NextNRG (NASDAQ:NXXT) Upgraded at Zacks Research

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

A number of other equities analysts have also commented on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of NextNRG in a research report on Tuesday, April 21st. Wall Street Zen raised shares of NextNRG to a “sell” rating in a research report on Saturday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $5.50.

NextNRG Stock Up 9.3%

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

NextNRG (NASDAQ:NXXT) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. The firm had revenue of $21.06 million during the quarter. Research analysts predict that NextNRG will post -0.26 EPS for the current fiscal year.

Institutional Investors Weigh In On NextNRG

Several institutional investors and hedge funds have recently made changes to their positions in NXXT. Goldman Sachs Group Inc. acquired a new stake in shares of NextNRG in the 1st quarter valued at $96,000. Geode Capital Management LLC boosted its stake in shares of NextNRG by 2,274.3% in the 2nd quarter. Geode Capital Management LLC now owns 314,454 shares of the company’s stock valued at $871,000 after purchasing an additional 301,210 shares in the last quarter. Intech Investment Management LLC acquired a new position in NextNRG during the 2nd quarter worth about $29,000. JPMorgan Chase & Co. acquired a new position in NextNRG during the 2nd quarter worth about $33,000. Finally, New York State Common Retirement Fund acquired a new position in NextNRG during the 2nd quarter worth about $103,000. Institutional investors and hedge funds 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.