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New Fortress Energy Inc. (NFE)

NASDAQ: NFE · IEX Real-Time Price · USD
25.16
-1.57 (-5.87%)
At close: Nov 26, 2021 1:00 PM
25.10
-0.06 (-0.24%)
After-hours:Nov 26, 2021 3:33 PM EST
Market Cap5.20B
Revenue (ttm)819.88M
Net Income (ttm)-53.58M
Shares Out206.86M
EPS (ttm)-0.28
PE Ration/a
Forward PE15.85
Dividend$0.40 (1.59%)
Ex-Dividend DateDec 6, 2021
Volume856,759
Open27.99
Previous Close26.73
Day's Range24.37 - 25.45
52-Week Range23.80 - 65.90
Beta1.57
AnalystsBuy
Price Target52.64 (+109.2%)
Earnings DateNov 3, 2021

About NFE

New Fortress Energy Inc. operates as an integrated gas-to-power infrastructure company, provides energy and development services to end-users worldwide. The company engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation. It also supplies LNG. The company operates LNG storage and regasification facility at the Port of Montego Bay, Jamaica; marine LNG storage and regasification facility in Old Harbour, Jamaica; and landed micro-fuel handling...

IndustryOil, Gas & Consumable Fuels
IPO DateJan 31, 2019
Employees231
Stock ExchangeNASDAQ
Ticker SymbolNFE
Full Company Profile

Financial Performance

In 2020, NFE's revenue was $451.65 million, an increase of 138.81% compared to the previous year's $189.13 million. Losses were -$182.15 million, 438.8% more than in 2019.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for NFE stock is "Buy." The 12-month stock price forecast is 52.64, which is an increase of 109.22% from the latest price.

Price Target
$52.64
(109.22% upside)
Analyst Consensus: Buy

News

New Fortress Energy Announces Credit Rating Upgrade by S&P Global Ratings

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) today announced that S&P Global Ratings (“S&P”) has upgraded NFE's issuer credit rating to ‘BB-'/Stable Outlook...

5 days ago - Business Wire

New Fortress Energy Announces Third Quarter 2021 Results and Declares Dividend of $0.10 per Class A Common Share

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) today reported its financial results for the third quarter ending September 30, 2021. Third Quarter Highlights ...

3 weeks ago - Business Wire

New Fortress Energy (NFE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

New Fortress Energy (NFE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

Golar LNG Partners LP Series A Preferred Cash Distribution

NEW YORK--(BUSINESS WIRE)--Golar LNG Partners LP, an indirect subsidiary of New Fortress Energy Inc. (NASDAQ: NFE), has declared a cash distribution of $0.546875 per unit of 8.75% Series A Cumulative Re...

1 month ago - Business Wire

New Fortress Energy Inc. Schedules Third Quarter 2021 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the "Company") plans to announce its financial results for the third quarter 2021 prior to 8:00 A.M. Eastern Time on Wednesday, Novembe...

1 month ago - Business Wire

Why New Fortress Energy Stock Is Soaring Today

The clean energy infrastructure company gave investors some great news.

1 month ago - The Motley Fool

New Strong Sell Stocks for October 7th

BE, ACMR, GPOR, NFE, and MGLN have been added to the Zacks Rank #5 (Strong Sell) List on October 7, 2021

Other symbols:ACMRBEGPORMGLN
1 month ago - Zacks Investment Research

New Fortress Energy Inc. Schedules Investor Update Conference Call

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) announced today that management will host an investor update conference call on October 7, 2021 at 9:00am Eastern Time. All interested p...

1 month ago - Business Wire

New Fortress Energy Announces $725 Million Shipping Term Loan Facility

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“New Fortress” or the “Company”) announced today that it has executed a term loan facility secured by eight Company vessels (the “Shipp...

2 months ago - Business Wire

New Fortress Energy Finalizes Contract with Government of Sri Lanka for LNG Terminal, Investment into 310 MW Yugadana...

