Micro-cap energy tech NextNRG rebounds 811% after 93% plunge; faces Nasdaq delisting

Shares of NextNRG, a tiny company that provides mobile vehicle fueling and supplies AI-powered systems for generating and managing electricity, soared 811% on Wednesday. The company announced that a Nasdaq panel had decided to delist it from the index. The exchange suspended trading on Thursday. NextNRG plans to challenge the decision.

NextNRG shares jumped 811.5% to $1.70 apiece on the Nasdaq on Wednesday. That same day, the company announced that the exchange would suspend trading in the stock at Thursday’s open following the delisting decision.

NextNRG had fallen short of two Nasdaq listing requirements, a minimum bid price of $1 per share and a minimum market value of listed securities of $35 million. Even after Wednesday’s rally, the company’s market value stood at just $2.87 million.

The micro cap said it had asked the panel to reconsider and planned to appeal to the Nasdaq Listing and Hearing Review Council. In the meantime, the management expects the shares to be traded over the counter under the same ticker symbol, NXXT.

NextNRG took its current form in February 2025, when publicly traded EzFill Holdings combined with privately held NextNRG. EzFill was a struggling provider of mobile fueling for cars and boats, while NextNRG specialized in clean energy and energy technology. The stock has lost 99.46% of its value since then.

EzFill acquired NextNRG by giving NextNRG shareholders shares in EzFill. Alongside the deal, EzFill announced a $15 million stock offering to repay debt, bolster working capital, and expand the business.

The deal added energy infrastructure and AI technology to EzFill’s core fueling business. NextNRG designs and maintains standalone microgrids, develops energy management software, and supplies electric vehicle charging systems. Second-quarter revenue rose 41% year over year to $27.7 million, while the net loss narrowed by almost 82% to $6.6 million.