New Fortress Energy Inc. operates as an integrated gas-to-power infrastructure company, provides energy and development services to end-users worldwide. The company engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation. It also supplies LNG. The company operates LNG storage and regasification facility at the Port of Montego Bay, Jamaica; marine LNG storage and regasification facility in Old Harbour, Jamaica; and landed micro-fuel handling facility in San Juan, Puerto Rico, as well as Miami facility. New Fortress Energy Inc. was founded in 1998 and is based in New York, New York.
IPO Year: 2019
Exchange: NASDAQ
Website: newfortressenergy.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
3/4/2024 | $40.00 → $35.00 | Buy → Hold | Deutsche Bank |
12/19/2023 | Equal Weight | CapitalOne | |
6/8/2023 | $59.00 → $31.00 | Buy → Neutral | BofA Securities |
4/10/2023 | $60.00 | Buy | Deutsche Bank |
2/1/2023 | $67.00 | Buy | BofA Securities |
1/31/2023 | $50.00 | Neutral → Buy | BTIG Research |
10/19/2022 | $65.00 | Buy | Jefferies |
9/9/2022 | Buy → Neutral | BTIG Research | |
7/14/2022 | $56.00 | Buy | Citigroup |
2/16/2022 | $49.00 → $45.00 | Overweight | Morgan Stanley |
New Fortress Energy Inc. (NASDAQ:NFE) ("NFE" or the "Company") is pleased to announce that it has received authorization from the United States Department of Energy ("DOE") to export up to ~1.4 million tonnes per annum of LNG to non-Free Trade Agreement countries from its Fast LNG 1 ("FLNG 1") asset located offshore Altamira, Mexico for a term of five years. In combination with the previously received Free Trade Agreement authorization granted by the DOE, our FLNG 1 asset is now able to export LNG to markets and customers worldwide. "This important authorization cements NFE's position as a leading global vertically integrated gas to power company and enhances the marketability of our FLNG
New Fortress Energy Inc. (NASDAQ:NFE) ("NFE" or the "Company") is pleased to announce that the scheduled maintenance outage of our 1.4 MTPA Fast LNG 1 asset located offshore Altamira, Mexico ("FLNG") has been completed, and the FLNG unit has returned to production as scheduled this morning. This planned outage followed the significant milestone of our first LNG cargo which occurred on August 9th. The FLNG 1 unit is expected to continue its production ramp and will reach full production later this month. About New Fortress Energy Inc. New Fortress Energy Inc. (NASDAQ:NFE) is a global energy infrastructure company founded to address energy poverty and accelerate the world's transition t
New Fortress Energy Inc. (NASDAQ:NFE) ("NFE" or the "Company") today reported its financial results for the second quarter of 2024. Summary Highlights Adjusted EBITDA(1) of $120 million in the second quarter of 2024 Second quarter results do not include $107 million of contracted LNG sales during the quarter, which will be included in Adjusted EBITDA and earnings in the second half of 2024 Net loss of $87 million in the second quarter of 2024 Adjusted EPS(2) of $(0.41) on a fully diluted basis in the second quarter of 2024 EPS of $(0.44) on a fully diluted basis in the second quarter of 2024 Funds from Operations per share(3) of $(0.23) on a fully diluted basis in the se
New Fortress Energy Inc. (NASDAQ:NFE) ("NFE" or the "Company") today is pleased to provide an update on its initial Fast LNG asset located offshore Altamira, Mexico ("FLNG"). NFE's FLNG asset is performing well as expected. The asset is scheduled to conclude commissioning and its preproduction run on Friday, August 9th, with the first partial LNG cargo set to be loaded onto the Energos Princess. This cargo will then be delivered to NFE's La Paz, Mexico terminal in the following days. Following the significant milestone of first load, our FLNG asset will undergo a scheduled maintenance outage of several days. After this, FLNG will resume operations and is expected to reach full productio
