Jefferies initiated coverage on New Fortress Energy with a new price target
$NFE
Oil/Gas Transmission
Utilities
Jefferies initiated coverage of New Fortress Energy with a rating of Buy and set a new price target of $65.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/4/2024 | $11.00 | Sell → Hold | Deutsche Bank |
| 10/3/2024 | $35.00 → $15.00 | Overweight → Equal-Weight | Morgan Stanley |
| 10/1/2024 | $21.00 → $7.60 | Hold → Sell | Deutsche Bank |
| 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 |
New Fortress Energy Inc. (NASDAQ:NFE) ("NFE" or the "Company") today announced its receipt of an expected notice (the "Notice") from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Rule") because the Company has not yet filed its Form 10-Q for the period ended March 31, 2025 ("Form 10-Q") with the U.S. Securities and Exchange Commission (the "SEC"). The Rule requires listed companies to timely file all required periodic financial reports with the SEC. The Company is continuing to work diligently to finalize and file its Form 10-Q as soon as possible. The Company expects that i
New Fortress Energy Inc. (NASDAQ:NFE) ("NFE" or the "Company") today announced the completion of the sale of its assets and operations in Jamaica to Excelerate Energy, Inc. (NYSE:EE) ("Excelerate") for $1.055 billion. The transaction was initially announced by NFE on March 27, 2025. Proceeds from the transaction will be used to reduce NFE's corporate debt and for general corporate purposes. Pursuant to the transaction, Excelerate Energy, Inc. has acquired full ownership of NFE's LNG import terminal in Montego Bay, offshore floating storage and regasification terminal in Old Harbour, and 150 MW Combined Heat and Power Plant in Clarendon, along with the associated infrastructure. "The closi
Excelerate Energy, Inc. (NYSE:EE) ("Excelerate" or the "Company") today announced that it has closed its acquisition of New Fortress Energy Inc.'s (NASDAQ:NFE) business in Jamaica (the "Acquisition"). Under the terms of the purchase agreement, Excelerate has acquired the assets and operations of the Montego Bay liquified natural gas ("LNG") Terminal, the Old Harbour LNG Terminal, and the Clarendon combined heat and power plant. Subsequent to the announcement of the Acquisition, the Company successfully raised approximately $1.0 billion in equity and debt financings to fund the Acquisition. In the second quarter of 2025, Excelerate completed an equity offering of eight million shares of Cl
SC 13G - New Fortress Energy Inc. (0001749723) (Subject)
SC 13G - New Fortress Energy Inc. (0001749723) (Subject)
SC 13G/A - New Fortress Energy Inc. (0001749723) (Subject)
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. The Miami LNG business serves the hospitality, industrial, transpo
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
8-K - New Fortress Energy Inc. (0001749723) (Filer)
8-K - New Fortress Energy Inc. (0001749723) (Filer)
8-K - New Fortress Energy Inc. (0001749723) (Filer)
3 - New Fortress Energy Inc. (0001749723) (Issuer)
3 - New Fortress Energy Inc. (0001749723) (Issuer)
4 - New Fortress Energy Inc. (0001749723) (Issuer)
4 - New Fortress Energy Inc. (0001749723) (Issuer)
4 - New Fortress Energy Inc. (0001749723) (Issuer)
4 - New Fortress Energy Inc. (0001749723) (Issuer)
New Fortress Energy Inc. (NASDAQ:NFE) ("NFE" or the "Company") today announced the completion of the sale of its assets and operations in Jamaica to Excelerate Energy, Inc. (NYSE:EE) ("Excelerate") for $1.055 billion. The transaction was initially announced by NFE on March 27, 2025. Proceeds from the transaction will be used to reduce NFE's corporate debt and for general corporate purposes. Pursuant to the transaction, Excelerate Energy, Inc. has acquired full ownership of NFE's LNG import terminal in Montego Bay, offshore floating storage and regasification terminal in Old Harbour, and 150 MW Combined Heat and Power Plant in Clarendon, along with the associated infrastructure. "The closi
New Fortress Energy Inc. (NASDAQ:NFE) (the "Company") is rescheduling the announcement of its financial results for the first quarter of 2025 to Wednesday, May 14th, 2025 at 4:00 P.M. Eastern Time to announce the closing of the Jamaica transaction, and announce an update to the use of proceeds. 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. The Company will hold a conference call on Wednesday, May 14th, 2025 at 4:30 P.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
New Fortress Energy Inc. (NASDAQ:NFE) (the "Company") plans to announce its financial results for the first quarter of 2025 after 4:00 P.M. Eastern Time on Monday, May 12th, 2025. 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 Monday, May 12th, 2025 at 4:30 P.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 2025 Earnings Call" or confe
Deutsche Bank upgraded New Fortress Energy from Sell to Hold and set a new price target of $11.00
Morgan Stanley downgraded New Fortress Energy from Overweight to Equal-Weight and set a new price target of $15.00 from $35.00 previously
Deutsche Bank downgraded New Fortress Energy from Hold to Sell and set a new price target of $7.60 from $21.00 previously