NFE - New Fortress Energy LLC

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
15.62
+0.26 (+1.69%)
At close: 4:00PM EST
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Previous Close15.36
Open15.44
Bid15.63 x 2200
Ask17.22 x 1100
Day's Range15.30 - 15.70
52 Week Range8.90 - 19.50
Volume42,540
Avg. Volume88,382
Market Cap2.623B
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-1.93
Earnings DateNov 10, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est21.22
  • Financial Times

    Trump administration nears decision on LNG shipping by train

    The US’s rich supply of natural gas may soon be transported by train, enabling energy shippers to sidestep congested pipelines in parts of the country. The federal government intends to allow liquefied natural gas (LNG) to be loaded on to rail tank cars and moved across the nation’s railway network, with the deadline for public comments on the proposal set for Monday. Condensing gas into a liquid and carrying it by train is a potential alternative, executives say.

  • GlobeNewswire

    Certain Funds and Accounts Managed by Affiliates of Apollo Global Management, Inc. Provide $800 Million Term Loan Commitments to New Fortress Energy LLC

    NEW YORK, Jan. 13, 2020 -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today announced that certain funds and accounts.

  • Business Wire

    New Fortress Energy Announces $800 Million Term Loan Facility

    New Fortress Energy LLC (NASDAQ: NFE) ("New Fortress" or the "Company") announced today that it has executed a fully committed $800 million term loan facility (the "Term Loan Facility") provided by certain funds and accounts managed by affiliates of Apollo Global Management, Inc. (together with its consolidated subsidiaries, "Apollo") (NYSE: APO).

  • Here is What Hedge Funds Think About New Fortress Energy LLC (NFE)
    Insider Monkey

    Here is What Hedge Funds Think About New Fortress Energy LLC (NFE)

    After several tireless days we have finished crunching the numbers from nearly 750 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms' equity portfolios as of September 30th. The results of that effort will be put on display in this article, as […]

  • Benzinga

    Federal Agency Approves Permit To Transport Liquefied Natural Gas Via Rail

    The Pipeline and Hazardous Materials Safety Administration (PHMSA) has granted a special permit to Energy Transport Solutions (ETS) to haul liquified natural gas (LNG) by rail, stoking objections by some members of Congress who have expressed concerns over safety.

  • Independent Director C. Griffin Just Bought Shares In New Fortress Energy LLC (NASDAQ:NFE)
    Simply Wall St.

    Independent Director C. Griffin Just Bought Shares In New Fortress Energy LLC (NASDAQ:NFE)

    Potential New Fortress Energy LLC (NASDAQ:NFE) shareholders may wish to note that the Independent Director, C...

  • Business Wire

    New Fortress Energy Announces Third Quarter 2019 Results

    New Fortress Energy LLC today reported its financial results for the third quarter ending September 30, 2019.

