Navitas stock soars as company advances 800V tech for NVIDIA AI platforms
Director Edward Andrew Scoggins Jr. of NextDecade Corp (NASDAQ:NEXT) recently purchased 15,000 shares of common stock. The transactions, which occurred on September 18, 2025, involved a weighted-average price of $6.4557, resulting in a total value of $96,835. The purchase comes as the stock trades near $6.45, down approximately 29% over the past six months. According to InvestingPro analysis, the stock’s RSI indicates oversold territory, potentially signaling a tactical entry point.
The prices paid for these shares ranged from $6.41 to $6.48. Following the transaction, Scoggins directly owns 200,070 shares of NextDecade. The company currently faces significant challenges, with InvestingPro data showing rapid cash burn and a debt-to-equity ratio of 20.4. Get access to 10+ additional exclusive ProTips and comprehensive insider trading analysis with InvestingPro.
In other recent news, NextDecade Corporation announced a positive final investment decision on Train 4 at its Rio Grande LNG facility. The company has secured approximately $6.7 billion in financial transactions to fully fund this project, which includes a $3.85 billion term loan facility and $1.13 billion in equity commitments from NextDecade itself. Additional funding comes from investment partners like Global Infrastructure Partners and TotalEnergies. Despite this development, Morgan Stanley downgraded NextDecade’s stock from Overweight to Equalweight, citing a lower cash flow outlook. Meanwhile, Dynagas LNG Partners filed a Form 6-K with the Securities and Exchange Commission. This filing includes interim unaudited consolidated financial statements for the first half of 2025, signed by CFO Michael Gregos. The information is incorporated into its registration statement, which became effective last November.
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