olivLaw · US equity research
NextNRG, Inc. NXXT
Retail-Auto Dealers & Gasoline Stations · SIC 5500 · Vertical: Retail-Auto Dealers & Gasoline Stations (SIC 5500)
NextNRG is a Miami company that combines AI and machine learning technologies for smart microgrids, battery storage, wireless electric vehicle charging and on-demand mobile fuel delivery. In the second quarter of 2026 revenue grew 41% year over year, but the company remains dependent on new financing, according to and.
At the close of 04 Nov 2026, NextNRG, Inc. (NXXT) stock was 2.54 USD (−4.15% on the day), with market capitalisation 427.3 m USD, beta 2.19, 52-week range 0.15–5.15 USD. Latest reported quarter (Q2 2026): revenue of 27.7 m USD (+40.9% YoY), net income of -6.6 m USD, diluted EPS -0.04 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 56.8
- strong (55–70)
- Bollinger (20, 2)
- -1.39 – 4.80
- in the upper half of the band · %B 0.64 · band width 362.8%
- SMA 50 / 200
- 1.06 / 0.68
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 0.59 / 0.52
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +279.7% | −1.1% | +280.8 pp | — |
| 3 months | +807.1% | −0.5% | +807.6 pp | — |
| 6 months | +625.7% | +4.4% | +621.3 pp | — |
| Year to date | +75.2% | +12.3% | +62.9 pp | — |
| 1 year | +33.0% | +13.5% | +19.4 pp | −5.6% |
| 3 years | −39.5% | +76.4% | −115.9 pp | +18.2% |
| 5 years | −95.7% | +63.7% | −159.3 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7.0 m | 6.8 m | 16.3 m | 19.7 m | 22.9 m | 23.0 m | 21.1 m | 27.7 m |
| Cost of revenue | 6.4 m | 6.6 m | 15.8 m | 18.1 m | 20.4 m | 20.6 m | 19.3 m | 25.8 m |
| Operating income | -3.0 m | -4.3 m | -5.8 m | -30.8 m | -9.0 m | -24.7 m | -10.1 m | -4.4 m |
| Depreciation & amortisation | 269.6 k | 372.5 k | 588.2 k | 555.8 k | 537.2 k | 480.3 k | 1.1 m | 335.4 k |
| Interest expense | 6.8 m | -1.3 m | 3.3 m | 4.3 m | 4.4 m | 5.2 m | 680.6 k | 2.7 m |
| Net income | -10.6 m | -2.6 m | -8.8 m | -36.1 m | -14.1 m | -26.6 m | -10.7 m | -6.6 m |
| Diluted EPS | -0.71 | — | -1.59 | -0.30 | -0.12 | -0.20 ≈ | -0.07 | -0.04 |
| Operating cash flow | 3.6 m ≈ | -1.6 m | -5.8 m | -564.5 k ≈ | -7.8 m ≈ | -392.6 k | -2.1 m | -2.4 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | 3.6 m | 7.2 m | 15.0 m | 23.2 m | 27.8 m | 81.8 m |
| Revenue YoY | unavailable | +101.7% | +108.0% | +54.3% | +19.6% | +194.7% |
| Net income | -7.3 m | -9.4 m | -17.5 m | -10.5 m | -21.4 m | -85.7 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS | unavailable | -0.46 | -5.30 | -6.98 | -5.97 | -0.72 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | -202.3% | -129.7% | -116.4% | -45.1% | -77.0% | -104.8% |
| Free cash flow | -1.6 m | -8.3 m | -14.9 m | unavailable | -10.2 m | unavailable |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- unavailable USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- -22.1 m USD
- Total assets
- 11.1 m USD
- Debt / equity
- unavailable
- Current ratio
- 0.11x
- ROE
- unavailable
- ROA
- -512.8%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 3.6 m | 7.2 m | 15.0 m | 23.2 m | 27.8 m | 81.8 m | SEC (XBRL)· 16 Apr 2026verified |
| Cost of revenue | 3.5 m | 7.0 m | 15.2 m | 21.8 m | 26.0 m | 74.9 m | SEC (XBRL)· 16 Apr 2026verified |