  • Earnings: 3 ‘Strong Buy’ Stocks to Watch Monday
    TipRanks

    Earnings: 3 ‘Strong Buy’ Stocks to Watch Monday

    Earnings season is in full swing, and investors are busy parsing the reports to pinpoint compelling investments. But finding the right investment requires data – how is the stock performing, and how has it performed over time; what macroeconomic events are impacting the stock; what are Wall Street’s analysts saying about it?In short, there’s an enormous amount of data out there to mull over and deciphering it all can be intimidating to say the least. That’s where TipRanks.com comes in. TipRanks uses natural language algorithms to sift through the market data and analyst reports on over 5,500 publicly traded stocks, to cut through the confusion and present a clear picture for investors. This allows investors to see at a glance which stocks are considered Strong Buys, which are trending up or down, and the success rate of the analysts’ recommendations.So, let’s take a dive into the market data on three stocks that went public in the last 12 months, which the analysts see as buying propositions, and all report earnings on Monday.Tencent Music Entertainment Group (TME)We’ve all heard of Tencent, the $45 billion Chinese tech-holding company, with its fist in a wide range of internet-related services. Tencent is one of the world’s largest social media companies, and the absolute largest gaming company. But today, we’re talking music. Tencent Music is a spinoff of the parent company and a joint venture with Spotify. The joint company offers several music streaming apps in the Chinese market, attracting more than 700 million users and 120 million paying subscribers. TME IPO’d in December of 2018 and gained 9% in its first day of trading.The numbers underscore an important fact about the world’s internet markets: China is underappreciated. Just because government policy keeps the Chinese market mostly closed to Western reach, it doesn’t mean that Chinese internet companies should be ignored. China is home to 1.4 billion people, about 18% of the world’s population. It’s a huge market, rapidly urbanizing and gaining wealth, with a ravenous demand for digital products.All of this explains TME’s Q2 performance. The company added over 2.5 million users, saw revenues make a double-digit gain to $859 million, and beat the EPS forecast with 10 cents per share. It was a strong performance, and the forecast for tomorrow is in-line with it. EPS is expected to remain stable, at 9 cents (the same forecast which was beaten in Q2), while revenues are expected to rise to $909.7 million.Analysts are impressed with Tencent Music. Bo Pei, of Oppenheimer, writes, “Despite being the largest digital music platform in China, TME is still in the early stage of monetization with a subscription paying ratio (4.8%) substantially lower than that of global peers, which provides it with plenty of growth opportunity… TME is investing to build its exclusive content library... In the long-term, we see TME as an industry integrator with clear strategic vision.” Bo gives TME a $17 price target, suggesting a 21% upside. (To watch Pei’s track record, click here) Alex Yao, a 4-star analyst with JPMorgan, is also bullish on China’s largest music streaming company. He says looking forward, “We believe such a strong net adds momentum will persist into coming quarters as the strategy is replicable and under management control. We expect TME’s music sub net adds acceleration to ease investor concern on music monetization and it should drive share price upside potential.” His $18 price target implies room for a 28% upside to the stock. (To watch Yao’s track record, click here)  Overall, TME’s Strong Buy consensus rating is based on 3 Buys and 1 Hold given in the last three months. The stock trades for $14, making it a bargain considering the upside, and the average price target of $16.75 indicates 19% upside potential. (See Tencent Music stock analysis on TipRanks)    New Fortress Energy LLC (NFE)In the industrialized West, we take electricity for granted. But New Fortress Energy reminds us that power is expensive, and large parts of the world do not have reliable electrical energy services. NFE aims to change that. In practice, NFE’s commitment to providing reliable energy has made the company the “go-to” player in North America’s natural gas industry. From converting power plants to run on cleaner-burning fuel, to building LNG import facilities, to growing its presence as a mid-stream player in the gas market, NFE has a well-established footprint in the natural gas industry.While it’s a small company with a market cap of $2.8 billion, NFE is ambitious and focused on expansion. In Q2, the company secured financing for $180 million, allocated to the completion of the Jamalca CHP plant in Jamaica. The new credit deal, along with some $250 million the company has in cash-on-hand, should allow the project to finish on time. Another fuel handling facility is expected to go on-line in Puerto Rico during the fourth quarter.Revenues in Q2 were up from $26 million to $39.8 million, although the company is still operating at a net loss. For Q3, expectations are for the loss to reach 23 cents per share. Despite the losses, future prospects for the company are bullish. BTIG analyst Gregory Lewis lays out the details: “The company has positioned itself to benefit from the on-going secular natural gas demand story which is being driven by cheap and abundant natural gas in North America, and increasing demand for reliable and cleaner power in emerging countries. At its core, NFE is an infrastructure company with a number of LNG import terminals already in the Caribbean and plans to build another four terminals around the world in the medium term.” Lewis gives NFE a $30 price target, suggesting an upside of 80%. (To watch Lewis’ track record, click here) Lewis’ outlook on the stock is somewhat more bullish than the average. NFE has a Strong Buy consensus rating, based on 4 Buys and 1 Hold. The average price target, $22.80, implies an upside potential of 36%. (See New Fortress Energy stock analysis on TipRanks) Village Farms International, Inc. (VFF)With VFF, we get into the world of cannabis. Specifically, the world of newly legalized cannabis markets. Village Farms International started out as a producer of year-round, high-quality, greenhouse vegetable – tomatoes, cucumber, peppers – in the North American market. With the legalization of cannabis in Canada and hemp in the US, the company has moved into the new market, seeing it as a way to break free of the produce sector’s traditionally low margins.Since entering the cannabis market, VFF has expanded marijuana production, and is looking at developing an annual capacity of 150,000 kilograms. This comes at the cost of reducing the legacy produce, but the company accepts that as the price of profitability. At the same time, the produce legacy has set VFF up with a network of greenhouses and experienced agriculturists.In Q2, the results showed in the Canadian cannabis company’s margins. The cost of growing came in at just 49 cents per gram, while the company was able to sell product at $3 per gram – an 83% gain. In addition to Canadian cannabis, VFF is expanding into hemp production in the US, taking advantage of the 2018 Farm Bill that legalized hemp at the Federal level and created a market for hemp-derived CBD extracts. Village Farms expects to enter the CBD market next year.Roth Capital analyst Scott Fortune sees the potential in VFF. He writes, “VFF's cannabis opportunity through JV Pure Sun Farms (PSF) continues to remain robust as it executes on ramping production to 150,000 kg, expanding distribution to the large provinces, and gaining market share as the low-cost leader.” Fortune’s $29 price target implies an eye-popping upside of 226%. (To watch Fortune’s track record, click here) Bottom line – VFF is a small company, even compared to some of the other new cannabis companies. The market cap is just $437 million, but the company has the advantage of a legacy growing network from its original produce business. In the last three months, VFF has received 4 analyst reviews, and all were Buys. So, the consensus is unanimous: the stock is a Strong Buy. Shares are priced low at just $8.87, but the real story here is the upside potential: the average price target of $31.76 suggests room for a 258% upside. The whopping-high upside is typical of the new companies in the cannabis market, where the newly legal status has created wide-open avenues of opportunity. (See Village Farms stock analysis on TipRanks)