Golar LNG Partners LP, an indirect subsidiary of New Fortress Energy Inc. (NASDAQ:NFE), has declared a cash distribution of $0.546875 per unit of 8.75% Series A Cumulative Redeemable Preferred Units for the period from May 15, 2024, through August 14, 2024. This will be payable on August 15, 2024, to all Series A preferred unitholders of record as of August 8, 2024. About New Fortress Energy Inc. New Fortress Energy Inc. (NASDAQ:NFE) is a global energy infrastructure company founded to address energy poverty and accelerate the world's transition to reliable, affordable, and clean energy. The company owns and operates natural gas and liquefied natural gas (LNG) infrastructure and an inte
New Fortress Energy Inc. (NASDAQ:NFE) ("NFE" or the "Company") today announced that after successfully producing LNG at its first FLNG unit ("FLNG 1"), the Company has closed its previously announced $700 million loan for its second FLNG unit ("FLNG 2"). Now operational, FLNG 1 expects to deliver its first cargo in August and enter full production thereafter. The new loan will fully fund the construction of FLNG 2. FLNG 2 will be developed in partnership with Comisión Federal de Electricidad ("CFE") utilizing its extensive in-place terminal infrastructure onshore in Altamira, Mexico. The new liquefaction unit will incorporate the same proprietary modular technology as FLNG 1 and is expect
72% of Series A Preferred Shares that Have Returned their Proxies to Date Approve of the Preferred Stock Proposal SOMERSET, N.J., July 23, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (the "Company") (NASDAQ:CCLD, CCLDO, CCLDP))), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced that it continues to solicit proxies from the holders (the "Series A Preferred Shareholders") of its 11% Series A Cumulative Redeemable Perpetual Preferred Stock (the "Series A Preferred Stock") to approve an amendment to the Company's Certificate of Designations, Preferences and Rights of its Series A Preferred Stock (the "Preferred Stock Proposa
ATLANTA, July 22, 2024 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE:GTLS) ("Chart"), a leading global solutions provider to clean energy and industrial gas markets, announces that its Integrated Pre-Cooled Single Mixed Refrigerant ("IPSMR®") process technology delivered First LNG at New Fortress Energy Inc.'s (NASDAQ:NFE) ("NFE") initial Fast LNG ("FLNG") asset located offshore Altamira, Mexico. With this significant milestone, FLNG establishes itself as the fastest large-scale LNG project ever developed. NFE's proprietary Fast LNG design is the first of its kind, pairing the latest advancements in Chart's modular liquefaction technology with jack up rigs or similar offshore infrastru
New Fortress Energy Inc. (NASDAQ:NFE) ("NFE" or the "Company") today announced that it has achieved First LNG for its initial Fast LNG asset located offshore Altamira, Mexico ("FLNG"). With this significant milestone, FLNG establishes itself as the fastest large-scale LNG project ever developed. NFE's proprietary Fast LNG design is the first of its kind, pairing the latest advancements in modular liquefaction technology with jack up rigs or similar offshore infrastructure to enable a faster deployment schedule than traditional liquefaction facilities. With a production capacity of 1.4 MTPA, or approximately 70 TBtus, FLNG completes the vertical integration of NFE's LNG portfolio and wil
New Fortress Energy Inc. (NASDAQ:NFE) (the "Company") plans to announce its financial results for the second quarter 2024 prior to 8:00 A.M. Eastern Time on Friday, August 9th, 2024. A copy of the press release and an earnings supplement will be posted to the Investors section of the Company's website, www.newfortressenergy.com. In addition, management will host a conference call on Friday, August 9th, 2024 at 8:00 A.M. Eastern Time. The conference call may be accessed by dialing (888) 224-1005 (toll-free from within the U.S.) or +1-323-794-2575 (from outside of the U.S.) fifteen minutes prior to the scheduled start of the call; please reference "NFE Second-Quarter 2024 Earnings Call" or
January 13, 2021 – Golar LNG Partners LP (Nasdaq: GMLP) (“GMLP”) today announced that it has entered into an agreement and plan of merger with New Fortress Energy Inc. (Nasdaq: NFE) (“NFE”). Under the merger agreement, NFE has agreed to acquire all of the outstanding common units and general partner units of GMLP for $3.55 per unit in cash for a total purchase price of $251 million equity value. In connection with the transaction, GMLP’s incentive distribution rights will be cancelled. The Series A preferred units of GMLP will remain outstanding. The consideration to be received by GMLP common unitholders represents a 27% premium to the closing price of GMLP’s common units of $2.79/unit o
