New Fortress Energy (NFE)

• Market cap: $3.05B
• 1 day: -7.30%
• 5 days: -6.37%
• 1 month: -28.49%
• 3 months: 17.46%
• 6 months: -14.41%
• Year to date: -31.47%
• 1 year: -65.52%
• 5 years: -31.39%
• 10 years: -14.54%
• Sector: Utilities
• Industry: Natural Gas Distribution

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 Q4 regulatory filings by fund managers ($100M+ AUM)

160% more funds holding in top 10

Funds holding in top 10: 5 [Q3] → 13 (+8) [Q4]

147% more capital invested

Capital invested by funds: $1.15B [Q3] → $2.84B (+$1.69B) [Q4]

129% more repeat investments, than reductions

Existing positions increased: 94 | Existing positions reduced: 41

40% more first-time investments, than exits

New positions opened: 77 | Existing positions closed: 55

13.22% more ownership

Funds ownership: 61.58% [Q3] → 74.8% (+13.22%) [Q4]

9% more funds holding

Funds holding: 214 [Q3] → 233 (+19) [Q4]

53% less call options, than puts

Call options by funds: $78.8M | Put options by funds: $166M

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $17 52% upside
• Avg. target: $17 52% upside
• High target: $17 52% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Stifel Benjamin Nolan 44% 1-year accuracy 19 / 43 met price target

52% upside $17

Buy Maintained

23 Dec 2024