NextNRG (NASDAQ:NXXT) Upgraded at Zacks Research

NextNRG (NASDAQ:NXXT) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NextNRG in a research note on Tuesday, April 21st. Wall Street Zen raised shares of NextNRG to a “sell” rating in a research note on Saturday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, NextNRG presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.50.

NextNRG Trading Up 9.3%

NextNRG stock opened at $0.43 on Tuesday. The company’s 50-day moving average price is $0.48 and its two-hundred day moving average price is $0.79. The stock has a market cap of $67.55 million, a price-to-earnings ratio of -0.61 and a beta of -0.04. NextNRG has a 52 week low of $0.28 and a 52 week high of $3.10.

NextNRG (NASDAQ:NXXT) last announced 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 business had revenue of $21.06 million during the quarter. Research analysts expect that NextNRG will post -0.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of NextNRG in the second quarter worth approximately $26,000. XTX Topco Ltd purchased a new position in shares of NextNRG in the fourth quarter worth approximately $27,000. Sovran Advisors LLC purchased a new position in shares of NextNRG in the fourth quarter worth approximately $29,000. Intech Investment Management LLC purchased a new position in shares of NextNRG in the second quarter worth approximately $29,000. Finally, HRT Financial LP purchased a new position in shares of NextNRG in the fourth quarter worth approximately $31,000. 10.56% of the stock is owned by hedge funds and other institutional investors.

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.