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NextNRG Enters Stock Purchase Agreement with CEO

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NextNRG Enters Stock Purchase Agreement with CEO

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NextNRG ( (NXXT) ) has issued an update.

On November 24, 2025, NextNRG, Inc. entered into a Stock Purchase Agreement with its CEO, Michael D. Farkas, issuing 1,000,000 restricted shares at $1.04 per share. This transaction was in exchange for settling $1,040,000 of indebtedness owed to Mr. Farkas from interest accrued on promissory notes issued between June 2023 and February 2025, although the principal remains outstanding.

The most recent analyst rating on (NXXT) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on NextNRG stock, see the NXXT Stock Forecast page.

Spark’s Take on NXXT Stock

According to Spark, TipRanks’ AI Analyst, NXXT is a Neutral.

NextNRG’s overall stock score is primarily impacted by its poor financial performance, characterized by persistent losses, high leverage, and negative cash flow. While the earnings call provided some positive insights with significant revenue growth and strategic advancements, these are overshadowed by the company’s financial instability. Technical indicators also suggest bearish momentum, and the valuation metrics are unattractive due to negative earnings and no dividend yield.

To see Spark’s full report on NXXT stock, click here.

More about NextNRG

Average Trading Volume: 1,773,847

Technical Sentiment Signal: Sell

Current Market Cap: $147.8M

See more insights into NXXT stock on TipRanks’ Stock Analysis page.

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