NextNRG (NXXT) AI Stock Analysis

• Market Cap: $88.60M
• Dividend Yield: N/A
• Average Volume (3M): 1.58M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.39
• 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: 1,340,907
• 30 Day Avg. Volume: 1,578,887
• PEG Ratio: 0.02
• Price to Book (P/B): <0.01
• Price to Sales (P/S): 0.40
• P/FCF Ratio: -1.13
• Enterprise Value/Market Cap: 1.30
• Enterprise Value/Revenue: 1.75
• Enterprise Value/Gross Profit: 23.94
• Enterprise Value/Ebitda: -2.35
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): -0.18
• Revenue Forecast (FY): $102.47M

• Rating: 47 Neutral
• Price Target: $1.00 ▼(-35.06% Downside)
• Action: Reiterated Date: 01/27/26
• Date: Action: Reiterated 01/27/26

The score is held down primarily by weak financial quality (large losses, cash burn, negative equity and rising debt) and bearish technicals (price below key moving averages with negative MACD). These are partly offset by positive operational momentum from the latest earnings call (rapid revenue growth and margin improvement with long-term PPAs) and modestly supportive recent financing events.

Positive Factors

Revenue Growth

Sustained, rapid top-line scaling demonstrates strong commercial traction in core offerings and market demand. Over months this growth can enable operating leverage, capacity investment and strengthen bargaining power with suppliers, underpinning longer-term viability if margins continue improving.

Long-term Power Purchase Agreements (PPAs)

Multi-decade PPAs create durable, contractually backed revenue streams that materially reduce top-line volatility and improve project bankability. These agreements support long-term cash flow visibility, facilitate non-dilutive financing and de-risk asset deployment for infrastructure expansion.

Fleet and Market Expansion with Project Pipeline

Growing fleet and geographic footprint increase operational density and unit economics, enabling route optimization and supplier discounts. A sizable project pipeline and strategic partnerships create optionality for scaled revenue and improved long-run margins as fixed costs are absorbed.

Negative Factors

Weak Balance Sheet / Negative Equity

Negative equity and materially higher debt signal a stressed capital structure that limits financial flexibility. Over months this constraint raises refinancing and covenant risk, increases funding costs, and narrows options for non-dilutive growth capital needed to support expansion.

Persistent Cash Burn

Material negative operating and free cash flow mean the business is not self-funding and requires ongoing external capital. This elevated burn constrains investment pacing, risks project delays or dilution, and makes execution dependent on continued access to financing over the coming months.

Very Large Operating Losses and Margin Pressure

Despite revenue gains, extreme negative profitability indicates weak margin conversion and structural cost issues. Without sustained gross margin expansion and expense discipline, losses will persist, undermining long-term sustainability and the firm's ability to fund growth internally.

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

Strong revenue scaling, but profitability is severely negative (deeply negative EBIT/EBITDA and net margin), cash burn remains high (negative operating and free cash flow), and the balance sheet is stressed with negative equity and higher debt—raising liquidity/solvency 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	Mar 2024	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	65.61M	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	-53.22M	-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	27.00M	10.48T	6.71M	3.56M	476.31K	1.55M
Total Liabilities	36.92M	364.00B	7.62M	4.81M	1.12M	4.29M
Stockholders Equity	-16.34M	2.16T	-1.91M	5.79M	21.81M	-1.48M
Cash Flow
Free Cash Flow	-20.70M	-9.84M	-6.64M	-14.86M	-8.32M	-1.63M
Operating Cash Flow	-17.48M	-4.59M	-6.64M	-11.60M	-6.31M	-1.61M
Investing Cash Flow	4.19M	-5.93M	2.17M	-2.43M	-5.39M	-24.07K
Financing Cash Flow	13.00M	10.72M	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 0.79, above the 50-day MA of 1.08, and below the 200-day MA of 1.79, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 34.83 is Neutral, neither overbought nor oversold. The STOCH value of 47.41 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%
NRGV	57 Neutral	$503.37M	-3.16	-111.44%	―	-35.99%	-46.51%
RNW	55 Neutral	$2.01B	13.58	11.20%	―	42.09%	219.69%
NXXT	47 Neutral	$88.60M	-0.27	―	―	146.01%	63.18%
WAVE	45 Neutral	$29.15M	-8.53	-54.43%	―	-40.99%	-46.52%
VGAS	43 Neutral	$67.27M	-4.30	-21.33%	―	―	23.66%
HTOO	39 Underperform	$7.88M	-0.24	-125.98%	―	―	―

NextNRG Corporate Events

NextNRG Raises New Equity Through Stock Purchase Agreement

On January 20, 2026, NextNRG, Inc. entered into a Stock Purchase Agreement with an investor under which it agreed to issue 462,962 shares of common stock for a total of $500,000, implying a price of $1.08 per share. The transaction, governed by customary representations, warranties and covenants, provides fresh equity capital to the company and modestly dilutes existing shareholders while strengthening NextNRG’s balance sheet and funding capacity for ongoing corporate needs.

The most recent analyst rating on (NXXT) stock is a Sell with a $1.00 price target. To see the full list of analyst forecasts on NextNRG stock, see the NXXT Stock Forecast page.

NextNRG Ends ATM Program to Pursue Strategic Investors

On January 23, 2026, Miami-based NextNRG, Inc. announced that it had terminated its At the Market Sales Agreement with ThinkEquity, H.C. Wainwright and Roth Capital Partners, effective January 17, 2026, ending a program that had originally allowed for up to $75 million of at-the-market share issuance, later reduced to $60 million. The company said it has no immediate plans to pursue another at-the-market equity offering and is instead prioritizing value-add strategic investors to support long-term growth, operational expansion and the build-out of its integrated energy solutions platform, a shift that underscores a move toward more targeted capital raising aligned with its goal of building durable enterprise value and advancing its commercial and infrastructure initiatives.

The most recent analyst rating on (NXXT) stock is a Sell with a $1.00 price target. To see the full list of analyst forecasts on NextNRG stock, see the NXXT Stock Forecast page.

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.