New Fortress Energy: A Promising Prognosis

Fade The Market
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Summary

  • New Fortress Energy Inc.'s strong performance over the past year is summed up by its share price increase of over 73% and revenue growth of over 200% year-over-year.
  • The MRQ improvement in the balance sheet bodes well for New Fortress Energy's long-term viability.
  • I have a bullish outlook on New Fortress Energy stock because of the industry's bright future and the company's efforts to profit from the shortage of supplies.

Refinery blue collar worker standing by LPG pipeline and checking gas production or distribution.

Smederevac/iStock via Getty Images

Investment Thesis

New Fortress Energy Inc. (NASDAQ:NFE) is a gas-to-power infrastructure corporation that serves global end-users. It runs a storage and re-gasification facility for LNG. The company has performed incredibly well, outpacing the industry by a factor

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

This article was researched and written by January Mbuvi. Disclosure: I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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