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NextNRG Enters Stock Purchase Agreement with CEO

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NextNRG Enters Stock Purchase Agreement with CEO

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The latest update is out from NextNRG ( (NXXT) ).

On September 18, 2025, NextNRG, Inc. entered into a Stock Purchase Agreement with its CEO and Executive Chairman, Michael D. Farkas. The agreement involved issuing 1,000,000 restricted shares of common stock to Farkas at $1.67 per share, which was paid by canceling $1,670,000 of the company’s debt owed to him. This private transaction did not require shareholder approval as the purchase price matched the closing bid price of the stock on the issuance date.

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.

Spark’s Take on NXXT Stock

According to Spark, TipRanks’ AI Analyst, NXXT is a Neutral.

NextNRG’s overall stock score is primarily impacted by its poor financial performance, characterized by persistent losses and high financial risk. Technical analysis provides some neutral signals, but the valuation remains unattractive due to negative earnings and no dividend yield. These factors collectively suggest a high-risk investment with limited upside potential.

To see Spark’s full report on NXXT stock, click here.

More about NextNRG

Average Trading Volume: 221,648

Technical Sentiment Signal: Sell

Current Market Cap: $212.2M

See more insights into NXXT stock on TipRanks’ Stock Analysis page.

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