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

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

Analyst Ratings

This is a summary of recent recommendations for NextNRG and ReNew Energy Global, as reported by MarketBeat.

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

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

Institutional & Insider Ownership

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

Profitability

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

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

Valuation & Earnings

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

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

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.

Volatility and Risk

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

Summary

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

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.

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.