NextNRG (NASDAQ:NXXT) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of NextNRG (NASDAQ:NXXT) from a strong sell rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

Several other research analysts also recently weighed in on the company. Wall Street Zen upgraded NextNRG to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of NextNRG in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, NextNRG has a consensus rating of “Moderate Buy” and an average price target of $5.50.

NextNRG Price Performance

Shares of NASDAQ:NXXT opened at $0.43 on Tuesday. The business’s 50 day simple moving average is $0.48 and its 200-day simple moving average is $0.79. The firm has a market capitalization of $67.55 million, a price-to-earnings ratio of -0.61 and a beta of -0.04. NextNRG has a 12 month low of $0.28 and a 12 month high of $3.10.

NextNRG (NASDAQ:NXXT) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.01. The company had revenue of $21.06 million for the quarter. On average, equities analysts anticipate that NextNRG will post -0.26 earnings per share for the current year.

Institutional Trading of NextNRG

A number of institutional investors have recently added to or reduced their stakes in NXXT. Themes Management Co LLC acquired a new position in shares of NextNRG in the first quarter valued at approximately $100,000. Corient Private Wealth LLC acquired a new position in shares of NextNRG in the fourth quarter valued at approximately $44,000. XTX Topco Ltd acquired a new position in shares of NextNRG in the fourth quarter valued at approximately $27,000. Wellington Management Group LLP boosted its holdings in shares of NextNRG by 36.1% in the fourth quarter. Wellington Management Group LLP now owns 54,017 shares of the company’s stock valued at $78,000 after buying an additional 14,328 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of NextNRG by 337.1% in the fourth quarter. Millennium Management LLC now owns 157,243 shares of the company’s stock valued at $228,000 after buying an additional 121,269 shares during the period. 10.56% of the stock is owned by hedge funds and other institutional investors.

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.