Amit Dayal, an analyst from H.C. Wainwright, maintained the Buy rating on NextNRG. The associated price target remains the same with $5.00.
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Amit Dayal has given his Buy rating due to a combination of factors, including stronger operating performance and improving unit economics. NextNRG delivered 1Q26 revenue that significantly exceeded his forecast, supported by higher route density, a more favorable fuel mix, and productivity gains, while gross margins more than doubled year over year, indicating better fleet utilization and operating efficiency.
He also highlights that adjusted EBITDA losses narrowed, interest expense declined materially as the capital structure is being streamlined, and the fuel delivery segment appears increasingly capable of funding its own cash needs. In his view, additional upside stems from the company’s expanding smart microgrid pipeline across sectors such as healthcare, manufacturing, and municipalities, which, combined with typical project financing structures, supports a constructive long‑term outlook and justifies maintaining the $5 price target and Buy rating.