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Recommendations
New Fortress Energy price target lowered to $38 from $45 at Barclays » 06:26
07/22/21
07/22
06:26
07/22/21
06:26
NFE

New Fortress Energy

$33.64 /

+1.35 (+4.18%)

Barclays analyst…

Barclays analyst Christine Cho lowered the firm's price target on New Fortress Energy to $38 from $45 and keeps an Equal Weight rating on the shares. The analyst views the company's July business update as a "fairly neutral event" for the stock, with it reiterating much of its previously communicated strategy and run rate financial targets. Cho thinks one of the key catalysts for the stock in the near term will be execution.

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NFE New Fortress Energy
$33.64 /

+1.35 (+4.18%)

NFE New Fortress Energy
$33.64 /

+1.35 (+4.18%)

05/13/21 Morgan Stanley
New Fortress Energy resumed with an Overweight at Morgan Stanley
03/16/21 Stifel
New Fortress Energy upgraded to Buy from Hold at Stifel
01/26/21 Credit Suisse
New Fortress Energy price target raised to $50 from $37 at Credit Suisse
01/15/21 Evercore ISI
New Fortress Energy price target raised to $67 from $53 at Evercore ISI
NFE New Fortress Energy
$33.64 /

+1.35 (+4.18%)

  • 16
    Dec
NFE New Fortress Energy
$33.64 /

+1.35 (+4.18%)

Conference/Events
New Fortress Energy to host business news update conference call » 10:52
07/21/21
07/21
10:52
07/21/21
10:52
NFE

New Fortress Energy

$33.00 /

+0.71 (+2.20%)

Management holds a…

Management holds a business update conference call on July 21 at 11 am. Webcast Link

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NFE New Fortress Energy
$33.00 /

+0.71 (+2.20%)

NFE New Fortress Energy
$33.00 /

+0.71 (+2.20%)

05/13/21 Morgan Stanley
New Fortress Energy resumed with an Overweight at Morgan Stanley
03/16/21 Stifel
New Fortress Energy upgraded to Buy from Hold at Stifel
01/26/21 Credit Suisse
New Fortress Energy price target raised to $50 from $37 at Credit Suisse
01/15/21 Evercore ISI
New Fortress Energy price target raised to $67 from $53 at Evercore ISI
NFE New Fortress Energy
$33.00 /

+0.71 (+2.20%)

  • 16
    Dec
NFE New Fortress Energy
$33.00 /

+0.71 (+2.20%)

Hot Stocks
New Fortress Energy commences commercial operations at Mexico LNG terminal » 09:00
07/14/21
07/14
09:00
07/14/21
09:00
NFE

New Fortress Energy

$33.51 /

-1.86 (-5.26%)

New Fortress Energy…

New Fortress Energy announced that its liquefied natural gas, or LNG, terminal in the port of Pichilingue, Baja California Sur, Mexico has begun commercial operations and will host an event featuring state and local officials at the Terminal on Friday, July 16.

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NFE New Fortress Energy
$33.51 /

-1.86 (-5.26%)

NFE New Fortress Energy
$33.51 /

-1.86 (-5.26%)

05/13/21 Morgan Stanley
New Fortress Energy resumed with an Overweight at Morgan Stanley
03/16/21 Stifel
New Fortress Energy upgraded to Buy from Hold at Stifel
01/26/21 Credit Suisse
New Fortress Energy price target raised to $50 from $37 at Credit Suisse
01/15/21 Evercore ISI
New Fortress Energy price target raised to $67 from $53 at Evercore ISI
NFE New Fortress Energy
$33.51 /

-1.86 (-5.26%)

  • 16
    Dec
NFE New Fortress Energy
$33.51 /

-1.86 (-5.26%)

Hot Stocks
New Fortress Energy signs MOU with Lakdhanavi to develop 350 MW power plant » 08:21
07/13/21
07/13
08:21
07/13/21
08:21
NFE

New Fortress Energy

$35.31 /

-0.08 (-0.23%)

New Fortress Energy…

New Fortress Energy announced that it has signed a memorandum of understanding, or MOU, with Lakdhanavi, a private company in Sri Lanka, to jointly develop a 350 MW gas-fired power plant in the Kerawalapitiya Power Complex located in Colombo, Sri Lanka. LTL was previously awarded a 20-year power purchase agreement, or PPA, with the Government of Sri Lanka through a competitive tender to provide electricity to the national grid. The MOU is non-binding on the parties, and actual terms of any future definitive agreements may differ from the terms of the MOU.

