NextDecade Corporation
NEXT NASDAQ

NEXT
NextDecade Corporation NASDAQ
Trade now
 
Upcoming Earnings
EPS
Market Cap
Div Yield
P/E
Upcoming Earnings
EPS
Market Cap
Div Yield
P/E
Trade now

History of NEXT

Important events

Jun 092021

Ready for the Next Decade?

Shares of the liquefied natural gas development company NextDecade see phenomenal gains on the back of back-to-back analyst upgrades, soaring over 100% in two days.

NextDecade saw solid gains this week after receiving two bouts of positive analyst feedback in two days, sending the stock to closing levels unseen since January 2020. The stock plummeted from its highs of around $5 to around $1 when the pandemic hit, and energy demand continued to drop off in the following months, so NextDecade has struggled to get back on its feet. However, according to recent analyst coverage, the natural gas market is well on it’s way to recovery and NextDecade is set to benefit.

The week kicked off with an overweight rating from Morgan Stanley, who boosted its price target up from $2 to $6 because "the tides are turning" on LNG. The company got lucky with a double whammy: the next day, Evercore ISI analyst Sean Morgan turned bullish on the LGN company, upgrading it to outperform and tripling his price target from $3 to $9, making him by far the most bullish analyst to cover the stock recently.

Both analysts believe that NextDecade will stand out from the field because of its long-awaited Rio Grande LNG Project, which will allow it to produce low-carbon gas, and should get the go-ahead now that energy demand is on the rebound. The project has huge potential to generate a load of cash for investors, and if the company is able to follow through on that successfully there should be a whole lot of upside. The stock has since seen some losses to its parabolic gains, but it’s looking like the stock is on the up and up.

That’s the tea. Do with it what you will.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter