Added to YB: 2024-07-15
Pitch date: 2024-07-13
NFE [bullish]
New Fortress Energy Inc.
-93.71%
current return
Author Info
No bio for this author
Company Info
New Fortress Energy Inc. operates as an integrated gas-to-power energy infrastructure company that provides energy and development services to end-users worldwide.
Market Cap
$347.2M
Pitch Price
$21.30
Price Target
40.00 (+2885%)
Dividend
N/A
EV/EBITDA
22.31
P/E
-0.25
EV/Sales
5.45
Sector
Oil, Gas and Consumable Fuels
Category
growth
High Insider Confidence and Operational Milestones Boost New Fortress Energy's Outlook
NFE: 32% short interest; CEO (ex-Fortress) owns 35%, insiders 55%. LNG facility active June, first cargo July. Debt refinance plan. EBITDA $1.4B '24 to $2B '26. Capex to plunge, earnings soar. Squeeze history. $40 PT. Growth opps ahead. Rerating likely on facility operation & delivery reports.
Read full article (1 min)