Blurbs

Morgan Stanley Sticks to Their Buy Rating for New Fortress Energy (NFE)

In a report released today, Devin McDermott from Morgan Stanley maintained a Buy rating on New Fortress Energy (NFEResearch Report), with a price target of $58.00. The company’s shares opened today at $51.33.

According to TipRanks, McDermott is a 5-star analyst with an average return of 9.9% and a 56.43% success rate. McDermott covers the Utilities sector, focusing on stocks such as Chevron, Exxon Mobil, and Diamondback.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for New Fortress Energy with a $57.50 average price target.

See the top stocks recommended by analysts >>

The company has a one-year high of $52.37 and a one-year low of $19.17. Currently, New Fortress Energy has an average volume of 1.05M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

New Fortress Energy LLC engages in the provision of energy infrastructure and development services. It specializes in the fields of power, infrastructure, transportation and liquefied natural gas (LNG). Its LNG production and delivery model includes liquefaction, logistics, shipping and terminals. The company was founded by Wesley Robert Edens in 2014 and is headquartered in New York, NY.

Read More on NFE:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More
Videos

More News & Analysis on NFE