  • Business Wire

    New Fortress Energy LLC Schedules Third Quarter 2019 Earnings Release and Conference Call

    New Fortress Energy LLC plans to announce its financial results for the third quarter 2019 after the closing of the Nasdaq Stock Exchange on Monday, November 11, 2019.

  • New Fortress Energy LLC (NFE) Q2 2019 Earnings Call Transcript
    Motley Fool

    New Fortress Energy LLC (NFE) Q2 2019 Earnings Call Transcript

    NFE earnings call for the period ending June 30, 2019.

  • ACCESSWIRE

    New Fortress Energy LLC to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / August 13, 2019 / New Fortress Energy LLC (NASDAQ: NFE ) will be discussing their earnings results in their 2019 Second Quarter Earnings to be held on August 13, 2019 at 8:00 ...

  • When Will New Fortress Energy LLC (NASDAQ:NFE) Become Profitable?
    Simply Wall St.

    When Will New Fortress Energy LLC (NASDAQ:NFE) Become Profitable?

    New Fortress Energy LLC's (NASDAQ:NFE): New Fortress Energy LLC operates as an energy infrastructure company...

  • Benzinga

    Regulators Clearing The Tracks For Rail Shipments Of "Freedom Gas"

    A relative newcomer to the U.S. energy scene has received a preliminary nod from regulators to use an as-yet untapped transportation resource – rail tank cars – to move liquefied natural gas (LNG). New Fortress Energy (NASDAQ: NFE), which was founded in 2014 and went public in January 2019, applied for a special federal permit in 2017 through Energy Transport Solutions LLC (ETS), a logistics subsidiary, to use specialized cryogenic rail cars designed for supercooled liquids. The Pipeline and Hazardous Materials Safety Administration (PHMSA), an agency within the U.S. Department of Transportation (DOT), published an environmental assessment of the company's plans on June 6, and did not take issue with the ETS application.

