Last Updated: 12 Oct 2024
Executive Summary
New Fortress Energy LLC (NFE) is a leading integrated gas-to-power infrastructure company with a market capitalization of $23.53 billion. The company's strong financial performance, including an EBITDA of $948.9 million and an EPS of $1.19, has attracted the attention of analysts, with three rating it as a Strong Buy and two as a Buy. NFE's current stock price of $9.36 is below its 52-week high of $39.26, providing a potential opportunity for investors.
Company Overview
New Fortress Energy provides energy and development services to end users globally. The company has a diversified portfolio of assets, including liquefied natural gas (LNG) terminals, power plants, and gas pipelines. NFE operates in various regions, including North America, South America, and the Caribbean.
Fundamental Analysis
NFE's financial performance has been impressive in recent quarters. The company's revenue grew by 11.49% year-over-year to $23.57 billion in the trailing twelve months. The gross profit margin stood at 10.3%, indicating a healthy level of profitability. NFE's profitability metrics, such as the return on assets and return on equity, are also within acceptable ranges.
Technical Analysis
NFE's stock price has been trending downward in recent months, but it has found support at the $9.36 level. The 50-day moving average is currently at $11.72, indicating that the stock may be oversold. The 200-day moving average is at $24.09, suggesting that the long-term trend is still positive.
Short Term Outlook
In the short term, NFE's stock price may continue to fluctuate within the $9.36 to $11.72 range. However, if the stock breaks above the 50-day moving average, it could signal a potential upside move.
Long Term Outlook
NFE's long-term outlook is positive. The company's strong financial performance and diversified portfolio of assets position it well to capitalize on the growing demand for natural gas. The company's expansion plans in new markets are also expected to drive growth in the coming years.
Analyst Recommendations
Analysts are generally bullish on NFE's stock. Three analysts have rated it as a Strong Buy, while two have rated it as a Buy. The average analyst target price is $19.07, which represents a potential upside of over 100% from the current stock price.
