NextDecade (NASDAQ:NEXT) Trading Down 9.3% – Here’s What Happened

Posted by Stanley Muller on Jun 26th, 2026

NextDecade Corporation (NASDAQ:NEXT – Get Free Report) shares dropped 9.3% during mid-day trading on Wednesday . The company traded as low as $7.10 and last traded at $7.0050. 1,336,815 shares traded hands during trading, a decline of 65% from the average session volume of 3,850,120 shares. The stock had previously closed at $7.72.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Citigroup assumed coverage on NextDecade in a report on Wednesday, May 13th. They issued a “buy” rating and a $11.00 price target for the company. Weiss Ratings raised NextDecade from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, April 27th. TD Cowen dropped their target price on shares of NextDecade from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Thursday, March 5th. Finally, Morgan Stanley increased their price target on NextDecade from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $8.00.

Check Out Our Latest Report on NextDecade

NextDecade Stock Up 0.7%

The stock has a market cap of $1.99 billion, a P/E ratio of -5.60 and a beta of 1.60. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 3.96. The stock’s 50-day moving average is $7.95 and its 200-day moving average is $6.60.

NextDecade (NASDAQ:NEXT – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($0.51) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.66) by $0.15. As a group, research analysts anticipate that NextDecade Corporation will post -2.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NextDecade

Several hedge funds have recently made changes to their positions in NEXT. Alliancebernstein L.P. grew its holdings in shares of NextDecade by 1.5% in the 3rd quarter. Alliancebernstein L.P. now owns 122,020 shares of the company’s stock worth $829,000 after acquiring an additional 1,800 shares during the last quarter. Comerica Bank boosted its holdings in shares of NextDecade by 88.0% during the first quarter. Comerica Bank now owns 4,060 shares of the company’s stock worth $32,000 after purchasing an additional 1,900 shares during the period. Inscription Capital LLC boosted its stake in shares of NextDecade by 16.0% during the 4th quarter. Inscription Capital LLC now owns 15,739 shares of the company’s stock valued at $83,000 after buying an additional 2,172 shares during the period. Fort Washington Investment Advisors Inc. OH grew its stake in NextDecade by 0.3% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 644,417 shares of the company’s stock valued at $4,936,000 after purchasing an additional 2,235 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of NextDecade by 302.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,205 shares of the company’s stock valued at $32,000 after buying an additional 3,161 shares in the last quarter. Institutional investors and hedge funds own 66.74% of the company’s stock.

About NextDecade

(Get Free Report)

NextDecade Corporation is a Houston‐based liquefied natural gas (LNG) and decarbonization company focused on the development, engineering, construction and operation of large‐scale LNG export facilities. The company’s core mission is to deliver cleaner energy solutions to global customers while integrating carbon capture and sequestration technologies to reduce greenhouse gas emissions. NextDecade’s projects are designed to leverage abundant U.S. natural gas supplies to meet growing worldwide demand for low‐carbon fuel.

NextDecade’s flagship project, Rio Grande LNG, is located at the Port of Brownsville in southern Texas.