,768 shares in the last quarter. Finally, Themes Management Co LLC bought a new stake in NextNRG in the first quarter worth $100,000. 10.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NXXT shares. Weiss Ratings reissued a “sell (e+)” rating on shares of NextNRG in a research note on Tuesday, April 21st. Wall Street Zen cut NextNRG from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Finally, Zacks Research lowered NextNRG from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” 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.