NextNRG, Inc. NXXT

Competitive advantage analysis · utilities

Regulated Utilities
Overall moat score
25/100
Developing

About NextNRG, Inc.

NextNRG, Inc. engages in mobile fueling operations in the United States. The company offers on-demand and subscription-based fuel delivery services to individual consumers, fleets, marine, and other specialty markets. It is also involved in developing and deploying wireless electric vehicle charging technology with battery storage and solar energy solutions. In addition, the company offers smart grid products. NextNRG, Inc. was … Full NXXT analysis →

Competitive advantage assessment

Key strengths

  • Improving Operational Efficiency Efficiency trend is positive (score 0.80), suggesting ongoing operational improvement.

Key risks

  • Below-Allowed ROE Return on equity is weak vs peers (score 0.05), implying the company may not be earning its allowed return.
  • Margin Pressure from Rate Cases Regulated margin level is weak (score 0.20), which may signal regulatory headwinds.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Regulatory Franchise

Developing
29

Where NXXT ranks in Utilities - Renewable

NextNRG, Inc. ranks #18 of 24 scored companies in Utilities - Renewable by moat score — the top 75%. The widest moat in the group is Ormat Technologies, Inc. (ORA) at 81/100.

Moat scores for companies ranked near NXXT in Utilities - Renewable
# Company Moat score Rating
14 Verde Clean Fuels, Inc. VGAS 41/100 Developing
15 Smart Powerr Corp. CREG 34/100 Developing
16 Fusion Fuel Green PLC HTOO 32/100 Developing
17 Fusion Fuel Green PLC HTOOW 30/100 Developing
18 NextNRG, Inc. NXXT 25/100 Developing
19 Energy Vault Holdings, Inc. NRGV 22/100 Weak
20 Eco Wave Power Global AB (publ) WAVE 18/100 Weak
21 Brenmiller Energy Ltd BNRG 15/100 Weak
22 Altus Power, Inc. AMPS 0/100 Weak

See every Regulated Utilities company ranked by moat score →

How NXXT scores on the Regulated Utilities defenses

Regulatory Franchise

Score 29 · 25% of the moat score

The franchise is the moat, granted rather than earned: an exclusive right to serve a territory in exchange for regulated prices and an obligation to supply.

Rate-Base Return Quality

Score 2 · 20% of the moat score

A utility earns an allowed return on the capital invested in its network, the rate base.

Dividend Sustainability

Score 28 · 18% of the moat score

Utilities are owned largely for income, and the dividend is only as safe as the operating cash flow behind it.

Capital Structure Discipline

Score 38 · 17% of the moat score

Regulated utilities carry more debt than almost any other sector, which suits how predictable their revenue is but makes credit quality a core competitive asset.

Operational Efficiency

Score 50 · 12% of the moat score

Efficiency is unusually consequential under regulation.

Essential Service Resilience

Score 15 · 8% of the moat score

Electricity, gas and water are bought in a recession at close to the volume bought in an expansion, which is why utility revenue barely tracks the economic cycle.

How each Regulated Utilities defense is measured, in full →

Understanding NXXT's moat

What is NextNRG, Inc.'s moat score?

NextNRG, Inc. (NXXT) scores 25 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #18 of 24 scored companies in Utilities - Renewable, the top 75%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 24 companies in Utilities - Renewable. Its strongest defense is Operational Efficiency (50/100) and its weakest is Rate-Base Return Quality (2/100).

How does NextNRG, Inc. compare with other Utilities - Renewable companies?

NextNRG, Inc. ranks #18 of 24 scored companies in Utilities - Renewable by moat score. The widest moat in Utilities - Renewable is Ormat Technologies, Inc. (ORA) at 80/100. The companies ranked closest are Fusion Fuel Green PLC (HTOOW) at 30 just above it and Energy Vault Holdings, Inc. (NRGV) at 22 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Regulated Utilities in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 24 companies in Utilities - Renewable. The defenses are then weighted to produce the overall score out of 100.

Why is NextNRG, Inc. scored with the Regulated Utilities template?

A regulated utility is a legal monopoly whose prices are set by a regulator rather than by a market. It cannot raise prices at will and it cannot be undercut, so most of the usual questions about competitive advantage barely apply. What matters is the quality of the regulatory bargain: whether the company earns the return it is allowed, funds its capital programme cheaply, and sustains the dividend investors own it for.

Which competitive defenses are measured for NextNRG, Inc.?

The Regulated Utilities template measures 6 defenses, and NXXT scores: Regulatory Franchise (29), Rate-Base Return Quality (2), Dividend Sustainability (28), Capital Structure Discipline (38), Operational Efficiency (50), Essential Service Resilience (15). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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