Forefront Wealth Partners LLC Invests $917,000 in NextNRG Inc. $NXXT

Forefront Wealth Partners LLC purchased a new stake in shares of NextNRG Inc. (NASDAQ:NXXT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 501,000 shares of the company’s stock, valued at approximately $917,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in NXXT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in NextNRG in the second quarter worth about $26,000. Intech Investment Management LLC purchased a new position in NextNRG during the 2nd quarter valued at about $29,000. JPMorgan Chase & Co. bought a new stake in shares of NextNRG in the 2nd quarter valued at about $33,000. Veracity Capital LLC purchased a new stake in shares of NextNRG in the 2nd quarter worth approximately $34,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of NextNRG during the first quarter valued at approximately $84,000. 10.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Zacks Research raised shares of NextNRG to a “hold” rating in a report on Wednesday, September 3rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NextNRG in a research report on Wednesday, October 8th. HC Wainwright started coverage on NextNRG in a report on Tuesday, September 2nd. They issued a “buy” rating and a $5.00 price target on the stock. Finally, Wall Street Zen raised NextNRG from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $5.50.

Insider Activity

In other news, CTO Avishai Vaknin sold 15,509 shares of the business’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $2.01, for a total transaction of $31,173.09. Following the sale, the chief technology officer owned 49,204 shares in the company, valued at approximately $98,900.04. The trade was a 23.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel Ronald Arbour sold 42,109 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $1.31, for a total transaction of $55,162.79. Following the transaction, the director owned 169,709 shares in the company, valued at approximately $222,318.79. This trade represents a 19.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 162,565 shares of company stock worth $238,937 over the last ninety days. 69.10% of the stock is currently owned by corporate insiders.

NextNRG Stock Down 1.4%

NASDAQ:NXXT opened at $1.42 on Wednesday. The stock has a market capitalization of $190.86 million, a price-to-earnings ratio of -0.70 and a beta of -0.53. NextNRG Inc. has a 52 week low of $0.93 and a 52 week high of $4.34. The firm has a 50 day moving average of $1.56 and a 200 day moving average of $1.83.

NextNRG (NASDAQ:NXXT) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.07). The business had revenue of $22.86 million for the quarter, compared to analyst estimates of $20.93 million.

NextNRG Profile

NextNRG Corp (NASDAQ: NXXT) is a technology-driven energy company specializing in the design, development and deployment of turnkey microgrid solutions and distributed energy systems. The company’s offerings include advanced energy storage systems, solar generation integration, and digital control platforms that allow commercial, industrial and utility customers to optimize energy reliability and reduce dependence on traditional grid infrastructure.

NextNRG’s services span the full project lifecycle, encompassing initial feasibility studies, engineering and procurement, construction management, and ongoing operations and maintenance.