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NFE New Fortress Energy
$35.31 /

-0.08 (-0.23%)

NFE New Fortress Energy
$35.31 /

-0.08 (-0.23%)

05/13/21 Morgan Stanley
New Fortress Energy resumed with an Overweight at Morgan Stanley
03/16/21 Stifel
New Fortress Energy upgraded to Buy from Hold at Stifel
01/26/21 Credit Suisse
New Fortress Energy price target raised to $50 from $37 at Credit Suisse
01/15/21 Evercore ISI
New Fortress Energy price target raised to $67 from $53 at Evercore ISI
NFE New Fortress Energy
$35.31 /

-0.08 (-0.23%)

  • 16
    Dec
NFE New Fortress Energy
$35.31 /

-0.08 (-0.23%)

Hot Stocks
New Fortress Energy signs gas supply agreement with Government of Sri Lanka » 16:48
07/08/21
07/08
16:48
07/08/21
16:48
NFE

New Fortress Energy

$35.18 /

-0.8699 (-2.41%)

New Fortress Energy has…

New Fortress Energy has signed a Framework Agreement with the Government of Sri Lanka to construct a new offshore liquefied natural gas - LNG - receiving, storage and regasification terminal. The Terminal will be located off the coast of Colombo to supply gas to the country's power plants, primarily located in the Kerawalapitiya Power Complex. The Kerawalapitiya Power Complex consists of 300 MW in operation today and is ultimately expected to grow to over 1,000 MW by 2025. As part of the agreement, New Fortress will supply natural gas to the existing 300 MW Yugadanavi Power Plant and is negotiating the purchase of the Government's 40% stake in the company that owns the power plant. This power plant is currently under a long-term power purchase agreement to provide electricity to the national grid that extends through 2035. This Terminal will introduce natural gas to the country of Sri Lanka for the first time and will assist the transition to lower-carbon energy sources. The Government will facilitate the obtainment of necessary permits and entitlements by New Fortress to construct the LNG terminal. The Terminal is expected to begin operations by the second half of 2022. This investment in Sri Lanka represents New Fortress' first LNG terminal in Asia.

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NFE New Fortress Energy
$35.18 /

-0.8699 (-2.41%)

NFE New Fortress Energy
$35.18 /

-0.8699 (-2.41%)

05/13/21 Morgan Stanley
New Fortress Energy resumed with an Overweight at Morgan Stanley
03/16/21 Stifel
New Fortress Energy upgraded to Buy from Hold at Stifel
01/26/21 Credit Suisse
New Fortress Energy price target raised to $50 from $37 at Credit Suisse
01/15/21 Evercore ISI
New Fortress Energy price target raised to $67 from $53 at Evercore ISI
NFE New Fortress Energy
$35.18 /

-0.8699 (-2.41%)

  • 16
    Dec
NFE New Fortress Energy
$35.18 /

-0.8699 (-2.41%)

Hot Stocks
New Fortress Energy secures LNG supply through 2027 » 19:07
07/06/21
07/06
19:07
07/06/21
19:07
NFE

New Fortress Energy

$38.07 /

+0.02 (+0.05%)

