|Bid||13.96 x 1400|
|Ask||17.50 x 800|
|Day's Range||13.99 - 14.08|
|52 Week Range||12.90 - 14.26|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Stanley Druckenmiller (Trades, Portfolio), founder of Pittsburgh-based Duquesne Capital, disclosed he established a stake in New Fortress Energy LLC (NFE) on Jan. 31. Warning! GuruFocus has detected 1 Warning Sign with NFE.
CEO of New Fortress Energy Llc (NASDAQ:NFE) Wesley R Edens bought 2,500,000 shares of NFE on 02/04/2019 at an average price of $14 a share.
New Fortress Energy LLC has become the first operating company to go public this year, but the stock’s slump in its trading debut suggests investors are fully feeling the current winter chill.
While expectations of a banner IPO year might still be fulfilled, 2019 opened with the worst month since January 2016, thanks largely to the 35-day U.S. government shutdown. Only 60 IPOs priced globally, raising $2.7 billion, according to data compiled by Bloomberg. For U.S. exchanges, the picture was especially bleak with only six offerings raising a mere $373 million, compared with $6.2 billion a year ago.
were up 6.73% to $13.95 Friday, one day after the global energy infrastructure company made its Nasdaq debut. New Fortress Energy, the first IPO of the year, got off to a rough start on Thursday and closed at $13.07 a share, after going public at $14, $1 below its proposed price of $15. On Wednesday, the company announced the pricing of its initial public offering of 20 million Class A shares representing limited liability company interests in New Fortress at $14 a share.
New Fortress Energy LLC (NFE), an integrated gas-to-power company, rang the Nasdaq MarketSite bell in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market. New Fortress Energy is a New York City based company that seeks to use ‘stranded’ natural gas to satisfy the world’s large and growing power needs. “We founded New Fortress Energy to meet the growing demand for affordable, clean and reliable energy around the world,” said Wes Edens, Founder and CEO of New Fortress Energy. “Today’s listing on Nasdaq will support the growth of our fully integrated LNG infrastructure and logistics network.
Shares of natural gas and energy infrastructure company New Fortress Energy LLC fell 7% in their trading debut Thursday, after the company priced its initial public offering below its price range in the first full deal to price this year. The IPO market was shut during the recent government shutdown as regulators were not available to process filings. Earlier this week, two blank-check companies pushed out deals. Those companies have no set business line until the acquire one. New Fortress Energy priced its deal at $14 a share, below the $15 price it proposed in its most recent regulatory filing. The company sold 20 million shares to raise $280 million. Morgan Stanley, Barclays, Citigroup and Credit Suisse were lead bookrunners on the deal with Evercore, Allen & Col, JMP Securities and Stifel acting as co-managers. Proceeds of the deal will be used to complete the construction of facilities and for general corporate purposes.
New Fortress Energy LLC (NFE) (“New Fortress” or the “Company”) announced today that it has filed an amendment to its registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) in order to expedite the completion of its initial public offering as a result of the resumed operations by the SEC. The offering information is unchanged from the information contained in the amendment to the registration statement the Company filed on January 25, 2019, and reflects the proposed sale of 20,000,000 Class A shares at an initial public offering price of $15.00 per share.
New Fortress Energy LLC (NASDAQ:NFE) (“New Fortress” or the “Company”) announced today an initial public offering of 22,200,000 Class A shares representing limited liability company interests in New Fortress (the “Class A shares”), pursuant to a registration statement on Form S-1 (including a prospectus) previously filed with the Securities and Exchange Commission (the “SEC”). The current expected initial public offering price is between $17.00 and $19.00 per Class A share. In addition, New Fortress intends to grant the underwriters a 30-day option to purchase up to an additional 3,330,000 Class A shares at the initial public offering price, less underwriting discounts and commissions.