NASDAQ:NFE

12.01
0.05 (0.38%) 1d
0
BUY
New Fortress Energy

Has long-term growth potential, but shares have pulled back from $30 to $26 in recent weeks due to the larger energy pullback. Doesn't make sense. They just delivered a terrific quarter. Now is a fine entry point.

Energy
BUY
New Fortress Energy

A natural gas stock. A commodity that's been on fire since Russia invaded Ukraine, though nat gas prices collapsed due to a mild winter and lesser demand. Nat gas is volatile, but the price is bottoming now. NFE identifies developing countries where it can build infrastructure (on barges, even) to harvest nat gas and take that to market to sell for years. Such countries typically rely on coal, so NFE helps them transition to nat gas. They operate in Jamaica, Puerto Rico and Mexico with Ireland and other places ahead. NFE can convert nat gas on offshore rigs into liquified nat gas on the spot. Revenues have grown from under $200 million in 2019 to $2.27 billion in 2022. On track to top $3.9 billion this year and $5 billion in 2024. Shares are a bargain now as it trades at only 7x earnings

Energy
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New Fortress Energy(NFE-Q) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for New Fortress Energy is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

New Fortress Energy(NFE-Q) Frequently Asked Questions

What is New Fortress Energy stock symbol?

New Fortress Energy is a American stock, trading under the symbol NFE-Q on the NASDAQ (NFE). It is usually referred to as NASDAQ:NFE or NFE-Q

Is New Fortress Energy a buy or a sell?

In the last year, there was no coverage of New Fortress Energy published on Stockchase.

Is New Fortress Energy a good investment or a top pick?

New Fortress Energy was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for New Fortress Energy.

Why is New Fortress Energy stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is New Fortress Energy worth watching?

In the last year, there was no coverage of New Fortress Energy published on Stockchase.

What is New Fortress Energy stock price?

On 2024-12-06, New Fortress Energy (NFE-Q) stock closed at a price of $12.005.