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Hanwha Aerospace Co., Ltd., a ten percent owner of NextDecade Corp (NASDAQ:NEXT), recently purchased 591,837 shares of common stock. The transaction, which occurred on November 11, 2025, involved prices ranging from $5.7000 to $6.2651 per share, resulting in a total value of $3,591,562. The purchase was executed near NextDecade’s current trading price of $5.97, which represents a significant decline from its 52-week high of $12.12. According to InvestingPro data, NEXT is currently considered overvalued despite its recent price drop of 27% over the past six months.
Following the purchase, Hanwha Aerospace directly owns 19,129,534 shares of NextDecade. The company also indirectly holds 17,536,369 shares through Hanwha Ocean LLC. This continued investment comes despite NextDecade’s challenging financial position, with InvestingPro analysis showing the company is quickly burning through cash and operating with a significant debt burden. NextDecade’s debt-to-equity ratio stands at a concerning 43.73, with current liabilities exceeding liquid assets. InvestingPro offers 10 additional insights that could help investors better understand the risks and opportunities associated with NEXT stock.
In other recent news, NextDecade Corporation has made significant progress with its Rio Grande LNG project. The company announced positive Final Investment Decisions (FIDs) for Trains 4 and 5, securing approximately $13.4 billion in total project financing. Train 4 received its FID on September 9, with an estimated project cost of $6.7 billion and a production capacity of 6 million tonnes per annum (MTPA). Train 5 followed with its FID on October 16, also costing $6.7 billion and having a similar capacity. The substantial completion of Train 4 is expected in the second half of 2030, while Train 5 is projected for the first half of 2031. Additionally, NextDecade’s Chief Financial Officer, Brent Wahl, announced his resignation effective October 20, 2025, to join a digital infrastructure company. Mike Mott has been appointed as Interim CFO, and Wahl will assist in the transition through a consulting arrangement until December 31, 2025. These developments mark a period of significant transition and expansion for NextDecade.
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