New Fortress Energy Inc Class A

NFE: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$26.00	Gjzx	Pgfbttgk

New Fortress Energy: An Ambitious Business Model Faces Some Growing Pains

Stephen Ellis ,

Aug 18, 2023

We are initiating coverage on New Fortress Energy with a $30 per share fair value estimate and a no-moat rating. Shares are about fairly valued currently; however, they tend to be volatile alongside global LNG prices, so we would suggest investors wait for a better entry point.

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