New Fortress Energy…

New Fortress Energy announced that it has reached an agreement for liquefied natural gas supply that will cover the remaining volumes for NFE's existing natural gas and electricity businesses through the end of 2027. "This transaction secures our LNG supply for the next several years across our existing portfolio of terminals and customers," said Wes Edens, Chairman and CEO of NFE. "With commercial operations expected to begin within days in Mexico and next month in Nicaragua, this will ensure we provide our customers a reliable and affordable supply of cleaner energy. We will look to secure additional volumes later this year ahead of commencing our Brazil operations and as we continue to grow our customer base across all our terminals." With this gas supply in place, NFE will have purchased LNG volumes equal to approximately 100% of its expected needs for its current portfolio of five terminals and assets across the Caribbean, Mexico and Central America for the next six years. The Company anticipates securing additional LNG supply volumes later in 2021 to support NFE's four terminals in Brazil, which are all expected to be operational in 2022.

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NFE New Fortress Energy
$38.07 /

+0.02 (+0.05%)

NFE New Fortress Energy
$38.07 /

+0.02 (+0.05%)

05/13/21 Morgan Stanley
New Fortress Energy resumed with an Overweight at Morgan Stanley
03/16/21 Stifel
New Fortress Energy upgraded to Buy from Hold at Stifel
01/26/21 Credit Suisse
New Fortress Energy price target raised to $50 from $37 at Credit Suisse
01/15/21 Evercore ISI
New Fortress Energy price target raised to $67 from $53 at Evercore ISI
NFE New Fortress Energy
$38.07 /

+0.02 (+0.05%)

  • 16
    Dec
NFE New Fortress Energy
$38.07 /

+0.02 (+0.05%)

Over a month ago
Initiation
New Fortress Energy resumed with an Overweight at Morgan Stanley » 07:08
05/13/21
05/13
07:08
05/13/21
07:08
NFE

New Fortress Energy

$37.34 /

-1.49 (-3.84%)

Morgan Stanley analyst…

Morgan Stanley analyst Devin McDermott resumed coverage of New Fortress Energy with an Overweight rating and $55 price target following the closings of the acquisitions of LNG companies Hygo and GMLP. He sees the Hygo transaction as a significant strategic step that opens up access to the "vast" Brazilian power and downstream markets, while he thinks the acquisition of GMLP should fill the company's shipping and storage terminal needs, McDermott tells investors.

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NFE New Fortress Energy
$37.34 /

-1.49 (-3.84%)

NFE New Fortress Energy
$37.34 /

-1.49 (-3.84%)

03/16/21 Stifel
New Fortress Energy upgraded to Buy from Hold at Stifel
01/26/21 Credit Suisse
New Fortress Energy price target raised to $50 from $37 at Credit Suisse
01/15/21 Evercore ISI
New Fortress Energy price target raised to $67 from $53 at Evercore ISI
01/14/21 JMP Securities
New Fortress Energy price target raised to $69 from $45 at JMP Securities
NFE New Fortress Energy
$37.34 /

-1.49 (-3.84%)

  • 16
    Dec
NFE New Fortress Energy
$37.34 /

-1.49 (-3.84%)

Earnings
New Fortress Energy reports Q1 EPS (21c), consensus 0c » 05:20
05/07/21
05/07
05:20
05/07/21
05:20
NFE

New Fortress Energy

$40.62 /

-1.35 (-3.22%)

Reports Q1 revenue…

Reports Q1 revenue $145.68M, consensus $162.46M. Average daily volumes sold in Q1 were approximately 1.4M GPD. Operating Margin decreased by $28.1M in Q1 vs Q4 2020.

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NFE New Fortress Energy
$40.62 /

-1.35 (-3.22%)

NFE New Fortress Energy
$40.62 /

-1.35 (-3.22%)

03/16/21 Stifel
New Fortress Energy upgraded to Buy from Hold at Stifel
01/26/21 Credit Suisse
New Fortress Energy price target raised to $50 from $37 at Credit Suisse
01/15/21 Evercore ISI
New Fortress Energy price target raised to $67 from $53 at Evercore ISI
01/14/21 JMP Securities
New Fortress Energy price target raised to $69 from $45 at JMP Securities
NFE New Fortress Energy
$40.62 /

