Nextdecade Corp (NEXT) Stock Forecast Nov. 6, 2026
Analysis updated on Nov. 6, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Nextdecade Corp (NEXT) stock forecast summary
Our AI scores Nextdecade Corp every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
Nextdecade Corp is a small-cap company with a market capitalization of $1.57B. It ranks number 6 by market capitalization among the 7 Natural Gas Transmission & Distribution issuers in our coverage with a current forecast.
For NEXT, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 11.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 21.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +3.1%, buy ≥ +1.5%, sell < -0.5%, strong sell < -1.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-11-06 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, NEXT included.
NEXT price chart and AI forecast
How NEXT ranks among 5150 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Nextdecade Corp (NEXT) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Natural Gas Transmission & Distribution peers listed below that report each metric.
Valuation & Market
| Metric | NEXT | Rank |
|---|---|---|
| Market Cap | $1.57B | 6/7 |
| P/B Ratio | 14.06x | 1/6 |
| EPS | $-0.21 | – |
| Book Value/Share | $0.42 | – |
| Revenue/Share | $0.00 | – |
| FCF/Share | $-19.99 | – |
Profitability & Margins
| Metric | NEXT | Rank |
|---|---|---|
| ROE | -30.5% | 6/6 |
| ROA | -0.2% | 6/7 |
| ROIC | -1.5% | 7/7 |
| Tax Rate | 0.0% | – |
Financial Health
| Metric | NEXT | Rank |
|---|---|---|
| Current Ratio | 0.36x | 6/7 |
| D/E Ratio | 125.68x | 1/6 |
| Financial Leverage | 159.25x | 1/6 |
| Interest Coverage | -1.2x | 6/6 |
| Working Capital | -$1.16B | 5/7 |
Cash Flow
| Metric | NEXT | Rank |
|---|---|---|
| Operating Cash Flow | -$37M | 7/7 |
| Free Cash Flow | -$5.37B | 6/6 |
| Capital Spending | -$5.34B | 6/6 |
Operational Efficiency
| Metric | NEXT | Rank |
|---|---|---|
| Asset Turnover | 0.00x | 6/6 |
| Fixed Assets Turnover | 0.0x | 5/5 |
Income Statement
| Metric | NEXT | Rank |
|---|---|---|
| Total Revenue | $0.00M | 6/6 |
| Operating Income | -$238M | 7/7 |
| Net Income | -$34M | 6/7 |
| R&D Expense | $11M | – |
Dividend & Shareholder Information
| Metric | NEXT | Rank |
|---|---|---|
| Shares Outstanding | 269M | – |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $643M | 4.5% of assets |
| Cash & Short-term Investments | $130M | 0.9% of assets |
| Total Liabilities | $14.06B | 99.2% of assets |
| Short-term Debt | $1.37B | 9.7% of assets |
NEXT quarterly financials and insider trading
Nextdecade Corp (NEXT) industry peers
Companies classified under the same SEC industry code as Nextdecade Corp (Natural Gas Transmission & Distribution): 7 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
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Nextdecade Corp (NEXT) stock news
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Nextdecade Corp (NEXT) stock forecast FAQ
What is the Nextdecade Corp (NEXT) stock forecast?
Our AI scores Nextdecade Corp every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
How accurate are Nextdecade Corp stock predictions?
For NEXT, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 11.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 21.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Nextdecade Corp forecasts updated?
Nextdecade Corp forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Nov. 6, 2026.
Which companies are Nextdecade Corp's industry peers?
7 issuers in our coverage, NEXT included, share the SEC industry code Natural Gas Transmission & Distribution. The largest are: Oneok Inc /New/ (OKE), Southwest Gas Holdings, Inc. (SWX), Brookfield Infrastructure Corp (BIPC), Chesapeake Utilities Corp (CPK), Centuri Holdings, Inc. (CTRI), Rgc Resources Inc (RGCO).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.