New Fortress Energy is a liquefied natural gas (LNG) energy project developer and operator. Wes Edens, a billionaire American businessman, formed it in 2014, and it is affiliated with the New York-based investment management firm Fortress Investment Group LLC. The firm was building or running LNG projects in the United States, Jamaica, Mexico, Ireland, and Puerto Rico as of late 2018. On January 31, 2019, the firm went public, debuting on the NASDAQ and selling 20 million shares at $14 each.
The holding firm New Fortress Energy LLC acts as an integrated gas-to-power energy infrastructure enterprise. It finances, constructs, and runs natural gas infrastructure and logistics in order to provide fully integrated turnkey energy solutions that promote economic growth, improve environmental stewardship, and revolutionize local businesses and communities. Wesley R. Edens created the firm on February 25, 2014, and it is headquartered in New York, NY.
Prices
The closing stock price of New Fortress Energy LLC is $ 26.96, with a total market cap worth of $ 5.53 billion (44 million shares outstanding). New Fortress Energy LLC trades on the NASDAQ under the symbol NFE. In the last 24 hours, the price of New Fortress Energy LLC has increased by -4.79%. The stock price prediction for New Fortress Energy LLC is currently positive. The trailing twelve-month dividend rate for New Fortress Energy LLC is $0.398348 per share, with a dividend yield of 0.02%.
The market capitalization, or net value,of NFE is $5.57 billion. The company is worth $11.28 billion. The final earnings date was August 8, 2023, before the market opened. The forward PE ratio is 5.44, while the trailing PE ratio is 14.38. The return on equity (ROE) is 27.10%, while the return on invested capital (ROIC) is 6.80%. NFE generated $2.42 billion in revenue and $395.43 million in earnings in the previous year. The earnings per share were $1.89. In the previous 52 weeks, the stock price has dropped by -48.53%. The beta is 1.56, indicating that NFE’s price volatility has been higher than the market average. The average price target for NFE is $50.10, representing an 84.33% increase over the current price. “Strong Buy” is the consensus rating.
Analysis
On the Daily Chart:
- The Moving Averages Convergence Divergence (MACD) indicator for New Fortress Energy (NFE) is 0.08, indicating that New Fortress Energy is a Buy.
- The 20-Day exponential moving average for New Fortress Energy (NFE) is 28.19, and the share price is $27.18, making it a Buy.
- The 50-Day exponential moving average for New Fortress Energy (NFE) is 28.39, and the share price is $27.18, indicating a Sell.
On the Weekly Chart:
- The Moving Averages Convergence Divergence (MACD) indicator for New Fortress Energy (NFE) is -2.07, indicating that the stock is a sell.
- The 20-Day exponential moving average for New Fortress Energy (NFE) is 29.66, and the share price is $27.18, indicating a Sell.
- The 50-Day exponential moving average for New Fortress Energy (NFE) is 33.06, and the share price is $27.18, indicating a Sell.
Indicators:
- The Relative Strength Index (RSI) for New Fortress Energy (NFE) is 44.39, indicating a Neutral signal.
- The Trend Strength Indicator (ADX) for New Fortress Energy (NFE) is 26.78, indicating a Neutral signal.
- The Commodity Channel Index (CCI) for New Fortress Energy (NFE) is -26.50, indicating a Neutral signal.
- The Price Rate of Change (ROC) for New Fortress Energy (NFE) is -0.25, indicating a Sell signal.
Prediction
According to our current NFE stock projection, the value of New Fortress Energy LLC shares will climb by 4.05% by August 14, 2023, reaching $28.05 per share. Our technical indicators indicate that the present attitude is Bearish, with the Fear and Greed Index reading 39 (Fear). Over the previous 30 days, NFE stock had 16/30 (53%) green days and 2.95% price volatility. According to our New Fortress Energy LLC stock projection, now is an excellent time to purchase NFE stock because it is now trading 3.89% below our forecast.
Fortress Energy LLC Stock Forecast 2025
The New Fortress Energy LLC stock forecast for 2025 is now 71.27, assuming that New Fortress Energy LLC shares will continue to increase at the same average annual rate as in the previous ten years. The NFE stock price would rise by 164.42% as a result.
Stock Forecast for New Fortress Energy LLC in 2030
If New Fortress Energy LLC maintains its current 10-year average growth rate, its stock will be worth $810.36 in 2030. If our New Fortress Energy LLC stock forecast for 2030 comes true, NFE stock will increase by 2,906.35% from its present price.
