Analyst Price Target is $38.00
▲ +42.22% Upside Potential
This price target is based on 7 analysts offering 12 month price targets for New Fortress Energy in the last 3 months. The average price target is $38.00, with a high forecast of $45.00 and a low forecast of $27.00. The average price target represents a 42.22% upside from the last price of $26.72.
Current Consensus is
Hold
The current consensus among 7 polled investment analysts is to hold stock in New Fortress Energy. This Hold consensus rating has held steady for over two years.
New Fortress Energy Inc. operates as an integrated gas-to-power energy infrastructure company that provides energy and development services to end-users worldwide. The company operates in two segments, Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation. The Ships segment offers floating storage and regasification units (FRSU) and liquefied natural gas (LNG) carriers which are leased to customers under long-term or spot arrangements. The company operates LNG storage and regasification facility at the Port of Montego Bay, Jamaica; marine LNG storage and regasification facility in Old Harbour, Jamaica; Dual-fired combined heat and power facility in Clarendon, Jamaica; landed micro-fuel handling facility in San Juan, Puerto Rico; and LNG receiving facility and gas-fired power plant in Baja Califrnia Sur, Mexico, as well as a Miami facility. New Fortress Energy Inc. was founded in 1998 and is based in New York, New York.
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