Citi analyst Spiro Dounis says Venture Global’s (VG) reported Q4 results and guidance that fell shy of expectations. The firm expects a negative share reaction to the print “despite at least one notable bright spot.” Plaquemines running at 140% of nameplate is a positive, the analyst tells investors in a research note. The firm says that while Venture guided to being able to run above nameplate, many investors were skeptical or unwilling to ascribe credit. Citi has a Neutral rating on the shares with an $18 price target The stock in premarket trading is down 18%, or $2.53, to $11.70.
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