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NEW YORK—Christopher S. Guinta, the Chief Financial Officer of New Fortress Energy Inc. (NASDAQ:NFE), recently purchased 5,000 shares of the company’s Class A common stock. The transaction, valued at approximately $42,850, was executed on March 13, 2025, at a price of $8.57 per share. The purchase comes as the stock trades near its 52-week low of $7.82, having declined over 70% in the past year. According to InvestingPro analysis, the stock appears undervalued at current levels. This purchase, conducted in an open market transaction, increases Guinta’s total holdings to 206,653 shares. New Fortress Energy, headquartered in New York, is a company involved in the natural gas distribution sector. While the company currently operates with significant debt, analysts project a return to profitability in 2025, with two analysts recently revising their earnings estimates upward. Access 12 additional key insights and a comprehensive Pro Research Report for NFE through InvestingPro’s advanced analytics platform.
In other recent news, New Fortress Energy reported its fourth-quarter 2024 earnings, significantly exceeding analyst predictions with an earnings per share (EPS) of $0.13, compared to the forecasted $0.06. The company also announced a revenue of $679 million, surpassing the expected $547.68 million. Despite these positive earnings, the company reported a net loss of $240 million for the quarter. New Fortress Energy has secured a $1.27 billion credit agreement to support its ongoing projects and corporate needs, as detailed in a recent SEC filing. The agreement includes amendments to existing credit facilities and new financial obligations, with a maturity date set for October 30, 2028. Analysts at Stifel adjusted their outlook on the company, reducing the stock price target from $23.00 to $19.00 but maintaining a Buy rating, noting the company’s adjusted EBITDA surpassed expectations. Stifel also highlighted growth prospects in Puerto Rico and Brazil, along with the anticipated startup of FLNG (OL:FLNG) 2, expected to boost cash flow. However, they pointed out that the company faces substantial execution risks in achieving these goals.
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