NextNRG (NASDAQ:NXXT) Price Target Lowered to $1.50 at HC Wainwright

NextNRG (NASDAQ:NXXT) had its target price decreased by HC Wainwright to $1.50 in a research note released on Friday morning,Benzinga reports. HC Wainwright currently has a buy rating on the stock.

NXXT has been the subject of a number of other reports. Wall Street Zen upgraded NextNRG to a “sell” rating in a research report on Saturday, May 23rd. Zacks Research upgraded NextNRG from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 16th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of NextNRG in a research report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $1.50.

NextNRG Stock Performance

Shares of NASDAQ:NXXT opened at $0.27 on Friday. The firm has a market cap of $44.93 million, a PE ratio of -0.61 and a beta of 0.06. The firm’s fifty day moving average is $0.35 and its 200-day moving average is $0.49. NextNRG has a 52 week low of $0.20 and a 52 week high of $2.88.

NextNRG (NASDAQ:NXXT) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The company had revenue of $27.75 million during the quarter. Sell-side analysts forecast that NextNRG will post -0.26 EPS for the current year.

Institutional Investors Weigh In On NextNRG

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in NextNRG by 131.2% in the third quarter. Vanguard Group Inc. now owns 1,049,265 shares of the company’s stock valued at $1,920,000 after buying an additional 595,448 shares during the period. State Street Corp boosted its stake in NextNRG by 289.1% during 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. Geode Capital Management LLC boosted its stake in NextNRG by 57.2% during 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. Themes Management Co LLC acquired a new stake in NextNRG in the first quarter worth $100,000. Finally, Jane Street Group LLC grew its holdings in NextNRG by 646.9% in the fourth quarter. Jane Street Group LLC now owns 249,276 shares of the company’s stock worth $361,000 after purchasing an additional 215,901 shares during the period. Institutional investors own 10.56% of the company’s stock.

NextNRG Company Profile

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.