  • 7 First-Half IPO Stocks That Will Falter in 2019’s Second Half
    InvestorPlace

    7 First-Half IPO Stocks That Will Falter in 2019’s Second Half

    Two consumer-facing IPO stocks have stood out for investors in the first six months of 2019. First, Beyond Meat (NASDAQ:BYND), the meatless burger taking the world by storm, went public on May 1 at $25 a share. Since then, it's gained 468% through June 13, and that's with a big two-day selloff on June 10 and June 11. The second IPO to turn heads is Revolve Group (NYSE:RVLV), the California online fashion retailer. It went public on June 6 at $18 a share. It's up 103% through June 13, an annualized total return of more than 5,000%. InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe odds of it delivering a 5,000% return in one year is slim to none. Will it be one of the IPO stocks from the first half of 2019 to falter most in the second half? It very well could be. * 7 High-Quality Cheap Stocks to Buy With $10 However, with 65 pricings through June 13, it's possible that other 2019 IPOs such as Lyft (NASDAQ:LYFT) and Uber (NYSE:UBER) could also fit the bill. New Fortress Energy (NFE)Source: Shutterstock New Fortress Energy (NASDAQ:NFE) went public on January 30 at $14 a share selling $280 million of its stock. It lost 6.6% on its first day of trading and is down 31% through June 13. New Fortress takes diesel and heavy fuel oil and turns it into natural gas or gas-fired power. It sells these two items to customers who sign long-term, take-or-pay contracts. Utilizing an integrated liquid natural gas (LNG) production and delivery model, it plans to take advantage of the gap that exists between the supply and demand of LNG. New Energy Holdings is controlled by Fortress Investment co-CEO Wes Edens, a 57-year-old billionaire who owns a piece of both the Milwaukee Bucks and Aston Villa in the Premier League. Edens believes that U.S. natural gas exports to countries that have historically relied on oil imports to generate power are a winning proposition, which is why he co-founded it in 2014 and took it public in January. New Energy lost $36.5 million in the nine months ended September 30, 2018, 164% higher than its operating loss in the same period a year earlier. To be successful, it's going to burn through a lot of capital. I don't see it going well. However, he's a billionaire and I'm not, so you never know. Gossamer Bio (GOSS)Source: Shutterstock Gossamer Bio (NASDAQ:GOSS) went public on February 7 at $16 a share selling $276 million of its stock. It gained 12.1% on its first day of trading and is up 19% through June 13. The company, according to its prospectus, is "a clinical-stage biopharmaceutical company focused on discovering, acquiring, developing and commercializing therapeutics in the disease areas of immunology, inflammation and oncology. Our goal is to be an industry leader in each of these therapeutic areas and to enhance and extend the lives of patients suffering from such diseases."It's an admirable goal to be sure. Gossamer Bio initially expected to sell 14.4 million shares. However, serious interest from investors upped the number of shares sold to 17.3 million. It was the second biotech company of 2019 to go public at a valuation of more than $1 billion. In 2018, 58 biotechs went public, and only five were able to achieve a "unicorn" valuation. Gossamer is using the net proceeds to advance its best potential commercial drug -- GB001 is a treatment for asthma -- which is in Phase 2b clinical trials.In its first quarter as a public company, Gossamer Bio had no revenue and $34.0 million in operating expenses, compared to no revenue and $26.1 million in operating expenses in the same period a year earlier. * 6 Growth Stocks That Could Be the Next Big Thing Wouldn't it be wiser to invest in a biotech ETF or profitable biotech company than this IPO stock? Levi Strauss & Co. (LEVI)Source: Shutterstock Levi Strauss & Co (NYSE:LEVI) went public on March 20 at $17 a share selling $623 million of its stock. It gained 31.8% on its first day of trading but has since given some of those gains back, up 21% through June 13. In March, before Levi Strauss going public, I suggested seven reasons why investors should steer clear of its IPO. LEVI stock has made me look silly through the first three months as a public company. CEO Chip Bergh acknowledged that its growth was broad-based across channels and regions. However, I'm not about to change my tune despite the fact the maker of jeans had a good quarterly report with revenues of $1.44 billion, 7% higher than a year earlier, and adjusted net income of $151 million, 81% higher than the same quarter a year earlier. Of the $623 million in shares sold to the public, most were by selling shareholders; only $121 million in net proceeds went to the company. Frankly, with the company planning to open almost 100 stores in 2019, I could see its debt situation getting worse. It finished the first quarter with net debt of $319.2 million, $20 million less than at the end of November. The company has $500 million in fixed-rate debt at 5.0% interest and $542 million in fixed-rate