| Gross profit | 42.2 k ≈ | 206.7 k ≈ | -173.5 k ≈ | 1.4 m ≈ | 1.8 m ≈ | 6.9 m ≈ | SEC (XBRL)· 16 Apr 2026derived |
| Operating income | -6.9 m | -8.8 m | -17.5 m | -8.5 m | -11.7 m | -70.2 m | SEC (XBRL)· 16 Apr 2026verified |
| Depreciation & amortisation | 451.5 k | 872.8 k | 1.8 m | 1.1 m | 1.5 m | 2.4 m | SEC (XBRL)· 16 Apr 2026verified |
| EBITDA | -6.5 m ≈ | -7.9 m ≈ | -15.7 m ≈ | -7.4 m ≈ | -10.2 m ≈ | -67.8 m ≈ | SEC (XBRL)· 16 Apr 2026derived |
| Interest expense | 321.3 k | 775.9 k | 98.8 k | 1.7 m | 9.4 m | 17.3 m | SEC (XBRL)· 16 Apr 2026verified |
| Pre-tax income | -7.3 m | -9.4 m | -17.5 m | — | — | — | SEC (XBRL)· 20 Mar 2023verified |
| Income tax | 0 | 0 | — | — | — | — | SEC (XBRL)· 09 Mar 2022verified |
| Net income | -7.3 m | -9.4 m | -17.5 m | -10.5 m | -21.4 m | -85.7 m | SEC (XBRL)· 16 Apr 2026verified |
| Diluted EPS | — | -0.46 | -5.30 | -6.98 | -5.97 | -0.72 | SEC (XBRL)· 16 Apr 2026verified |
| Weighted average diluted shares | — | — | 3.3 m | 1.5 m | 3.6 m | 122.1 m | SEC (XBRL)· 16 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 882.9 k | 13.6 m | 2.1 m | 227.0 k | — | — | SEC (XBRL)· 01 Apr 2024verified |
| Receivables | 193.6 k | 100.2 k | 766.7 k | 1.2 m | 1.6 m | 2.0 m | SEC (XBRL)· 16 Apr 2026verified |
| Inventories | 41.1 k | 46.3 k | 151.2 k | 134.1 k | 126.4 k | 609.9 k | SEC (XBRL)· 16 Apr 2026verified |
| Current assets | 1.3 m | 17.3 m | 5.4 m | 1.8 m | 3.4 m | 3.2 m | SEC (XBRL)· 16 Apr 2026verified |
| Property, plant & equipment, net | 428.6 k | 2.3 m | 4.6 m | 3.3 m | 7.5 m | 6.8 m | SEC (XBRL)· 16 Apr 2026verified |
| Goodwill | 110.0 k | 110.0 k | — | — | — | — | SEC (XBRL)· 09 Mar 2022verified |
| Intangibles (excl. goodwill) | 990.6 k | 3.2 m | — | — | 5.1 m | — | SEC (XBRL)· 21 May 2025verified |
| Total assets | 2.8 m | 22.9 m | 10.6 m | 5.7 m | 22.4 m | 11.1 m | SEC (XBRL)· 16 Apr 2026verified |
| Accounts payable | 215.6 k | 491.6 k | 987.0 k | — | — | — | SEC (XBRL)· 20 Mar 2023verified |
| Long-term debt | — | 476.3 k | 2.0 m | 6.1 m | 9.2 m | — | SEC (XBRL)· 27 Mar 2025verified |
| Current liabilities | 3.7 m | 758.2 k | 3.3 m | 7.0 m | 34.7 m | 28.3 m | SEC (XBRL)· 16 Apr 2026verified |
| Total liabilities | 4.3 m | 1.1 m | 4.8 m | 7.6 m | 35.1 m | 33.2 m | SEC (XBRL)· 16 Apr 2026verified |
| Equity | -1.5 m † | 21.9 m † | 5.8 m † | -2.4 m | -12.7 m | -22.1 m | SEC (XBRL)· 16 Apr 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -1.6 m | -6.3 m | -11.6 m | -6.6 m | -6.3 m | -14.5 m | SEC (XBRL)· 16 Apr 2026verified |
| Capex | 24.1 k | 2.0 m | 3.3 m | — | 3.9 m | — | SEC (XBRL)· 16 Apr 2026verified |
| Free cash flow | -1.6 m ≈ | -8.3 m ≈ | -14.9 m ≈ | — | -10.2 m ≈ | — | SEC (XBRL)· 16 Apr 2026derived |
| Investing cash flow | -24.1 k | -5.4 m | -2.4 m | 2.2 m | -11.7 m | — | SEC (XBRL)· 16 Apr 2026verified |
| Financing cash flow | 2.5 m | 24.4 m | 2.5 m | 2.6 m | 18.5 m | 13.3 m | SEC (XBRL)· 16 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 4 of at least 6
- score weight coverage: 25.0% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 427.3 m USD
Key indicators
Coverage and freshness
Score by group
25% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · the input exists, but its latest figure is far older than the latest reported period: not used
