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
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
52% more repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 56
2.88% less ownership
Funds ownership: 64.43% [Q2] → 61.56% (-2.88%) [Q3]
7% less funds holding
Funds holding: 229 [Q2] → 212 (-17) [Q3]
17% less funds holding in top 10
Funds holding in top 10: 6 [Q2] → 5 (-1) [Q3]
28% less first-time investments, than exits
New positions opened: 44 | Existing positions closed: 61
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
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$15
25%
upside
Avg. target
$15
25%
upside
High target
$15
25%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Morgan Stanley Devin McDermott 38% 1-year accuracy 8 / 21 met price target | 25%upside $15 | Equal-Weight Downgraded | 3 Oct 2024 |
Financial journalist opinion
Based on 10 articles about NFE published over the past 30 days
Neutral
Accesswire
2 days ago
Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against New Fortress Energy Inc. (NFE) And Encourages Investors to Reach Out
NEW YORK, NY / ACCESSWIRE / December 18, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of New Fortress Energy Inc. ("New Fortress" or "the Company") (NASDAQ:NFE). Investors who purchased New Fortress securities prior to December 2, 2022, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/NFE.
Neutral
Accesswire
5 days ago
Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against New Fortress Energy Inc. (NFE) And Encourages Stockholders to Reach Out
NEW YORK, NY / ACCESSWIRE / December 15, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of New Fortress Energy Inc. ("New Fortress" or "the Company") (NASDAQ:NFE). Investors who purchased New Fortress securities prior to December 2, 2022, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/NFE.
Neutral
Accesswire
1 week ago
NFE INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces an Investigation into New Fortress Energy Inc. and Encourages Investors to Contact the Firm
NEW YORK, NY / ACCESSWIRE / December 13, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of New Fortress Energy Inc. ("New Fortress" or "the Company") (NASDAQ:NFE). Investors who purchased New Fortress securities prior to December 2, 2022, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/NFE.
Neutral
Business Wire
1 week ago
New Fortress Energy Executes 10 Year Charter for Energos Eskimo
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) has executed a 10 year charter agreement for the Energos Eskimo, a 160,000 m3 floating storage and regasification unit, with the Egyptian Natural Gas Holding Company (“EGAS”). The Eskimo will be deployed to EGAS' LNG import terminal located at Ain Sokhna, Egypt and is expected to begin operations in the summer of 2025. About New Fortress Energy Inc. New Fortress Energy Inc. (NASDAQ: NFE) is a global energ.
Neutral
Business Wire
1 week ago
New Fortress Energy Financing Update
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) is pleased to announce the completion of the private exchange of $1.5 billion new senior secured notes for more than two-thirds of each of the Company's outstanding senior secured notes maturing in 2026 and 2029. This transaction is the second and final step of the Company's $2.7 billion issuance of new senior secured notes due 2029. The $2.7 billion of new senior secured notes will trade as a single clas.
Negative
Benzinga
1 week ago
Top 3 Energy Stocks That May Plunge This Quarter
As of Dec. 9, 2024, three stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
Positive
Barrons
2 weeks ago
Europe Is in a Gas Squeeze. 3 Stocks That Benefit.
Extremely cold winters can lead to demand spikes, and cause prices to rise.
Neutral
Seeking Alpha
2 weeks ago
LNG Shipping Stocks: An Uncertain Future Amid Spot Rate Pressures
The LNG shipping sector faces challenges with declining UPI TCE rates and pressured spot rates, exacerbated by rising gas prices and market uncertainties. Tankers are being diverted to Europe and potentially used for floating storage, which may stabilize or reverse spot rate declines. Key players like Tsakos Energy Navigation and Flex LNG experienced significant losses, while New Fortress Energy and Awilco LNG saw gains, indicating a mixed industry outlook.
Neutral
Business Wire
3 weeks ago
New Fortress Energy Financing Update
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) is pleased to announce the completion of the first step of the Company's $2.7 billion issuance of new senior secured notes due 2029 (the “Transaction”). The Transaction will be completed in two steps; the first step completed was the funding of $1.2 billion new senior secured notes. The second step will be an issuance and private exchange of $1.5 billion new senior secured notes expected to close during t.
Neutral
PRNewsWire
4 weeks ago
Pennybacker Closes Acquisition of Miami LNG Business, Appoints Daniel McLaughlin President and Chief Commercial Officer to Lead Miami LNG
AUSTIN, Texas , Nov. 21, 2024 /PRNewswire/ -- Pennybacker Capital Management, LLC (Pennybacker), a leading real assets investment manager, today announced it has completed the acquisition of the small-scale Florida-based liquefied natural gas production and distribution business (Miami LNG business) from New Fortress Energy Inc. (Nasdaq: NFE). The Miami LNG business is a strategically located small-scale liquefaction operation, equipped with one liquefaction train that produces up to approximately 8,300 MMBtu per day of LNG, optimized for truck and rail logistics to enable efficient and flexible distribution for its customers.
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