debt at 3.375% interest. All due in 2024 and beyond. A retail company as iconic as Levi Strauss should not have any debt on its books -- even if it technically a recent IPO stock. Tradeweb (TW)Source: Shutterstock Tradeweb Markets (NASDAQ:TW) went public on April 3 at $27 a share selling $1.08 billion of its stock. It gained 32.6% on its first day of trading and is up 58% through June 13.Tradeweb operates electronic marketplaces for asset managers, hedge funds, insurance companies, and many other large financial institutions to trade various asset classes including equities, credit, and money markets. It has more than 2,500 clients operating in 62 countries around the world. Refinitiv, a company owned 45% by Thomson Reuters (NYSE:TRI) and 55% by Blackstone Group (NYSE:BX), owns just less than 70% of Tradeweb. On May 8, Tradeweb announced solid Q1 2019 earnings with revenues up 10.2% to $186.8 million on adjusted net income of $52.2 million. Except for its market data segment, all areas of its business had double-digit revenue gains in the quarter. * 3 Hot Trades for 3 Spicy IPO Stocks With zero debt and $362 million in cash on the balance sheet, I don't believe there's anything wrong with Tradeweb's business. I just feel like it's overvalued at 35 times cash flow and 46 times forward earnings. Luckin (LK)Source: Shutterstock Luckin Coffee (NASDAQ:LK) went public on May 16 at $17 a share selling $561 million of its stock. It gained 19.9% on its first day of trading; it's up 7.0% through June 13.Of all the IPO stocks on this list, Luckin is the one I'd be most wary of -- primarily because it's trying to steal Starbucks' (NASDAQ:SBUX) thunder in China. Also, the coffee market in China continues to see new, larger entrants like Restaurant Brands International's (NYSE:QSR) Tim Hortons and others, enter the scene, making it doubly hard for Luckin to become profitable. It's important to remember that Luckin is less than two years old. Going public with a valuation over $5 billion, that's pretty rich for a company that lost $238 million in 2018 on just $125 million in revenue. If Luckin operated in South Africa, not China, would you still be enthusiastic about investing in a coffee business that loses $2 for every $1 of revenue?I highly doubt it. Revolve Group (RVLV)Source: Shutterstock Revolve Group, as I stated in the beginning, went public on June 6 at $18 a share. Despite doubling in price, it continues to receive a lot of positive attention from Wall Street professionals. On June 7, Citron Research tweeted that it expects to see Revolve stock hit $50 because of its use of technology and social media to acquire new customers profitably. Citron estimates that Revolve spends $100 to bring in $300 in revenue, a sign that it's got significant growth ahead of it. On June 12, Jim Cramer of CNBC jumped into the fray, suggesting that RVLG ought to be on investors' shopping list. "They've been consistently turning a profit for years now. This is not your typical red-hot IPO that's all about revenue growth with no concern for earnings," Cramer said on Mad Money. "The only negative is that their margins took a little hit in the first quarter, but that's because they rolled out their new, lower-price concept Superdown."If you look at Revolve's prospectus, it's easy to see what Cramer means. In 2018, Revolve had an operating profit of $41.8 million, about double its operating profit from a year earlier, on $498.7 million in revenue. That's an operating margin of 8.4%, 330 basis points higher than in 2017. With more than $30 million in cash at the end of March and zero debt along with a portfolio of 21 of its own brands, innovation seems to be Revolve's calling card. * 5 Great Dividend Stocks to Buy From the Tech Sector However, with a $2.7 billion market cap, investors are paying 84 times cash flow. By comparison, you can get Lululemon (NASDAQ:LULU) for 31 times cash flow despite the fact it's up 41% year to date through June 12. Beyond Meat (BYND)Source: Shutterstock Beyond Meat is a great product. I've eaten its burgers both at restaurants and at home. Every time's been an enjoyable, tasteful experience. So, you won't get any complaints from me about the quality. Long term, I can see it becoming huge. However, when you have no analysts recommending its stock, you know it's a valuation bubble just ready to pop. On June 12, Bernstein downgraded Beyond Meat from outperform to market perform with a $123 target price. Eight analysts are covering its stock at the moment with all eight giving BYND a hold. "The downgrade is driven by valuation considerations as the stock has traded in a highly volatile manner since its IPO likely due to its limited public float and is now trading at ~31x EV/NTM Sales, implying limited upside potential from a valuation perspective," wrote Bernstein's Alexia Howard.Like several of the stocks on this list, I believe that its stock can be bought later this year or early in 2020 at a much better entry point. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post 7 First-Half IPO Stocks That Will Falter in 2019a€™s Second Half appeared first on InvestorPlace.

