NextNRG (NASDAQ:NXXT) Price Target Lowered to $1.50 at HC Wainwright

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

Other equities research analysts also recently issued reports about the stock. Weiss Ratings restated a “sell (e+)” rating on shares of NextNRG in a research note on Tuesday, April 21st. Wall Street Zen raised NextNRG to a “sell” rating in a research report on Saturday, May 23rd. Finally, Zacks Research upgraded NextNRG from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, NextNRG currently has an average rating of “Hold” and an average target price of $1.50.

NextNRG Stock Performance

Shares of NextNRG stock opened at $0.32 on Friday. The company has a market capitalization of $54.15 million, a PE ratio of -0.46 and a beta of 0.06. The company has a 50-day simple moving average of $0.36 and a two-hundred day simple moving average of $0.50. NextNRG has a one year low of $0.20 and a one year high of $2.88.

NextNRG (NASDAQ:NXXT) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The firm had revenue of $27.75 million during the quarter. On average, equities analysts predict that NextNRG will post -0.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NextNRG

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Corient Private Wealth LLC purchased a new stake in shares of NextNRG during the fourth quarter valued at $63,000. Wells Fargo & Company MN grew its stake in NextNRG by 193.7% during the 4th quarter. Wells Fargo & Company MN now owns 40,925 shares of the company’s stock valued at $59,000 after purchasing an additional 26,991 shares during the last quarter. HRT Financial LP acquired a new position in shares of NextNRG in the fourth quarter valued at about $31,000. Deutsche Bank AG increased its holdings in shares of NextNRG by 240.1% in the fourth quarter. Deutsche Bank AG now owns 45,813 shares of the company’s stock valued at $66,000 after purchasing an additional 32,343 shares during the period. Finally, Millennium Management LLC purchased a new position in shares of NextNRG in the third quarter worth about $66,000. 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.