
NFE Stock Forecast & Price Target
NFE Analyst Ratings
Bulls say
New Fortress Energy's outlook appears promising due to the anticipated launch of its first Fast LNG unit in 2024, which is projected to significantly enhance competitiveness and drive substantial growth in downstream demand. The company is expected to see a noteworthy increase in sales volume from approximately 92 TBtu in 2023 to around 165 TBtu in 2024, contributing to improved volumes and margins, particularly in the fourth quarter. Additionally, the startup of operations for terminals in Barcarena and Santa Catarina, combined with an increase in EBITDA by over $600 million while capital expenditures are decreasing, highlights the strengthened financial position and potential for profitability.
Bears say
New Fortress Energy has revised its adjusted EBITDA guidance downward from $2.4 billion to $2.0 billion, indicating a significant decrease in expected profitability. The absence of third-party LNG sales exacerbated the situation, as revenues declined due to lower sales volumes, with only 20.1 TBtu sold compared to prior expectations. Furthermore, concerns surrounding slower-than-anticipated cash flow growth, regulatory challenges, and increasing competition add to the negative outlook for the company's financial performance.
This aggregate rating is based on analysts' research of New Fortress Energy and is not a guaranteed prediction by Public.com or investment advice.
NFE Analyst Forecast & Price Prediction
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