NextNRG (NXXT) AI Stock Analysis

• Market Cap: $154.57M
• Dividend Yield: N/A
• Average Volume (3M): 2.05M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.38
• Revenue Growth: 146.01%
• EPS Growth: 63.18%
• Country: US
• Employees: 163
• Sector: Utilities
• Sector Strength: 65
• Industry: Renewable Utilities
• EPS (TTM): -0.12
• Shares Outstanding: 134,406,340
• 10 Day Avg. Volume: 1,799,408
• 30 Day Avg. Volume: 2,054,883
• PEG Ratio: 0.02
• Price to Book (P/B): <0.01
• Price to Sales (P/S): 0.40
• P/FCF Ratio: >-0.01
• Enterprise Value/Market Cap: 3.07
• Enterprise Value/Revenue: 11.11
• Enterprise Value/Gross Profit: 98.96
• Enterprise Value/Ebitda: -9.71
• 1Y Price Target: $5.00
• Price Target Upside: 224.68% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): -0.16
• Revenue Forecast (FY): $102.47M

• Rating: 46 Neutral
• Price Target: $1.50 ▼(-2.60% Downside)

The score is held down primarily by weak financial health (large losses, cash burn, negative equity and higher debt). Technicals also reflect a sustained downtrend. Offsetting factors include a constructive earnings-call trajectory—rapid revenue growth, improving margins, and long-term PPAs—but liquidity and profitability risks remain the dominant constraint.

Positive Factors

Revenue Growth

The significant year-over-year revenue growth indicates strong market demand and successful expansion efforts, enhancing long-term business prospects.

Long-term Power Purchase Agreements

These agreements provide stable, long-term revenue streams, reducing financial uncertainty and supporting sustainable growth.

Market and Fleet Expansion

Expanding market presence and fleet size enhances operational capacity and competitive positioning, fostering long-term growth.

Negative Factors

High Leverage

High leverage increases financial risk and limits flexibility, potentially hindering future investments and growth opportunities.

Negative Cash Flow

Negative cash flow reflects operational inefficiencies and reliance on external financing, posing risks to financial sustainability.

Persistent Operating Losses

Ongoing losses highlight operational challenges and may impede the company's ability to achieve profitability in the long term.

NextNRG Business Overview & Revenue Model

Company Description

NextNRG Inc. operates as a mobile fueling company primarily in Florida. It offers on-demand fueling services to consumer, fleet, marine, and other specialty markets. The company was incorporated in 2019 and is based in Miami, Florida.

How the Company Makes Money

NextNRG generates revenue through multiple streams, primarily from the sale and installation of renewable energy systems such as solar panels and wind turbines. Additionally, the company offers energy management software and services, which provide clients with tools to optimize energy usage and monitor performance. Revenue is also supplemented through long-term service contracts for maintenance and support of installed systems. Strategic partnerships with governmental bodies and private corporations enhance NextNRG's market reach and provide opportunities for joint ventures in renewable energy projects, which contribute significantly to its earnings.

NextNRG Financial Statement Overview

Summary

Despite sharp revenue scaling, profitability is severely negative (very weak gross margin and deeply negative EBIT/EBITDA with a large net loss). Cash flow is materially negative (operating and free cash flow burn), and the balance sheet is stressed with negative equity and rising debt, elevating solvency/financing risk.

Income Statement

Revenue has scaled sharply, with TTM (Trailing-Twelve-Months) revenue up ~32% versus the prior annual period and a multi-year step-up from 2020–2024. However, profitability remains very weak: TTM (Trailing-Twelve-Months) gross margin is modest (~11.6%) and operating performance is deeply negative (EBIT and EBITDA margins near -94% to -110%), culminating in a very large net loss (net margin ~-147%). The top-line trajectory is a clear positive, but losses are expanding alongside growth, which materially pressures the score.

Balance Sheet

The balance sheet has deteriorated, highlighted by negative stockholders’ equity in TTM (Trailing-Twelve-Months) (about -$16.3M), which reduces financial flexibility and raises solvency risk. Debt has increased meaningfully versus prior years (TTM debt ~$27.0M vs ~$8.2M in 2024), and leverage appears elevated; the debt-to-equity ratio is not economically meaningful when equity is negative, but it still signals a stressed capital structure. Total assets are relatively modest (~$19.6M TTM), limiting cushion against ongoing losses.

