Street Calls of the Week
MIAMI - NextNRG (NASDAQ:NXXT) has secured a long-term lease option on 1,600 acres in Nassau County near Jacksonville International Airport, the company announced Monday. The company, currently valued at $209.7 million, has seen its stock price decline over 51% in the past year, according to InvestingPro data.
The AI-driven energy innovation firm plans to develop a 200 MW smart microgrid on approximately 1,200 acres of the property, while reserving the remaining 400 acres for potential hyperscale data center development.
The site offers access to firm power from nearby pipelines and utility infrastructure, water supply for cooling systems, carrier-grade fiber connectivity with sub-1 millisecond latency, and scalable land. NextNRG also has potential access to approximately 6,000 additional acres in the area for future expansion.
"Nassau County has the land, the power, the water, and the connectivity," said Michael D. Farkas, Executive Chairman and CEO of NextNRG, in the press release.
The company stated the property is structured for phased development, allowing operators to begin with smaller 50 MW facilities and expand incrementally as demand grows. This approach enables developers to spread costs across multiple phases and accelerate time-to-market.
NextNRG’s offerings for the site include hybrid microgrid design, solar and battery integration, microgrid controller technology, and predictive analytics systems.
The announcement comes as demand for artificial intelligence and cloud computing infrastructure continues to grow, with suitable locations combining reliable power, water, and network access becoming increasingly sought after.
NextNRG, which trades on the Nasdaq under the ticker NXXT, integrates artificial intelligence and machine learning into utility infrastructure and energy management systems. The company currently operates one of the nation’s largest on-demand fueling fleets.
This article is based on a press release statement from NextNRG.
In other recent news, NextNRG, Inc. reported a remarkable 222% increase in revenue for August 2025, reaching $7.51 million, compared to the same month in the previous year. The company also surpassed its full-year 2024 revenue, achieving approximately $51.6 million in year-to-date revenue by the end of August. In a strategic move, NextNRG issued 1 million restricted shares to its CEO, Michael D. Farkas, in a debt-for-equity transaction valued at $1.67 million. This transaction helped cancel and discharge outstanding indebtedness owed by the company to Mr. Farkas. Furthermore, H.C. Wainwright initiated coverage on NextNRG with a Buy rating and set a price target of $5.00, noting the company’s diversified energy technology offerings. These developments follow NextNRG’s second-quarter 2025 earnings report, which highlighted significant revenue growth and operational efficiencies. The company’s delivery volume also saw a substantial increase, with 2.18 million gallons delivered in August, marking a 239% rise from the previous year.
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