January 13, 2021 – Golar LNG Limited (Nasdaq: GLNG) (“GLNG”) today announced that it and Stonepeak Infrastructure Fund II Cayman (G) Ltd., a fund managed by Stonepeak Infrastructure Partners (“Stonepeak”) have entered into a definitive agreement and plan of merger to sell 100% of Hygo Energy Transition Ltd. (“Hygo”) to New Fortress Energy Inc. (Nasdaq: NFE) (“NFE”). Hygo, a gas to power and downstream LNG distribution company, is owned 50% by each of GLNG and by funds and other entities managed by Stonepeak. Under the terms of the merger agreement, NFE will acquire all of the outstanding shares of Hygo for 31.4 million shares of NFE Class A common stock and $580 million in cash. The transa
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE”) today announced that it has signed a Memorandum of Understanding (“MOU”) with Petrobras Distribuidora S.A. (“BR”) and CCETC Brasil Holding Ltda. (“CCETC”) to acquire 288MW of 15-year power purchase agreements (“PPAs”) and intends to develop an LNG terminal and gas-fired power plant at the Suape Port in Brazil. “The Suape Port provides an ideal location for NFE to bring clean and affordable energy to a rapidly growing region of Brazil,” said Wes Edens, Chairman and CEO of New Fortress Energy. “Our LNG terminal and gas-fired power plant will advance the clean energy transition in the state of Pernambuco and t
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE”) today announced that it has entered into definitive agreements to acquire Hygo Energy Transition Ltd. (“Hygo”), a 50-50 joint venture between Golar LNG Limited (Nasdaq: GLNG) (“GLNG”) and Stonepeak Infrastructure Fund II Cayman (G) Ltd., a fund managed by Stonepeak Infrastructure Partners (“Stonepeak”), and Golar LNG Partners, LP (Nasdaq: GMLP) (“GMLP”). “With a strong presence in Brazil and a world-class LNG shipping business, Hygo and GMLP are excellent additions to our efforts to accelerate the world’s energy transition,” said Wes Edens, Chairman and CEO of NFE. “The addition of Hygo will quickly expand
New Fortress Energy Inc. (NASDAQ:NFE) ("NFE" or the "Company") today reported its financial results for the second quarter of 2024. Summary Highlights Adjusted EBITDA(1) of $120 million in the second quarter of 2024 Second quarter results do not include $107 million of contracted LNG sales during the quarter, which will be included in Adjusted EBITDA and earnings in the second half of 2024 Net loss of $87 million in the second quarter of 2024 Adjusted EPS(2) of $(0.41) on a fully diluted basis in the second quarter of 2024 EPS of $(0.44) on a fully diluted basis in the second quarter of 2024 Funds from Operations per share(3) of $(0.23) on a fully diluted basis in the se
72% of Series A Preferred Shares that Have Returned their Proxies to Date Approve of the Preferred Stock Proposal SOMERSET, N.J., July 23, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (the "Company") (NASDAQ:CCLD, CCLDO, CCLDP))), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced that it continues to solicit proxies from the holders (the "Series A Preferred Shareholders") of its 11% Series A Cumulative Redeemable Perpetual Preferred Stock (the "Series A Preferred Stock") to approve an amendment to the Company's Certificate of Designations, Preferences and Rights of its Series A Preferred Stock (the "Preferred Stock Proposa
New Fortress Energy Inc. (NASDAQ:NFE) (the "Company") plans to announce its financial results for the second quarter 2024 prior to 8:00 A.M. Eastern Time on Friday, August 9th, 2024. A copy of the press release and an earnings supplement will be posted to the Investors section of the Company's website, www.newfortressenergy.com. In addition, management will host a conference call on Friday, August 9th, 2024 at 8:00 A.M. Eastern Time. The conference call may be accessed by dialing (888) 224-1005 (toll-free from within the U.S.) or +1-323-794-2575 (from outside of the U.S.) fifteen minutes prior to the scheduled start of the call; please reference "NFE Second-Quarter 2024 Earnings Call" or
