New Fortress Energy downgraded by Deutsche Bank with a new price target
$NFE
Oil/Gas Transmission
Utilities
Deutsche Bank downgraded New Fortress Energy from Buy to Hold and set a new price target of $35.00 from $40.00 previously
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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 |
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 reported its financial results for the fourth quarter and for the year ended December 31, 2024. Summary Highlights Adjusted EBITDA(1) of $313 million in the fourth quarter of 2024 and $950 million in the full year 2024 Net loss of $224 million in the fourth quarter of 2024 and $242 million in the full year 2024, driven primarily by costs incurred with refinancing our debt including a Q4 loss on extinguishment of debt of $260 million. Adjusted Net Income(3) of $29 million in the fourth quarter of 2024 and $101 million for the full year 2024 Adjusted EPS(2) of $0.13 on a fully diluted basis in the fourth quarte
New Fortress Energy Inc. (NASDAQ:NFE) (the "Company") plans to announce its financial results for the fourth quarter 2024 after 4:00 P.M. Eastern Time on Monday, March 3rd, 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, March 3rd, 2025 at 5:00 P.M. Eastern Time. The conference call may be accessed by dialing (888) 394-8218 (toll-free from within the U.S.) or +1 (323) 994-2093 (from outside of the U.S.) fifteen minutes prior to the scheduled start of the call; please reference "NFE Fourth-Quarter 2024 Earnings Call" or con
New Fortress Energy Inc. (NASDAQ:NFE) ("NFE" or the "Company") today reported its financial results for the third quarter of 2024. Summary Highlights Adjusted EBITDA(1) of $176 million in the third quarter of 2024 Net income of $11 million in the third quarter of 2024 Adjusted EPS(2) of $0.05 on a fully diluted basis in the third quarter of 2024 EPS of $0.03 on a fully diluted basis in the third quarter of 2024 Illustrative Adjusted EBITDA Goal(4) of $855 million in the full year 2024 "This has been a strong and steady third quarter for the company as we achieved Adjusted EBITDA of $176 million, matching our guidance of $175 million. This was largely the result of steady volume
10-K - New Fortress Energy Inc. (0001749723) (Filer)
8-K - New Fortress Energy Inc. (0001749723) (Filer)
SCHEDULE 13D/A - New Fortress Energy Inc. (0001749723) (Subject)
4 - New Fortress Energy Inc. (0001749723) (Issuer)
4 - New Fortress Energy Inc. (0001749723) (Issuer)
4 - New Fortress Energy Inc. (0001749723) (Issuer)
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
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, 2024. Summary Highlights Adjusted EBITDA(1) of $313 million in the fourth quarter of 2024 and $950 million in the full year 2024 Net loss of $224 million in the fourth quarter of 2024 and $242 million in the full year 2024, driven primarily by costs incurred with refinancing our debt including a Q4 loss on extinguishment of debt of $260 million. Adjusted Net Income(3) of $29 million in the fourth quarter of 2024 and $101 million for the full year 2024 Adjusted EPS(2) of $0.13 on a fully diluted basis in the fourth quarte
New Fortress Energy Inc. (NASDAQ:NFE) ("NFE") today announced a one-year extension of its 80 TBtu islandwide gas supply contract with the Puerto Rico Electric Power Authority ("PREPA"). Additionally, the 10-year Operation and Maintenance Agreement between Genera, NFE's subsidiary, and PREPA will be modified to eliminate future incentive payments in exchange for a $110 million payment. NFE worked closely with Puerto Rico Governor Jenniffer Gonzalez-Colon, the Puerto Rico Energy Bureau ("PREB"), the Puerto Rico Public-Private Partnerships Authority ("P3A"), and PREPA to streamline the incentive structure and fully aligns NFE and Puerto Rico with a single goal: to deliver reliable, clean power
New Fortress Energy Inc. (NASDAQ:NFE) (the "Company") plans to announce its financial results for the fourth quarter 2024 after 4:00 P.M. Eastern Time on Monday, March 3rd, 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, March 3rd, 2025 at 5:00 P.M. Eastern Time. The conference call may be accessed by dialing (888) 394-8218 (toll-free from within the U.S.) or +1 (323) 994-2093 (from outside of the U.S.) fifteen minutes prior to the scheduled start of the call; please reference "NFE Fourth-Quarter 2024 Earnings Call" or con
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)
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