Bullish Case: NFE's sale of Puerto Rico plants provides liquidity, the new gas supply deal increases revenue potential, and recent successful FSRU offloading in Brazil reinforces operational strength.


Bearish Case: Continued mean-reverting price action, reduced Q1 and Q2 EPS estimates, and a -0.27% neutral HeliumTrades AI price forecast suggest limited upside.


Potential Outcomes:

1) Improved Q3 earnings from new deals (55%).

2) Continued price mean-reversion constrains growth (45%).

3) LNG demand volatility impacts financials (50%).


Trading Oracle: Sign Up to access trading oracle trade ideas.


March 30, 2024


New Fortress Energy Forecast

NFE        New Fortress Energy
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)










Correlated Stock Forecasts

Assets that tend to move strongly with NFE



AKAM Forecast + Options Trading Strategies   AKAM  Akamai (0.81)


LULU Forecast + Options Trading Strategies   LULU  Lululemon Athletica inc. (0.79)


IONS Forecast + Options Trading Strategies   IONS  Ionis Pharmaceuticals (0.78)


IMVT Forecast + Options Trading Strategies   IMVT  Immunovant (0.78)


PDD Forecast + Options Trading Strategies   PDD  Pinduoduo (0.77)



Uncorrelated Stock Forecasts

Assets with little price relationship to NFE



XYL Forecast + Options Trading Strategies   XYL  Xylem (-0.0)


BG Forecast + Options Trading Strategies   BG  Bunge (0.0)


HUM Forecast + Options Trading Strategies   HUM  Humana (-0.0)


ERX Forecast + Options Trading Strategies   ERX  Direxion Daily Energy Bull 2X Shares (0.0)


BND Forecast + Options Trading Strategies   BND  Vanguard Total Bond Market (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against NFE



SILK Forecast + Options Trading Strategies   SILK  Silk Road Medical (-0.75)


STAA Forecast + Options Trading Strategies   STAA  Staar Surgical (-0.76)


GUSH Forecast + Options Trading Strategies   GUSH  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.78)


ESTA Forecast + Options Trading Strategies   ESTA  Establishment Labs (-0.79)


XFOR Forecast + Options Trading Strategies   XFOR  X4 Pharmaceuticals (-0.8)





Become a more profitable investor with AI optimized trading strategies






×

Chat with NFE


 Ask me any question!