New Fortress Energy Stock Today

NFE Stock  USD 29.60  0.16  0.54%   

Performance

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Odds Of Distress

Less than 40

 
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Zero
Below Average
New Fortress is trading at 29.60 as of the 28th of March 2024, a -0.54 percent down since the beginning of the trading day. The stock's lowest day price was 29.17. New Fortress has about a 40 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for New Fortress Energy are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Energy
IPO Date
31st of January 2019
Category
Utilities
New Fortress Energy Inc. operates as an integrated gas-to-power infrastructure company that provides energy and development services to end-users worldwide. New Fortress Energy Inc. was founded in 1998 and is based in New York, New York. New Fortress operates under UtilitiesRegulated Gas classification in the United States and is traded on NASDAQ Exchange. The company has 205.03 M outstanding shares of which 14.06 M shares are now shorted by investors with about 8.87 days to cover. More on New Fortress Energy

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New Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. New Fortress' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding New Fortress or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Business ConcentrationOil & Gas Refining & Marketing, Utilities - Regulated Gas, Utilities, NASDAQ Composite, Energy, Oil, Gas & Consumable Fuels, Utilities—Regulated Gas, Utilities (View all Sectors)
Average Analyst Recommendation
Analysts covering New Fortress report their recommendations after researching New Fortress' financial statements, talking to executives and customers, or listening in on New Fortress' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering New Fortress Energy. The New consensus assessment is calculated by taking the average forecast from all of the analysts covering New Fortress.
Financial Strength
Based on the key indicators related to New Fortress' liquidity, profitability, solvency, and operating efficiency, New Fortress Energy is performing exceptionally good at the present time. It has a great likelihood to report excellent financial results in April. Financial strength of New Fortress Energy is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.160.2298
Way Down
Slightly volatile
Total Current Liabilities1.8 B1.7 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total7.4 BB
Sufficiently Up
Slightly volatile
Total Assets11 B10.5 B
Sufficiently Up
Slightly volatile
Total Current Assets611.3 M980 M
Way Down
Slightly volatile
New Fortress' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to New Fortress' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
New Fortress' bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of New Fortress' outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand New Fortress' financial leverage. It provides some insight into what part of New Fortress' total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on New Fortress' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how New Fortress deploys its capital and how much of that capital is borrowed.
Liquidity
New Fortress cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 7.37 B in debt with debt to equity (D/E) ratio of 2.19, meaning that the company heavily relies on borrowing funds for operations. New Fortress Energy has a current ratio of 1.22, demonstrating that it may not be capable to disburse its financial commitments when the payables are due. Debt can assist New Fortress until it has trouble settling it off, either with new capital or with free cash flow. So, New Fortress' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like New Fortress Energy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for New to invest in growth at high rates of return. When we think about New Fortress' use of debt, we should always consider it together with cash and equity.

Investments

(1.85 Billion)
New Fortress Energy (NFE) is traded on NASDAQ Exchange in USA. It is located in 111 West 19th Street, New York, NY, United States, 10011 and employs 677 people. New Fortress is listed under Oil & Gas Refining & Marketing category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 6.07 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate New Fortress's market, we take the total number of its shares issued and multiply it by New Fortress's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. New Fortress Energy runs under Oil, Gas & Consumable Fuels sector within Energy industry. The entity has 205.03 M outstanding shares of which 14.06 M shares are now shorted by investors with about 8.87 days to cover. New Fortress Energy has about 138.33 M in cash with 824.76 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.67.
Check New Fortress Probability Of Bankruptcy
Ownership Allocation
New Fortress Energy maintains a total of 205.03 Million outstanding shares. Over half of New Fortress' outstanding shares are owned by institutional investors. These institutional investors are typically referred to as corporate investors that shop for positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in New Fortress Energy. Please watch out for any change in the institutional holdings of New Fortress Energy as this could mean something significant has changed or is about to change at the company. Also note that almost twenty-six million six hundred fifty-four thousand four hundred twenty invesors are currently shorting New Fortress expressing very little confidence in its future performance.
Check New Ownership Details