  • Business Wire

    New Fortress Energy Signs MOU With Angolan Ministries To Advance Natural Gas Infrastructure

    New Fortress Energy LLC (NFE) (“New Fortress” or the “Company”) announced today that it has signed a memorandum of understanding (MOU) with the Angolan Ministry of Mineral Resources and Petroleum, Ministry of Energy and Water and Ministry of Finance for the development of a liquefied natural gas (LNG) terminal to supply natural gas to Angola for power generation.

  • New Fortress Energy LLC (NFE) Q1 2019 Earnings Conference Call Transcript
    Motley Fool

    New Fortress Energy LLC (NFE) Q1 2019 Earnings Conference Call Transcript

    NFE earnings call for the period ending March 31, 2019.

  • Business Wire

    New Fortress Energy Announces First Quarter 2019 Results

    New Fortress Energy LLC today reported its financial results for the first quarter ending March 31, 2019.

  • Why Earnings Season Could Be Great for New Fortress Energy (NFE)
    Zacks

    Why Earnings Season Could Be Great for New Fortress Energy (NFE)

    New Fortress Energy (NFE) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

  • How Financially Strong Is New Fortress Energy LLC (NASDAQ:NFE)?
    Simply Wall St.

    How Financially Strong Is New Fortress Energy LLC (NASDAQ:NFE)?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Investors are always looking for growth in small-cap stocks like New Fortress Energy LLC (NASDAQ:NFE...

  • Business Wire

    New Fortress Energy Schedules First Quarter 2019 Earnings Release and Conference Call

    New Fortress Energy LLC (NFE) announced today that it will release its first quarter financial results for the period ended March 31, 2019 on Wednesday, May 15, 2019, prior to the opening of the New York Stock Exchange. In addition, management will host a conference call on Wednesday, May 15, 2019 at 8:30 A.M. Eastern Time. A copy of the earnings release will be posted to the Investor Relations section of New Fortress Energy’s website, www.newfortressenergy.com.

  • GuruFocus.com

    Weekly CEO Buys Highlight

    Details the CEO buys of the following companies: New Fortress Energy LLC, EQT Corp, OPKO Health and Esperion Therapeutics

  • GuruFocus.com

    New Fortress Energy Llc (NFE) CEO Wesley R Edens Bought $2.1 million of Shares

    CEO of New Fortress Energy Llc (NASDAQ:NFE) Wesley R Edens bought 186,099 shares of NFE on 03/29/2019 at an average price of $11.29 a share.