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“New Fortress”) and The Government of the Democratic Socialist Republic of Sri Lanka (“GOSL”) jointly announced today that they have ex...

2 months ago - Business Wire

NFE and Hydro Finalize Definitive Commercial Terms for Natural Gas Supply to the Alunorte Alumina Refinery in the Sta...

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) announced today that it has executed definitive commercial terms with a subsidiary of Norsk Hydro ASA (“Hydro”) to supply natura...

2 months ago - Business Wire

Thursday Afternoon Analyst Upgrades and Downgrades: Apple, AutoDesk and More

With the trading day more than halfway over, the broad markets made another comeback from the open, similar to Wednesday, but can they hold it today?

Other symbols:AAPLADSKAPLSBZHXPER
3 months ago - 24/7 Wall Street

3 Stocks Insiders Are Buying

When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock.

Other symbols:DEIPSN
3 months ago - Benzinga

New Fortress Energy Signs Agreements with Unigel to Provide Natural Gas to Fertilizer Plants in the States of Sergipe...

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) announced today that it has executed two Gas Supply Agreements (“GSA”) with subsidiaries of Unigel Participações (“Unigel”) to s...

3 months ago - Business Wire

Golar LNG Partners LP Series A Preferred Cash Distribution

NEW YORK--(BUSINESS WIRE)--Golar LNG Partners LP, an indirect subsidiary of New Fortress Energy Inc. (NASDAQ: NFE), has declared a cash distribution of $0.546875 per unit of 8.75% Series A Cumulative Re...

3 months ago - Business Wire

New Fortress Energy Announces Second Quarter 2021 Results and Reaffirms Dividend of $0.10 per Class A Common Share

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) today reported its financial results for the second quarter ending June 30, 2021. Second Quarter Highlights Com...

3 months ago - Business Wire

New Fortress Energy (NFE) Earnings Expected to Grow: Should You Buy?

New Fortress Energy (NFE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 months ago - Zacks Investment Research

New Fortress Energy Commences Operations in Baja California Sur

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) announced today that its liquefied natural gas (LNG) terminal (the “Terminal”) in the port of Pichilingue, Baja California Sur, ...

4 months ago - Business Wire

New Fortress Energy Inc. Schedules Investor Update Conference Call

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ:NFE) (the "Company") announced today that management will host an investor update conference call on Wednesday, July 21, 2021 at 11:00 A.M. Ea...

4 months ago - Business Wire

New Fortress Energy to Develop New 350 MW Power Plant in Sri Lanka

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“New Fortress”) announced today that it has signed a Memorandum of Understanding (MOU) with Lakdhanavi Limited (LTL), a private company...

4 months ago - Business Wire

New Fortress Energy and Government of Sri Lanka Sign Agreement for LNG Terminal and Gas Supply to Power Plants

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“New Fortress”) announced today that it has signed a Framework Agreement (the “Agreement”) with the Government of Sri Lanka to construc...

4 months ago - Business Wire

New Fortress Energy Secures LNG Supply Through 2027

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) announced today that it has reached an agreement for liquefied natural gas (LNG) supply that will cover the remaining volumes fo...

4 months ago - Business Wire

New Fortress Energy Inc. Schedules Second Quarter 2021 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the "Company") plans to announce its financial results for the second quarter 2021 prior to 8:00 A.M. Eastern Time on Thursday, August ...

4 months ago - Business Wire

Sagicor Group Jamaica Finances Sale and Leaseback of New Fortress Energy's Clarendon Power Plant

KINGSTON, Jamaica--(BUSINESS WIRE)--Sagicor Group Jamaica has announced that it will be structuring a US$285 million sale and leaseback of the combined heat and power plant in Clarendon owned by New For...

5 months ago - Business Wire

7 High Quality Industrial Stocks to Buy Now

As the broader economy begins to streatch its legs again, this is the ideal time to start looking at industrial stocks. The post 7 High Quality Industrial Stocks to Buy Now appeared first on InvestorPlace.

Other symbols:BKRDCPDYHALMTZPWR
6 months ago - InvestorPlace