New Stock Price Odds Analysis

What are New Fortress' target price odds to finish over the current price? Based on a normal probability distribution, the odds of New Fortress jumping above the current price in 90 days from now is more than 94.0%. The New Fortress Energy probability density function shows the probability of New Fortress stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon New Fortress has a beta of 0.7083. This indicates as returns on the market go up, New Fortress average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding New Fortress Energy will be expected to be much smaller as well. Additionally, new Fortress Energy has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 29.6HorizonTargetOdds Above 29.6
6.26%90 days
 29.60 
93.69%
Based on a normal probability distribution, the odds of New Fortress to move above the current price in 90 days from now is more than 94.0 (This New Fortress Energy probability density function shows the probability of New Stock to fall within a particular range of prices over 90 days) .

New Stock Institutional Holders

Institutional Holdings refers to the ownership stake in New Fortress that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of New Fortress' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing New Fortress' value.
InstituionRecorded OnShares
Morgan Stanley - Brokerage Accounts2023-09-30
1.7 M
Hite Hedge Asset Management Mlp2023-12-31
1.6 M
Neuberger Berman Group Llc2023-09-30
1.5 M
Electron Capital Partners, Llc2023-09-30
1.2 M
Geode Capital Management, Llc2023-09-30
1.1 M
Kailix Advisors Llc2023-12-31
1.1 M
State Street Corporation0030-09-30
M
Dimensional Fund Advisors, Inc.2023-12-31
M
Point72 Asset Management, L.p.2023-09-30
M
Great Mountain Partners Llc2023-12-31
25.6 M
Capital World Investors2023-12-31
15 M
View New Fortress Diagnostics

New Fortress Historical Income Statement

New Fortress Energy Income Statement is one of the three primary financial statements used for reporting New's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of New Fortress Energy revenue and expense. New Fortress Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, New Fortress' Interest Income is projected to increase significantly based on the last few years of reporting. The current year's Depreciation And Amortization is expected to grow to about 196.7 M, whereas Selling General Administrative is forecasted to decline to about 144.9 M. View More Fundamentals

New Stock Against Markets

Picking the right benchmark for New Fortress stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in New Fortress stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for New Fortress is critical whether you are bullish or bearish towards New Fortress Energy at a given time. Please also check how New Fortress' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in New Fortress without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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New Fortress Corporate Management

Elected by the shareholders, the New Fortress' board of directors comprises two types of representatives: New Fortress inside directors who are chosen from within the company, and outside directors, selected externally and held independent of New. The board's role is to monitor New Fortress' management team and ensure that shareholders' interests are well served. New Fortress' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, New Fortress' outside directors are responsible for providing unbiased perspectives on the board's policies.

How to buy New Stock?

Before investing in New Fortress, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in New Fortress. To buy New Fortress stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of New Fortress. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase New Fortress stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located New Fortress Energy stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased New Fortress Energy stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as New Fortress Energy, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy New Stock please use our How to Invest in New Fortress guide.

Already Invested in New Fortress Energy?

The danger of trading New Fortress Energy is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of New Fortress is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than New Fortress. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile New Fortress Energy is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether New Fortress Energy is a strong investment it is important to analyze New Fortress' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact New Fortress' future performance. For an informed investment choice regarding New Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Fortress Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.
Note that the New Fortress Energy information on this page should be used as a complementary analysis to other New Fortress' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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When running New Fortress' price analysis, check to measure New Fortress' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy New Fortress is operating at the current time. Most of New Fortress' value examination focuses on studying past and present price action to predict the probability of New Fortress' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Fortress' price. Additionally, you may evaluate how the addition of New Fortress to your portfolios can decrease your overall portfolio volatility.
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Is New Fortress' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of New Fortress. If investors know New will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about New Fortress listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
2.449
Dividend Share
3.4
Earnings Share
2.65
Revenue Per Share
11.718
Quarterly Revenue Growth
0.388
The market value of New Fortress Energy is measured differently than its book value, which is the value of New that is recorded on the company's balance sheet. Investors also form their own opinion of New Fortress' value that differs from its market value or its book value, called intrinsic value, which is New Fortress' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because New Fortress' market value can be influenced by many factors that don't directly affect New Fortress' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between New Fortress' value and its price as these two are different measures arrived at by different means. Investors typically determine if New Fortress is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Fortress' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.