NextNRG initiated with a Buy at ThinkEquity

ThinkEquity analyst Ashok Kumar initiated coverage of NextNRG (NXXT) with a Buy rating and $6 price target NextNRG has repositioned itself from an on-demand fuel delivery operator into a platform business focused on distributed energy infrastructure, the analyst tells investors in a research note. The firm says that through a corporate reorganization, strategic acquisitions, and exclusive technology licenses, the company now operates across mobile fueling, artificial intelligence-driven smart microgrids, and wireless electric vehicle charging.