New Fortress Energy (NFE)

• Market cap: $3.12B
• 1 day: 3.76%
• 5 days: 15.98%
• 1 month: 29.41%
• 3 months: 12.21%
• 6 months: -47.55%
• Year to date: -66.65%
• 1 year: -67.59%
• 5 years: -25.33%
• 10 years: -5.05%
• Sector: Utilities
• Industry: Natural Gas Distribution

About: New Fortress Energy is an integrated gas-to-power company. Its business model spans the entire production and delivery chain from natural gas procurement and liquefaction to logistics, shipping, terminals, and conversion or development of a natural gas-fired generation. It has invested in floating, liquefied natural gas vessels to both lower the cost of acquiring gas while securing a long-term supply for its terminals. Its segments include terminals and infrastructure, or T&I, and ships.

Employees: 713

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

52% more repeat investments, than reductions

Existing positions increased: 85 | Existing positions reduced: 56

2.88% less ownership

Funds ownership: 64.43% [Q2] → 61.56% (-2.88%) [Q3]

7% less funds holding

Funds holding: 229 [Q2] → 212 (-17) [Q3]

17% less funds holding in top 10

Funds holding in top 10: 6 [Q2] → 5 (-1) [Q3]

28% less first-time investments, than exits

New positions opened: 44 | Existing positions closed: 61

60% less capital invested

Capital invested by funds: $2.91B [Q2] → $1.15B (-$1.75B) [Q3]

76% less call options, than puts

Call options by funds: $23.7M | Put options by funds: $101M

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $15 21% upside
• Avg. target: $15 21% upside
• High target: $15 21% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Morgan Stanley Devin McDermott 24% 1-year accuracy 4 / 17 met price target	21% upside $15	Equal-Weight Downgraded	3 Oct 2024
BTIG Gregory Lewis 52% 1-year accuracy 12 / 23 met price target	21% upside $15	Buy Maintained	13 Sept 2024