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 4 of at least 6; score weight coverage: 25.0% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -61.3% | 12 (vs peers) | 25% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | 75.9% | 100 (on a fixed band) | 33% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -3.7x | 0 (on a fixed band) | 25% |
| Current ratio · Balance sheet | 0.2x | 0 (on a fixed band) | 17% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet0/100 · 2/3 factors with a value
- Growth· partial100/100 · 1/2 factors with a value
- Quality· partial12/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
NEXTNRG, INC. (NXXT). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 81.8 m USD in 2025; YoY growth 194.7%; net margin -61.3%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 4 of at least 6; score weight coverage: 25.0% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Revenue CAGR 3Y: 75.9%
What contradicts it
- Net margin: -61.3%
- Interest coverage: -3.7x
- Current ratio: 0.2x
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Retail-Auto Dealers & Gasoline Stations (SIC 5500) · same industry (4-digit SIC) · compared with 18 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| CPRTCopart, Inc. | 30.2 bn | 21.0 | 16.2% | 31.8% | +0.4% | −16% / −35% |
| CASYCasey’s General Stores, Inc. | 24.9 bn | 32.5 | 20.0% | 4.1% | +10.2% | +18% / +145% |
| PAGPenske Automotive Group, Inc. | 13.9 bn | 15.5 | 15.5% | 2.8% | −0.2% | +31% / +42% |
| MUSAMurphy USA Inc. | 9.1 bn | 14.1 | 99.0% | 2.9% | −4.2% | +30% / +36% |
| KMXCarmax, Inc. | 7.8 bn | 26.9 | 4.7% | 1.1% | −1.8% | +43% / −14% |
| LADLithia Motors, Inc. | 6.8 bn | 9.1 | 11.8% | 2.1% | +4.0% | −1% / +18% |
| ANAutonation, Inc. | 5.9 bn | 8.8 | 30.2% | 2.6% | +3.2% | −13% / +36% |
| OPLNOPENLANE, Inc. | 4.5 bn | 22.8 | 13.1% | 9.2% | +8.2% | +44% / +151% |
| ABGAsbury Automotive Group, Inc. | 3.8 bn | 8.3 | 11.8% | 2.7% | +4.7% | −10% / −0% |
| GPIGroup 1 Automotive, Inc | 3.3 bn | 8.6 | 12.4% | 1.7% | +13.2% | −32% / −3% |
| NXXTNextnrg, Inc. | 427.3 m | — | — | -61.3% | +194.7% | +33% / −40% |
| VRMVroom, Inc. | 36.5 m | — | -45.0% | — | −54.2% | −66% / unavailable |
| KXINKaixin Holdings | 12.2 m | — | -307.2% | -41,788.4% | unavailable | −96% / −100% |
| CRMTAmerica’s Car-Mart, Inc. | 10.5 m | — | -43.0% | -18.6% | −7.9% | −94% / −98% |
| JZXNJiuzi Holdings Inc. | 1.4 m | — | -90.7% | -353.5% | +105.9% | −86% / −100% |
| RUSHARush Enterprises, Inc. | — | 14.0 | 11.8% | 3.7% | −4.7% | +33% / +75% |
| CVNACarvana Co. | 0 | 0.0 | 51.5% | 6.2% | +48.6% | +4% / +1,138% |
| CWHCamping World Holdings, Inc. | 0 | — | -33.2% | -1.6% | +4.4% | −52% / −74% |
| SAHSonic Automotive, Inc. | — | 10.3 | 19.4% | 1.3% | +6.5% | +2% / +25% |
1- and 3-year price returns: for NXXT from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
NextNRG is a Miami company that combines AI and machine learning technologies for smart microgrids, battery storage, wireless electric vehicle charging and on-demand mobile fuel delivery. In the second quarter of 2026 revenue grew 41% year over year, but the company remains dependent on new financing, according to 1 and 3.
