Added to YB: 2024-12-02
Pitch date: 2024-11-29
NFE [bullish]
New Fortress Energy Inc.
+11.78%
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
$2.6B
Pitch Price
$10.70
Price Target
N/A
Dividend
32.95%
Sector
Oil, Gas and Consumable Fuels
Category
growth
Idea: New Fortress Energy (NFE US)
NFE: $11B EV gas-to-power co. FLNG1 operational, FLNG2/3 coming 2025. Strategic split planned. Asset sales ($500M+) improving liquidity. $8B debt (9x EBITDA), seeking $2.5B financing. FEMA settlement ($659M) pending. Risks: high leverage, permitting delays. Catalysts: FLNG ramp-up, split execution, FEMA resolution. 2025E EBITDA $1.325B.
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