NextNRG, the Utilities sector company, was revisited by a Wall Street analyst on April 17. Analyst Amit Dayal from H.C. Wainwright maintained a Buy rating on the stock and has a $5.00 price target.
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Amit Dayal has given his Buy rating due to a combination of factors, including the company’s strong top-line expansion and improving profitability metrics. NextNRG nearly tripled its revenue in 2025, and gross margin in the core fuel delivery segment strengthened as operating efficiencies such as optimized routing, tighter scheduling, and better fleet utilization took hold.
While reported GAAP losses remain sizable, Dayal notes that they are heavily influenced by non-cash stock-based charges, whereas adjusted EBITDA has almost doubled and is expected to improve as these items decline. He also highlights that the fuel delivery business appears capable of supporting ongoing cash needs, and recent convertible note and term loan financings, along with project-specific funding, should underpin growth in the smart microgrid and EV infrastructure initiatives that may begin contributing revenue as early as 2026.