NextNRG (NASDAQ:NXXT) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of NextNRG (NASDAQ:NXXT) from a hold rating to a sell rating in a research report sent to investors on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of NextNRG in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, NextNRG presently has an average rating of “Moderate Buy” and an average price target of $5.50.

NextNRG Stock Performance

NextNRG stock opened at $0.66 on Friday. NextNRG has a 1 year low of $0.47 and a 1 year high of $3.59. The firm’s 50-day moving average is $1.07 and its 200-day moving average is $1.50. The company has a market cap of $88.60 million, a P/E ratio of -0.33 and a beta of -0.57.

Insider Activity at NextNRG

In other news, Director Daniel Ronald Arbour sold 31,446 shares of the business’s stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $1.46, for a total transaction of $45,911.16. Following the completion of the transaction, the director directly owned 86,513 shares in the company, valued at approximately $126,308.98. The trade was a 26.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Avishai Vaknin sold 15,000 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $2.00, for a total value of $30,000.00. Following the completion of the transaction, the chief technology officer directly owned 284,204 shares of the company’s stock, valued at $568,408. This trade represents a 5.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 147,056 shares of company stock worth $207,764 in the last 90 days. 69.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NXXT. Forefront Wealth Partners LLC acquired a new stake in shares of NextNRG in the 3rd quarter worth approximately $917,000. Deutsche Bank AG increased its stake in shares of NextNRG by 240.1% during 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 during the period. Corient Private Wealth LLC bought a new stake in NextNRG during the fourth quarter worth approximately $63,000. Wells Fargo & Company MN lifted its position in NextNRG by 193.7% in the fourth quarter. Wells Fargo & Company MN now owns 40,925 shares of the company’s stock worth $59,000 after purchasing an additional 26,991 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in NextNRG by 94.0% in the third quarter. JPMorgan Chase & Co. now owns 23,241 shares of the company’s stock worth $43,000 after purchasing an additional 11,261 shares during the period. 10.56% of the stock is owned by institutional investors and hedge funds.

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.