SWOT
Strengths
- The company shows strong revenue growth from mobile fueling and a fleet that is expanding nationally 3.
- The exclusively licensed patent portfolio and claims about use of the technology by a large utility provide a differentiated technology base 1.
- A sharp fall in stock-based compensation and interest costs suggests improved cost discipline 3.
Weaknesses
- The company does not generate enough revenue to sustain its operations, and current liabilities exceed current assets 1.
- The auditor has included a going concern paragraph, which raises questions about long-term viability 1.
- The company relies on costly financing, including a future receivables sale agreement and a secured convertible note 2.
Opportunities
- If fleet electrification by customers advances, the company could sell fuel, microgrids and EV charging to the same client 3.
- Microgrid projects with power purchase agreements in California could become recurring revenue if they move into the next development steps 3.
- Licensing the AI technology to utilities and energy producers could generate revenue with less hardware capital spending 2.
Threats
- Removal of federal incentives for EVs and charging infrastructure could reduce demand for the company’s products 1.
- Trade tariffs and geopolitical tensions could raise component costs and delay energy projects 1.
- A cyberattack on microgrids or charging infrastructure could cause physical damage and legal liability 1.
Risks
- Liquidity and going concernhigh
The sources indicate that financial resources could be insufficient after April 2026, which could force dilution or a reduction of operations 1.
- Costly financinghigh
The future receivables sale and the secured convertible note could generate high costs and pressure on existing shareholders 2.
- Fuel price volatilitymedium
Gross margin depends on wholesale price moves, and sudden changes could quickly reduce delivery profitability 1.
- Environmental and energy policymedium
Regulatory changes on emissions and energy could alter the market for the company’s products in either direction 1.
- Cybersecuritymedium
Connected microgrid and charging systems could be vulnerable to attacks, affecting customers and reputation 1.
Investment thesis
What would need to be true (bull case)
- If growth in mobile fueling revenue continues and operating costs stay under control, the company could reduce its reliance on outside financing.
- If the California microgrid projects move into execution, recurring long-term revenue from power purchase agreements could emerge.
- If utilities adopt the AI technology, the company could earn licensing and SaaS revenue with lower capital spending.
What would break the thesis
- If additional financing cannot be obtained on acceptable terms, the company could be forced to cut operations or face severe dilution.
- If incentives for electric vehicles remain removed, demand for charging and microgrids could stay weak for a long period.
- If fuel prices or tariffs keep rising, margins could be eroded and customers could cut back consumption.
What to watch
- Liquidity trend and new financingQ3 2026
- Progress of California microgrid projects under power purchase agreements2027
- Gross margin on fuel deliveries amid price volatilityQ1 2027
- Development status of the HOPES controller and wireless chargingnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
NextNRG describes its activity as Powering What’s Next, by integrating artificial intelligence and machine learning into renewable energy, next-generation energy infrastructure, battery storage, wireless EV charging and mobile fuel delivery 1. The core of the strategy is a utility operating system that uses AI to make energy management more efficient, together with smart microgrids pairing solar panels and storage 1. Operationally, the company currently focuses on its fleet of mobile fueling trucks and its national expansion 2.
Second-quarter 2026 revenue was 27.7 million USD, up 41% from the same period last year, growth driven by expansion of mobile fueling operations and fuel volumes delivered 3. Net loss fell 82% year over year and adjusted EBITDA loss narrowed 62%, mainly because of a one-time stock-based compensation charge in the prior year 3. The company also closed a 6.4 million USD private placement, although the sources warn that liquidity remains under pressure 13.