-1.35 (-3.22%)

  • 16
    Dec
NFE New Fortress Energy
$40.62 /

-1.35 (-3.22%)

Over a quarter ago
Conference/Events
New Fortress Energy to hold an investor update conference call » 09:55
04/16/21
04/16
09:55
04/16/21
09:55
GMLP

Golar LNG Partners

$3.54 /

+ (+0.00%)

, NFE

New Fortress Energy

$45.30 /

+0.67 (+1.50%)

Conference call to…

Conference call to discuss the acquisition of Hydro Energy Transition and Golar LNG Partners will be held on April 16 at 10 am. Webcast Link

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NFE New Fortress Energy
$45.30 /

+0.67 (+1.50%)

GMLP Golar LNG Partners
$3.54 /

+ (+0.00%)

GMLP Golar LNG Partners
$3.54 /

+ (+0.00%)

02/26/21 B. Riley
Golar LNG Partners downgraded to Sell from Neutral at B. Riley Securities
01/29/21 Jefferies
Golar LNG Partners downgraded to Hold on valuation at Jefferies
01/29/21 Jefferies
Golar LNG Partners downgraded to Hold from Buy at Jefferies
01/15/21 Evercore ISI
New Fortress Energy price target raised to $67 from $53 at Evercore ISI
NFE New Fortress Energy
$45.30 /

+0.67 (+1.50%)

03/16/21 Stifel
New Fortress Energy upgraded to Buy from Hold at Stifel
01/26/21 Credit Suisse
New Fortress Energy price target raised to $50 from $37 at Credit Suisse
01/14/21 JMP Securities
New Fortress Energy price target raised to $69 from $45 at JMP Securities
NFE New Fortress Energy
$45.30 /

+0.67 (+1.50%)

GMLP Golar LNG Partners
$3.54 /

+ (+0.00%)

  • 16
    Dec
NFE New Fortress Energy
$45.30 /

+0.67 (+1.50%)

GMLP Golar LNG Partners
$3.54 /

+ (+0.00%)

Conference/Events
New Fortress Energy to hold an investor update conference call » 08:52
04/16/21
04/16
08:52
04/16/21
08:52
GMLP

Golar LNG Partners

$3.54 /

+0.005 (+0.14%)

, NFE

New Fortress Energy

$44.63 /

-2.42 (-5.14%)

Conference call to…

Conference call to discuss the acquisition of Hydro Energy Transition and Golar LNG Partners will be held on April 16 at 10 am. Webcast Link

ShowHide Related Items >><<
NFE New Fortress Energy
$44.63 /

-2.42 (-5.14%)

GMLP Golar LNG Partners
$3.54 /

+0.005 (+0.14%)

GMLP Golar LNG Partners
$3.54 /

+0.005 (+0.14%)

02/26/21 B. Riley
Golar LNG Partners downgraded to Sell from Neutral at B. Riley Securities
01/29/21 Jefferies
Golar LNG Partners downgraded to Hold on valuation at Jefferies
01/29/21 Jefferies
Golar LNG Partners downgraded to Hold from Buy at Jefferies
01/15/21 Evercore ISI
New Fortress Energy price target raised to $67 from $53 at Evercore ISI
NFE New Fortress Energy
$44.63 /

-2.42 (-5.14%)

03/16/21 Stifel
New Fortress Energy upgraded to Buy from Hold at Stifel
01/26/21 Credit Suisse
New Fortress Energy price target raised to $50 from $37 at Credit Suisse
01/14/21 JMP Securities
New Fortress Energy price target raised to $69 from $45 at JMP Securities
NFE New Fortress Energy
$44.63 /

-2.42 (-5.14%)

GMLP Golar LNG Partners
$3.54 /

+0.005 (+0.14%)

  • 16
    Dec
NFE New Fortress Energy
$44.63 /

-2.42 (-5.14%)

GMLP Golar LNG Partners
$3.54 /

+0.005 (+0.14%)

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