Cash Flow

Cash generation remains a key weakness: TTM (Trailing-Twelve-Months) operating cash flow is materially negative (~-$15.2M) and free cash flow is also negative (~-$20.5M), indicating the business is not yet self-funding. While free cash flow shows an improving growth rate in the latest TTM (Trailing-Twelve-Months) period, the company still burns cash and operating cash flow does not cover profitability shortfalls, keeping financing needs elevated.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	42.75M	27.77M	23.22M	15.04M	7.23M	3.59M
Gross Profit	4.80M	2.30M	1.37M	-173.51K	206.68K	42.17K
EBITDA	-48.92M	-6.86M	-7.39M	-15.63M	-7.73M	-6.48M
Net Income	-53.96M	-16.19M	-10.47M	-17.51M	-9.38M	-7.25M
Balance Sheet
Total Assets	19.65M	12.18T	5.72M	10.60M	22.92M	2.81M
Cash, Cash Equivalents and Short-Term Investments	653.87K	438.30B	226.99K	4.19M	16.92M	882.87K
Total Debt	37.58M	10.48T	6.71M	3.56M	476.31K	1.55M
Total Liabilities	2.32M	364.00B	7.62M	4.81M	1.12M	4.29M
Stockholders Equity	-17.27M	2.16T	-1.91M	5.79M	21.81M	-1.48M
Cash Flow
Free Cash Flow	-4.62T	-4.62T	-6.64M	-14.86M	-8.32M	-1.63M
Operating Cash Flow	-4.59T	-4.59T	-6.64M	-11.60M	-6.31M	-1.61M
Investing Cash Flow	-5.93T	-5.93T	2.17M	-2.43M	-5.39M	-24.07K
Financing Cash Flow	10.72T	10.72T	2.63M	2.53M	24.37M	2.48M

NextNRG Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.54
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NXXT, the sentiment is Negative. The current price of 1.54 is above the 20-day moving average (MA) of 1.35, above the 50-day MA of 1.43, and below the 200-day MA of 2.12, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 40.98 is Neutral, neither overbought nor oversold. The STOCH value of 20.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NXXT.

NextNRG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
RNW	61 Neutral	$1.97B	18.89	7.64%	―	42.09%	219.69%
NRGV	57 Neutral	$1.02B	-6.35	-111.44%	―	-35.99%	-46.51%
NXXT	46 Neutral	$154.57M	-0.46	―	―	146.01%	63.18%
WAVE	45 Neutral	$34.47M	-9.98	-54.43%	―	-40.99%	-46.52%
VGAS	43 Neutral	$91.33M	-6.43	-21.33%	―	―	23.66%
HTOO	39 Underperform	$8.76M	-0.35	-125.98%	―	―	―

NextNRG Corporate Events

NextNRG Shareholders Approve Reincorporation and Board Slate

At its annual meeting of stockholders held on December 29, 2025, NextNRG, Inc. saw shareholders elect five directors—Michael D. Farkas, Daniel Arbour, Bennett Kurtz, Jack Leibler, and Sean Oppen—to serve on the board until the next annual meeting, with each nominee receiving strong majority support. Stockholders also approved a change in the company’s state of incorporation from Delaware to Nevada and ratified the selection of M&K CPAs, PLLC as the independent registered public accounting firm for the fiscal year ending December 31, 2025, decisions that collectively solidify the company’s governance structure and may affect its corporate oversight and regulatory framework going forward.

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.

NextNRG Enters Stock Purchase Agreement with CEO

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.

NextNRG Secures Long-term Power Purchase Agreements

On November 17, 2025, NextNRG, Inc announced that its subsidiaries, NextNRG Sunnyside Microgrid LLC and NextNRG Topanga Microgrid LLC, entered into Power Purchase Agreements with Sunnyside and Topanga Nursing and Post-Acute Care Centers. These agreements involve the installation and operation of solar and battery energy systems at the facilities, with the centers agreeing to purchase the generated electricity. The contracts, which include terms for environmental incentives and early termination payments, are set for an initial term of 28 years, with potential extensions. The anticipated commercial operation dates for both projects are in late 2026, marking a significant step in NextNRG’s expansion in the renewable energy sector.

The most recent analyst rating on (NXXT) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on NextNRG stock, see the NXXT Stock Forecast page.

NextNRG Finalizes Securities Purchase Agreement

NextNRG, Inc. entered into a securities purchase agreement on September 8, 2025, with an accredited investor to sell senior secured convertible notes and warrants, which are convertible into common stock. The company conducted three closings, receiving gross proceeds of $2,500,000 each time, reflecting an 18% original issue discount on the notes. The issuance of shares related to these transactions was registered under the company’s shelf registration statement, with the third closing shares registered through a prospectus supplement.

The most recent analyst rating on (NXXT) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on NextNRG stock, see the NXXT Stock Forecast page.

NextNRG Registers Shares Issued in October 2025

NextNRG announced that its financial instruments, including Notes, Warrants, Due Diligence Notes, and Due Diligence Warrants, have not been registered under the Securities Act of 1933 but were offered under an exemption. However, shares of Common Stock issuable upon conversion of these instruments, issued at the Initial Closing or on October 3 and October 22, 2025, were registered pursuant to a Prospectus Supplement.

The most recent analyst rating on (NXXT) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on NextNRG stock, see the NXXT Stock Forecast page.