Most revenue currently comes from mobile fuel deliveries, while microgrids, EV charging and wireless technology are still in development or early deployment 2. The company plans to earn revenue from power purchase agreements, SaaS agreements and hardware licensing, but these sources are not yet significant in the reported figures 2.
Segments
Mobile fuel delivery
This is the largest revenue source, with on-demand deliveries to consumers, commercial fleets and specialty vehicles at homes, workplaces and job sites 2. The 41% revenue growth in the second quarter of 2026 comes mainly from this line 3.
Smart microgrids and storage
Microgrids with AI control, solar panels and batteries are aimed at commercial customers, schools, hospitals and public bodies, with expected revenue from power purchase agreements 12. The company says these microgrids can lower energy costs, though this line is still in the project pipeline stage 3.
Market context
Source 1 estimates that the US spends 400 billion USD a year on electricity, of which 200 billion USD goes to commercial and industrial properties. Meeting 2030 sustainability goals would require an additional 98 billion USD of investment, which the company argues creates a market for microgrids and solar 1. The EV charging and solar markets are growing steadily, but recent federal policy changes may reduce equipment demand 1.
The home and fleet fuel delivery market is competitive, and selling prices depend on wholesale fuel costs, which can fluctuate significantly 1. The microgrid and renewable energy market is still expanding, but projects can be delayed by tariffs and supply chain disruption 1.
Trends
- Repeal of federal EV incentivesheadwind
Repeal of tax credits for clean vehicles and charging infrastructure could reduce demand for EV charging and microgrids, especially if no replacement programmes emerge 1.
- Trade tariffs and geopolitical riskheadwind
High tariffs on steel, aluminium and electronic components could raise hardware costs and slow renewable energy projects, affecting both microgrids and wireless charging 1.
- Rising demand for clean and efficient energytailwind
The push to electrify fleets and cut energy costs could open opportunities for microgrids and for fuel deliveries to customers moving to electric vehicles 12.
- Fuel price volatilitymixed
High fuel prices can reduce customer demand, while low prices can make deliveries less competitive, so gross margin depends on wholesale market moves 1.
Competitive position
In fuel delivery, NextNRG competes with other mobile fueling providers and with traditional filling stations, and in renewable energy with microgrid makers and utility software companies 1. The sources do not identify competitors with US-listed tickers, so the competitive picture remains only partly covered 2.
The company’s stated advantage lies in patents licensed exclusively from a university and in AI algorithms already used by a large utility, but these claims are not independently verified in the sources reviewed 1. Competition in EV charging is intense, and NextNRG’s market share is not quantified 1.
- Mobile fuel delivery providers
Direct competitors in home and fleet fuel delivery, implicitly referenced in the description of the business model 2.
- Microgrid and energy storage makers
Companies offering microgrid and battery solutions to commercial and public customers, described only in general terms in the sources 1.
- EV charging operators
Charging companies that sell cable stations or develop wireless charging, an already contested segment 1.
- Utility energy management software companies
Providers of energy management systems that could compete with the company’s utility operating system 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report30 Oct 2026Amendments to articles or bylaws · Other events · Financial statements and exhibits
- Current report27 Oct 2026Delisting notice · Financial statements and exhibits
- Current report08 Oct 2026Material agreement · Item 3.03 · Amendments to articles or bylaws · Financial statements and exhibits
- Current report (amendment)07 Oct 2026Financial statements and exhibits
- Current report06 Oct 2026Material agreement · Item 3.03 · Other events · Financial statements and exhibits
- Current report18 Sept 2026Delisting notice · Financial statements and exhibits
- Current report14 Sept 2026Item 3.03 · Amendments to articles or bylaws · Other events · Financial statements and exhibits
- Current report17 Aug 2026Material agreement · Item 3.02 · Amendments to articles or bylaws · Financial statements and exhibits
- Current report13 Aug 2026Results of operations · Financial statements and exhibits
- Quarterly report13 Aug 2026
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / NextNRG, Inc. · 16 Apr 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / NextNRG, Inc. · 13 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / NextNRG, Inc. · 13 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.