NFE Similar Chart Price Prediction
The price of NFE is predicted to go up -22.95%, based on the high correlation periods with CROX. The similarity of these two price pattern on the periods is 97.58%.
NFE
CROX
Down: -22.95%Similarity: 97.58%
NFE Revenue Forecast
NFE EPS Forecast
NFE FAQs
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NFE VS S&P500
New Fortress has a nascent hydrogen unit that might have substantial potential, and its value could be unlocked via a spinoff or sale.
The Fast LNG strategy offers material time savings and cost savings over traditional FLNG approaches, accruing more value for shareholders.
If New Fortress struggles to find further Fast LNG opportunities, other firms may wish to license the Fast LNG design for their own uses.
NFE Analyst's Forecast
Benjamin Nolan
Stifel
Strong Buy
2024-12-23
Price Target
$16 → $17
Upside
+16.76%
Stifel analyst Benjamin Nolan raised the firm's price target on New Fortress Energy to $17 from $16 and keeps a Buy rating on the shares. While there remains some execution risk, Stifel is increasingly convinced that the company is likely to sell all or most of the Jamaica operation for well north of $1B, significantly reducing leverage and capital costs, and the growth opportunity in Puerto Rico is finally accelerating, the analyst tells investors in a research note. As a result, there should be a significant ramp in cash flows over the next few years with very little capital investment, Stifel contends.
Devin McDermott
Morgan Stanley
Buy → Hold
2024-10-03
Price Target
$35 → $15
Upside
+66.11%
