Head-To-Head Comparison: ReNew Energy Global (NASDAQ:RNW) and NextNRG (NASDAQ:NXXT)

ReNew Energy Global (NASDAQ:RNW) and NextNRG (NASDAQ:NXXT) are both energy companies, but which is the superior investment? We will contrast the two companies based on the strength of their risk, earnings, valuation, analyst recommendations, institutional ownership, profitability and dividends.

Volatility and Risk

ReNew Energy Global has a beta of 0.89, suggesting that its share price is 11% less volatile than the S&P 500. Comparatively, NextNRG has a beta of -0.57, suggesting that its share price is 157% less volatile than the S&P 500.

Profitability

This table compares ReNew Energy Global and NextNRG’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
ReNew Energy Global	5.37%	7.90%	1.08%
NextNRG	-85.79%	N/A	-270.09%

Institutional & Insider Ownership

43.6% of ReNew Energy Global shares are owned by institutional investors. Comparatively, 10.6% of NextNRG shares are owned by institutional investors. 8.7% of ReNew Energy Global shares are owned by insiders. Comparatively, 81.7% of NextNRG shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Valuation & Earnings

This table compares ReNew Energy Global and NextNRG”s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
ReNew Energy Global	$1.14 billion	2.43	$45.00 million	$0.31	24.53
NextNRG	$65.62 million	2.50	-$16.19 million	($2.02)	-0.60

ReNew Energy Global has higher revenue and earnings than NextNRG. NextNRG is trading at a lower price-to-earnings ratio than ReNew Energy Global, indicating that it is currently the more affordable of the two stocks.

Analyst Ratings

This is a summary of current recommendations and price targets for ReNew Energy Global and NextNRG, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
ReNew Energy Global	0	2	1	0	2.33
NextNRG	1	1	1	1	2.50

ReNew Energy Global presently has a consensus target price of $7.83, indicating a potential upside of 2.89%. NextNRG has a consensus target price of $5.50, indicating a potential upside of 350.82%. Given NextNRG’s stronger consensus rating and higher probable upside, analysts clearly believe NextNRG is more favorable than ReNew Energy Global.

Summary

ReNew Energy Global beats NextNRG on 9 of the 14 factors compared between the two stocks.

About ReNew Energy Global

ReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through two segments: Wind Power and Solar Power. It develops, builds, owns, and operates utility scale wind and solar energy, hydro energy, and utility-scale firm power projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers. The company provides engineering, procurement, and construction services; operation and maintenance services; consultancy services; and sells renewable energy certificates. ReNew Energy Global Plc was founded in 2011 and is based in London, the United Kingdom.

About NextNRG

NextNRG, Inc. engages in the provision of fuel delivery services. It provides app-based interface customers with the ability to select the time and location of their fueling. It offers diesel, red diesel, and REC-90. The company was founded by Yehuda Levy and Michael D. Farkas on March 28, 2019 and is headquartered in Miami, FL.