New Fortress EnergyNFE
Market Cap: $2.27B
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 Q2 SEC filings by fund managers ($100M+ AUM)
133% more repeat investments, than reductions
Existing positions increased: 100 | Existing positions reduced: 43
3.85% more ownership
Funds ownership: 59.48% [Q1] → 63.34% (+3.85%) [Q2]
0% less call options, than puts
Call options by funds: $103M | Put options by funds: $103M
8% less funds holding
Funds holding: 248 [Q1] → 228 (-20) [Q2]
14% less funds holding in top 10
Funds holding in top 10: 7 [Q1] → 6 (-1) [Q2]
23% less capital invested
Capital invested by funds: $3.73B [Q1] → $2.86B (-$874M) [Q2]
29% less first-time investments, than exits
New positions opened: 48 | Existing positions closed: 68
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Deutsche Bank Chris Robertson 67% 1-year accuracy 2 / 3 met price target | 90%upside $21 | Hold Maintained | 12 Aug 2024 |
Stifel Benjamin Nolan 37% 1-year accuracy 16 / 43 met price target | 54%upside $17 | Buy Maintained | 12 Aug 2024 |
Barclays Theresa Chen 41% 1-year accuracy 9 / 22 met price target | 72%upside $19 | Equal-Weight Maintained | 5 Aug 2024 |
Deutsche Bank Chris Robertson 67% 1-year accuracy 2 / 3 met price target | 135%upside $26 | Hold Maintained | 23 Jul 2024 |
Financial journalist opinion
Based on 18 articles about NFE published over the past 30 days