HC Wainwright Has Lowered Expectations for NextNRG (NASDAQ:NXXT) Stock Price

NextNRG (NASDAQ:NXXT) had its price objective cut by research analysts at HC Wainwright to $1.50 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s target price suggests a potential upside of 365.69% from the company’s current price.

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

NextNRG Stock Performance

NASDAQ NXXT opened at $0.32 on Friday. The firm has a market capitalization of $54.15 million, a P/E ratio of -0.46 and a beta of 0.06. The stock has a 50-day simple moving average of $0.36 and a two-hundred day simple moving average of $0.50. NextNRG has a fifty-two week low of $0.20 and a fifty-two week high of $2.88.

NextNRG (NASDAQ:NXXT) last posted its earnings results on Thursday, August 13th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.02. The company had revenue of $27.75 million for the quarter. As a group, analysts forecast that NextNRG will post -0.26 earnings per share for the current year.

Hedge Funds Weigh In On NextNRG

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of 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 in the last quarter. State Street Corp lifted its position in shares of NextNRG by 289.1% during the 4th quarter. State Street Corp now owns 551,524 shares of the company’s stock valued at $800,000 after buying an additional 409,768 shares in the last quarter. Geode Capital Management LLC grew its stake in NextNRG by 57.2% in the 4th quarter. Geode Capital Management LLC now owns 868,998 shares of the company’s stock valued at $1,260,000 after acquiring an additional 316,250 shares during the period. Themes Management Co LLC acquired a new stake in NextNRG in the 1st quarter valued at $100,000. Finally, Jane Street Group LLC increased its holdings in NextNRG by 646.9% in the 4th quarter. Jane Street Group LLC now owns 249,276 shares of the company’s stock worth $361,000 after acquiring an additional 215,901 shares in the last quarter. Hedge funds and other institutional investors own 10.56% of the company’s stock.

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.