Oppen Sean Matthew buys Nextnrg (NXXT) shares worth $59,700

Published 22/09/2025, 22:56
Oppen Sean Matthew buys Nextnrg (NXXT) shares worth $59,700

Director Sean Matthew Oppen of Nextnrg, Inc. (NASDAQ:NXXT) recently purchased shares of the company’s common stock in two separate transactions, totaling $59,700. The purchases come as the stock has declined over 50% in the past year, according to InvestingPro data.

On September 18, 2025, Oppen acquired 10,000 shares at a price of $1.82 per share. Following this, on September 22, 2025, he purchased an additional 25,000 shares at $1.66 per share. These purchases, executed on the open market, increased Oppen’s direct holdings to 263,976 shares. With analyst price targets ranging from $5 to $6 and significant expected revenue growth ahead, InvestingPro subscribers can access 12 additional key insights about NXXT’s financial health and valuation metrics in the comprehensive Pro Research Report.

In other recent news, NextNRG reported a 222% increase in revenue for August 2025, reaching $7.51 million, compared to the same month last year. The company also announced its year-to-date revenue through August at approximately $51.6 million, surpassing the full-year 2024 revenue of about $27 million. In a strategic move, NextNRG secured a long-term lease option on 1,600 acres in Nassau County, planning to develop a 200 MW smart microgrid on 1,200 acres and reserving 400 acres for potential data center development. Additionally, NextNRG entered into a Stock Purchase Agreement with CEO Michael D. Farkas, issuing 1 million shares in a debt-for-equity transaction valued at $1.67 million. Analyst firm H.C. Wainwright initiated coverage of NextNRG with a Buy rating and a price target of $5.00, noting the company’s diversified energy technology offerings. The company’s recent earnings call highlighted significant progress in revenue growth and operational efficiencies for Q2 2025. These developments reflect NextNRG’s ongoing expansion and strategic initiatives in the energy sector.

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