NFE Price Prediction Next Week
Analysis and Insights
News and Fundamental Analysis:
New Fortress Energy (NFE) has shown mixed signals recently. The stock surged 20.63% last week due to a weaker dollar and strong Chinese economic data, but analysts have lowered price targets, with Stifel reducing it to $16 and Deutsche Bank to $8, indicating bearish sentiment.
Technical Analysis:
- RSI (14): 54.72, neutral, not overbought or oversold.
- MACD: Slightly negative, suggesting bearish momentum.
- SMA: Trading above 20-day SMA but below 50 and 200-day SMAs, indicating a mixed trend.
- Fibonacci Levels: Pivot at 9.52, resistance at 10.95 and 11.84.
Price Prediction and Recommendation:
The stock is expected to trade between $9.52 and $12.70 next week. Given the mixed signals and resistance levels, the recommendation is to sell NFE, especially if it approaches resistance without strong fundamentals.
NFE Similar Chart Price Prediction
The price of NFE is predicted to go up 5.53%, based on the high correlation periods with FLO. The similarity of these two price pattern on the periods is 93.37%.
NFE
FLO
Up: 5.53%Similarity: 93.37%
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
2025-03-04
Price Target
$23 → $19
Upside
+94.87%
Stifel lowered the firm's price target on New Fortress Energy to $19 from $23 and keeps a Buy rating on the shares. The firm lowered 2025 estimates as management reduced guidance, though it believes the equity should be de-risked, providing significant upside as catalysts materialize over the coming months. However, admittedly, there is "material execution risk," the analyst added.
Devin McDermott
Morgan Stanley
Hold
2025-03-04
Price Target
$15 → $14
Upside
+43.59%
Benjamin Nolan
Stifel
Strong Buy
2024-12-23
Price Target
$16 → $17
Upside
+16.76%
