NEW YORK, May 19, 2026, 16:04 EDT
NextNRG, Inc. shares more than doubled Tuesday, ending the day at $0.8288. The stock then moved higher in after-hours, reaching around $0.91 after Nasdaq’s 4 p.m. Eastern close.
Shares moved after the Miami Beach-based energy company reported April revenue jumped 56% year-on-year to $9.4 million, setting a new monthly high. Founder and CEO Michael D. Farkas called April the “strongest revenue month” yet, noting gross profit climbed faster than sales. Traders picked up on that detail in a stock that had been trading under $1. GlobeNewswire
That’s in focus now since the stock’s move isn’t just about revenue. Investors wanted to see if NextNRG can grow its mobile fueling business and boost gross margin — what’s left from sales after direct costs. The company reported April gross margin at 8.3%, up from 7.9% a year ago and near the 8.1% mark it put up for the first quarter.
Company execs stuck with their current message on Monday’s earnings call. CEO Farkas said the focus is “no longer growth at any cost.” CFO Joel Kleiner pointed to better margins, saying these improvements are coming from route optimization, more efficient fleet use, and denser customer coverage in established markets. StockAnalysis
Q1 numbers were mixed. Revenue climbed 29% to $21.1 million and gross profit jumped to $1.7 million from last year, but net loss came in at $10.8 million. Adjusted EBITDA loss narrowed, with the metric at minus $1.2 million versus a $3.4 million loss in the same quarter last year. The figure excludes interest, tax, depreciation, amortization and some other costs.
NextNRG traded more than 344 million shares on heavy volume, market data showed, putting its market cap at around $135 million at the quoted price. After jumping Tuesday, the stock was still well under its 52-week high of $3.31.
The move also came as the rest of the market was mixed. QQQ, the Invesco Nasdaq-100 ETF and a common gauge for large growth names, dipped around 0.6%. The Energy Select Sector SPDR ETF added about 1.5%.
ChargePoint lost roughly 3.5% and Blink Charging declined 6.9% in trading. Shares of OPAL Fuels, the clean-fuels player, gained 3.5%.
NextNRG calls itself an energy platform player, not just a fuel-delivery business. Investor documents lay out plans for on-site mobile refueling, wireless EV charging, and smart microgrids — local power networks — plus its Next UOS software.
But the risks here are real. April’s results are still preliminary and unaudited, meaning the final numbers could shift. As of March 31, the company had just $208,048 in cash and said it is looking at financing and strategic options for working capital and growth.
Recent loan disclosures signal more caution. NextNRG reported in a filing that it got a $1 million loan from Venture Debt, LLC, netting $930,000 after paying an origination fee. The company now owes $1.45 million back over 24 weekly payments, with an APR near 203.17%. CEO Farkas backed the debt with his personal guarantee, and both company and Farkas’s assets stand as collateral, according to the filing.
It’s still about delivering proof. The company has put up stronger month-on-month revenue and a higher gross margin. The key question is whether those gains can reach steady cash generation before financing needs, dilution worries or setbacks in microgrid and EV charging projects start to outweigh the growth pitch.