New Fortress Energy Inc. (NASDAQ:NFE) ("NFE" or the "Company") today reported its financial results for the first quarter of 2024. Summary Highlights Adjusted EBITDA(1) of $340 million in the first quarter of 2024 Net income of $57 million in the first quarter of 2024 Adjusted EPS(2) of $0.67 on a fully diluted basis in the first quarter of 2024 EPS of $0.26 on a fully diluted basis in the first quarter of 2024 Funds from Operations per share(3) of $0.92 on a fully diluted basis in the first quarter of 2024 Illustrative Adjusted EBITDA Goal(4) of ~$2 billion in the full year 2024 "This has been a tremendous quarter for the company with a number of significant mileston
New Fortress Energy Inc. (NASDAQ:NFE) (the "Company") plans to announce its financial results for the first quarter 2024 prior to 8:00 A.M. Eastern Time on Wednesday, May 8th, 2024. A copy of the press release and an earnings supplement will be posted to the Investors section of the Company's website, www.newfortressenergy.com. In addition, management will host a conference call on Wednesday, May 8th, 2024 at 8:00 A.M. Eastern Time. The conference call may be accessed by dialing (888) 256-1007 (toll-free from within the U.S.) or +1-323-701-0225 (from outside of the U.S.) fifteen minutes prior to the scheduled start of the call; please reference "NFE First Quarter 2024 Earnings Call" or co
New Fortress Energy Inc. (NASDAQ:NFE) (the "Company") announced today that management will host a conference call on Monday, March 25, 2024, at 11:00 am Eastern Time to discuss the Company's transformative transactions in Puerto Rico and Brazil. The conference call may be accessed by dialing (888) 224-1005 (toll-free from within the U.S.) or +1-323-701-0225 (from outside of the U.S.); please reference "NFE Company Update" or conference code 9397787. A simultaneous webcast of the conference call will be available to the public on a listen-only basis at www.newfortressenergy.com under the Investors section within "Events & Presentations." Please allow time prior to the call to visit the s
New Fortress Energy Inc. (NASDAQ:NFE) ("NFE" or the "Company") today reported its financial results for the fourth quarter and for the year ended December 31, 2023. Summary Highlights Adjusted EBITDA(1) of $388 million in the fourth quarter of 2023 and $1.3 billion in the full year 2023 Net income of $215 million in the fourth quarter of 2023 and $549 million in the full year 2023 Adjusted EPS(2) of $1.01 on a fully diluted basis in the fourth quarter of 2023 and $2.75 in the full year 2023 EPS of $1.06 on a fully diluted basis in the fourth quarter of 2023 and $2.65 in the full year 2023 Funds from Operations per share(3) of $1.36 on a fully diluted basis in the fourth qua
New Fortress Energy Inc. (NASDAQ:NFE) (the "Company") plans to announce its financial results for the fourth quarter 2023 prior to 8:00 A.M. Eastern Time on Thursday, February 29th, 2024. A copy of the press release and an earnings supplement will be posted to the Investors section of the Company's website, www.newfortressenergy.com. In addition, management will host a conference call on Thursday, February 29th, 2024 at 8:00 A.M. Eastern Time. The conference call may be accessed by dialing (888) 256-1007 (toll-free from within the U.S.) or +1-323-794-2575 (from outside of the U.S.) fifteen minutes prior to the scheduled start of the call; please reference "NFE Fourth Quarter 2023 Earnings
NEW YORK, Jan. 8, 2024 /PRNewswire/ -- Energos Infrastructure ("Energos" or the "Company"), an international marine LNG infrastructure company, majority-controlled by Apollo-managed funds (NYSE:APO) and minority shareholder New Fortress Energy Inc. (NASDAQ:NFE) ("NFE"), today announced that the Company has completed the acquisition of two state-of-the-art Floating Storage and Regasification Units ("FSRUs") from affiliates of Dynagas. The two 174,000 m3 closed-loop FSRUs, built in 2021, will be renamed Energos Force and Energos Power. Earlier in 2023, the FSRUs commenced long-t
