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Hanwha Aerospace Co., Ltd. (NASDAQ:NEXT) a ten-percent owner of NextDecade Corp, has made significant purchases of the company’s common stock, totaling $5.1 million. According to a Form 4 filing with the Securities and Exchange Commission, the transactions involved the purchase of shares at prices ranging from $5.5937 to $5.9536. These purchases come as NextDecade’s stock trades at $6.01, still down 50% from its 52-week high of $12.12, with the company currently valued at $1.54 billion.
The series of purchases occurred over three days. On November 24, 2025, Hanwha Aerospace acquired 445,109 shares. This was followed by the purchase of 285,502 shares on November 25, 2025. The buying spree concluded on November 26, 2025, with an additional 175,142 shares acquired. InvestingPro data shows NextDecade is quickly burning through cash with a negative free cash flow yield, which may explain the company’s need for continued investment from major stakeholders.
Following these transactions, Hanwha Aerospace directly owns 22,571,482 shares of NextDecade Corp. Additionally, it may be deemed to beneficially own 17,536,369 shares held directly by Hanwha Ocean LLC. The filing indicates that Hanwha Aerospace may be considered part of a group owning more than 10% of NextDecade’s outstanding common stock, but the company disclaims membership in any such group.
The transactions were signed off by Jaeil Son, Chief Executive Officer, on behalf of Hanwha Aerospace Co., Ltd.
In other recent news, NextDecade Corporation has made significant strides in the development of 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. Each train is expected to have a production capacity of 6 million tonnes per annum, with Train 4’s completion anticipated in the second half of 2030 and Train 5 in the first half of 2031. Additionally, NextDecade has initiated the pre-filing process with the Federal Energy Regulatory Commission for a proposed expansion of the facility, which includes a sixth liquefaction train and an additional marine berth.
In financial developments, NextDecade’s indirect subsidiary, Rio Grande LNG Super Holdings, LLC, has entered into an amended credit agreement, receiving an incremental $50 million Series A term loan. The loans, maturing in 2030, carry an interest rate of 8.0% per annum and offer conversion options to NextDecade common stock under specific conditions. These recent moves highlight the company’s ongoing efforts to expand and secure funding for its projects.
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