New Fortress Energy
About: New Fortress Energy is an integrated gas-to-power company. Its business model spans the entire production and delivery chain from natural gas procurement and liquefaction to logistics, shipping, terminals, and conversion or development of a natural gas-fired generation. It has invested in floating, liquefied natural gas vessels to both lower the cost of acquiring gas while securing a long-term supply for its terminals. Its segments include terminals and infrastructure, or T&I, and ships.
Employees: 713
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
55% more repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 55
2.89% less ownership
Funds ownership: 64.43% [Q2] → 61.55% (-2.89%) [Q3]
8% less funds holding
Funds holding: 229 [Q2] → 211 (-18) [Q3]
17% less funds holding in top 10
Funds holding in top 10: 6 [Q2] → 5 (-1) [Q3]
29% less first-time investments, than exits
New positions opened: 44 | Existing positions closed: 62
60% less capital invested
Capital invested by funds: $2.91B [Q2] → $1.15B (-$1.75B) [Q3]
76% less call options, than puts
Call options by funds: $23.7M | Put options by funds: $101M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Morgan Stanley Devin McDermott 50% 1-year accuracy 12 / 24 met price target | 75%upside $15 | Equal-Weight Downgraded | 3 Oct 2024 |
BTIG Gregory Lewis 48% 1-year accuracy 13 / 27 met price target | 75%upside $15 | Buy Maintained | 13 Sept 2024 |
Financial journalist opinion
Based on 294 articles about NFE published over the past 30 days