New Fortress Energy Inc. (NASDAQ:NFE) ("NFE" or the "Company") today reported its financial results for the third quarter of 2023. Summary Highlights Adjusted EBITDA(1) of $208 million in the third quarter of 2023 and $895 million in the first nine months of 2023 Net income of $62 million in the third quarter of 2023 and $334 million in the first nine months of 2023 Adjusted EPS(2) of $0.30 on a fully diluted basis in the third quarter of 2023 and $1.78(2) in the first nine months of 2023 Achieved several milestones since the second quarter of 2023 transitioned earnings from predominantly open cargos to nearly 100% contracted downstream assets(3); operated 150 MW in
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Deutsche Bank downgraded New Fortress Energy from Buy to Hold and set a new price target of $35.00 from $40.00 previously
CapitalOne initiated coverage of New Fortress Energy with a rating of Equal Weight
BofA Securities downgraded New Fortress Energy from Buy to Neutral and set a new price target of $31.00 from $59.00 previously
Deutsche Bank initiated coverage of New Fortress Energy with a rating of Buy and set a new price target of $60.00
BofA Securities initiated coverage of New Fortress Energy with a rating of Buy and set a new price target of $67.00
BTIG Research upgraded New Fortress Energy from Neutral to Buy and set a new price target of $50.00
Jefferies initiated coverage of New Fortress Energy with a rating of Buy and set a new price target of $65.00
BTIG Research downgraded New Fortress Energy from Buy to Neutral
Citigroup resumed coverage of New Fortress Energy with a rating of Buy and set a new price target of $56.00
Morgan Stanley reiterated coverage of New Fortress Energy with a rating of Overweight and set a new price target of $45.00 from $49.00 previously
Shares of Comcast Corporation (NASDAQ:CMCSA) fell sharply during Tuesday's session after the company reported worse-than-expected second-quarter sales results. Comcast reported second-quarter revenue decline of 2.7% year-over-year to $29.69 billion, missing the analyst consensus estimate of $30.02 billion.The company reported adjusted EPS of $1.21, beating analyst consensus estimates of $1.12, according to data from Benzinga Pro. Comcast shares declined 6.1% to $37.12 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Azitra, Inc. (NYSE:AZTR) shares jumped 529% to $10.19 after the company announced that the U.S. Patent and Trademark Office grant
In the preceding three months, 4 analysts have released ratings for New Fortress Energy (NASDAQ:NFE), presenting a wide array of perspectives from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 3 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 0 2 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $32.25, a high estimate of $43.00, and a low estimate of $26.00. A 11.03% drop is evident in the current average c
Deutsche Bank analyst Chris Robertson maintains New Fortress Energy (NASDAQ:NFE) with a Hold and lowers the price target from $33 to $26.
These eleven mid-cap stocks were the best performers in the last week. Are they in your portfolio? Virtu Financial, Inc. (NASDAQ:VIRT) shares jumped 30.04% after reporting better-than-expected Q2 financial results. V.F. Corporation (NYSE:VFC) stock upped 22.38% after the company announced it entered into a Stock and Asset Purchase Agreement to sell its Supreme brand to EssilorLuxottica (OTC: ESLOF) for $1.5 billion in cash. Several analysts raised their price forecasts on VFC. New Fortress Energy Inc. (NASDAQ:NFE) shares grew 20.19% after the company announced that it achieved First LNG for its initial Fast LNG asset located offshore Altamira, Mexico. Riot Platforms Inc (NASDAQ:
New Fortress Energy Inc. (NASDAQ:NFE) ("NFE" or the "Company") today announced that it has achieved First LNG for its initial Fast LNG asset located offshore Altamira, Mexico ("FLNG"). With this significant milestone, FLNG establishes itself as the fastest large-scale LNG project ever developed.NFE's proprietary Fast LNG design is the first of its kind, pairing the latest advancements in modular liquefaction technology with jack up rigs or similar offshore infrastructure to enable a faster deployment schedule than traditional liquefaction facilities.With a production capacity of 1.4 MTPA, or approximately 70 TBtus, FLNG completes the vertical integration of NFE's LNG portfolio and will play
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