Added to YB: 2025-11-18
Pitch date: 2025-11-14
NFE [neutral]
New Fortress Energy Inc.
+21.15%
current return
Author Info
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Company Info
New Fortress Energy Inc. operates as an integrated gas-to-power energy infrastructure company that provides energy and development services to end-users worldwide.
Market Cap
$298.8M
Pitch Price
$1.04
Price Target
N/A
Dividend
N/A
EV/EBITDA
15.73
P/E
-0.26
EV/Sales
4.64
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
New Fortress Energy: Capital Structure Arbitrage
NFE: Market-neutral strategy exploiting bond/equity mismatch - buy 2026 secured notes at 15¢/$1 + $1 puts for Jan'27. Debt trigger by mid-2026 forces recap/restructure. 31% return if survives (par+coupons), 28-35% if bankrupt (puts pay+recovery). $80 investment yields ~$105-108 either way. Risk: timing if bankruptcy drags past put expiry.
Read full article (2 min)