New Fortress Energy Provides Update on its Initial FLNG Asset

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Deutsche Bank Downgrades New Fortress Energy (NFE) to Sell

October 1, 2024 6:56 AM EDT

Deutsche Bank analyst Chris Robertson downgraded New Fortress Energy (NASDAQ: NFE) from Hold to Sell with a price target of $7.60 (from $21.00).

The analyst comments "We are are downgrading NFE shares from Hold to Sell and lowering our price target to $7.60 per share based based on pending dilution to the equity as well as based on our updated views around inherent risks in the business model that should be reflected in the valuation multiple. Yesterday after the market... More