New Fortress Energy (NFE) Stock Forecast, Price Target & Predictions

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NFE Stock Forecast

New Fortress Energy stock forecast is as follows: an average price target of $14.53 (represents a 0.28% upside from NFE’s last price of $14.49) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.

NFE Price Target

The average price target for New Fortress Energy (NFE) is $14.53 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $21.00 to $7.60. This represents a potential 0.28% upside from NFE's last price of $14.49.

NFE Analyst Ratings

Buy

According to 4 Wall Street analysts, New Fortress Energy's rating consensus is 'Buy'. The analyst rating breakdown for NFE stock is 0 'Strong Buy' (0.00%), 2 'Buy' (50.00%), 1 'Hold' (25.00%), 1 'Sell' (25.00%), and 0 'Strong Sell' (0.00%).

New Fortress Energy Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Oct 01, 2024	Chris Robertson	New Street	$7.60	$9.09	-16.39%	-47.55%
Sep 13, 2024	Gregory Lewis	BTIG	$15.00	$10.91	37.49%	3.52%
Sep 03, 2024	Chris Robertson	Deutsche Bank	$21.00	$11.48	82.85%	44.93%
Jul 24, 2024	Gregory Lewis	BTIG	$35.00	$21.85	60.18%	141.55%
Jun 21, 2024	Benjamin Nolan	Stifel Nicolaus	$40.00	$21.47	86.31%	176.05%
May 09, 2024	Chris Robertson	Deutsche Bank	$33.00	$26.73	23.46%	127.74%
Apr 05, 2022	Benjamin Nolan	Stifel Nicolaus	$68.00	$45.11	50.74%	369.29%
May 04, 2021	Gabe Moreen	Mizuho Securities	$44.00	$41.16	6.90%	203.66%

The latest New Fortress Energy stock forecast, released on Oct 01, 2024 by Chris Robertson from New Street, set a price target of $7.60, which represents a -16.39% decrease from the stock price at the time of the forecast ($9.09), and a -47.55% decrease from NFE last price ($14.49).

New Fortress Energy Price Target by Period

	1M	3M	12M
# Anlaysts	-	1	6
Avg Price Target	-	$7.60	$25.27
Last Closing Price	$14.49	$14.49	$14.49
Upside/Downside	-100.00%	-47.55%	74.40%

In the current month, the average price target of New Fortress Energy stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to New Fortress Energy's last price of $14.49. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 03, 2024	Morgan Stanley		Equal-Weight	Downgrade
Oct 01, 2024	Deutsche Bank	Hold	Sell	Downgrade
Sep 13, 2024	BTIG	Buy	Buy	Hold
Sep 03, 2024	Deutsche Bank	Hold	Hold	Hold
Aug 12, 2024	Deutsche Bank	Hold	Hold	Hold
Jul 24, 2024	BTIG	Buy	Buy	Hold
May 09, 2024	Deutsche Bank	Hold	Hold	Hold
Jan 31, 2023	Goldman Sachs		Buy	Upgrade
Jan 31, 2023	BTIG		Buy	Upgrade

New Fortress Energy's last stock rating was published by Morgan Stanley on Oct 03, 2024. The company Downgrade its NFE rating from "null" to "Equal-Weight".

New Fortress Energy Financial Forecast

New Fortress Energy Revenue Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	$514.46M	$561.35M	$579.13M	$546.37M	$731.93M	$584.86M	$505.12M	$648.63M	$304.66M	$223.84M	$145.68M	$145.70M	$136.86M	$94.57M	$74.53M	$69.75M	$49.66M
Avg Forecast	$1.08B	$942.40M	$706.80M	$727.90M	$725.73M	$697.52M	$611.60M	$604.64M	$547.65M	$479.69M	$465.52M	$602.41M	$625.15M	$499.57M	$573.60M	$629.73M	$732.52M	$566.40M	$489.28M	$479.86M	$368.96M	$336.23M	$155.37M	$146.88M	$115.07M	$139.55M	$126.83M	$80.38M	$54.83M	$42.35M
High Forecast	$1.19B	$1.03B	$773.90M	$797.00M	$794.62M	$763.74M	$669.66M	$713.25M	$595.68M	$525.23M	$465.52M	$602.41M	$635.35M	$499.57M	$628.05M	$689.50M	$802.06M	$566.40M	$489.28M	$479.86M	$368.96M	$336.23M	$155.37M	$146.88M	$115.07M	$139.55M	$126.83M	$80.38M	$54.83M	$42.35M
Low Forecast	$991.19M	$862.27M	$646.70M	$666.01M	$664.03M	$638.22M	$559.60M	$515.65M	$522.76M	$438.91M	$465.52M	$602.41M	$616.62M	$499.57M	$524.83M	$576.18M	$670.24M	$566.40M	$489.28M	$479.86M	$368.96M	$336.23M	$155.37M	$146.88M	$115.07M	$139.55M	$126.83M	$80.38M	$54.83M	$42.35M
# Analysts	1	1	1	1	1	1	1	3	3	1	1	1	3	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	1.03%	0.98%	0.92%	0.75%	1.29%	1.20%	1.05%	1.76%	0.91%	1.44%	0.99%	1.27%	0.98%	0.75%	0.93%	1.27%	1.17%

New Fortress Energy's average Quarter revenue forecast for Dec 23 based on 3 analysts is $625.15M, with a low forecast of $616.62M, and a high forecast of $635.35M. NFE's average Quarter revenue forecast represents a 21.52% increase compared to the company's last Quarter revenue of $514.46M (Sep 23).

New Fortress Energy EBITDA Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	3	3	1	1	1	3	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	$343.79M	$423.32M	$427.16M	$197.50M	$186.42M	$-127.80M	$273.17M	$231.50M	$81.11M	$65.52M	$-10.43M	$27.43M	$-9.42M	$-118.00M	$6.45M	$-3.40M	$-3.23M
Avg Forecast	$-79.13M	$-68.84M	$-51.63M	$-53.17M	$-53.01M	$-50.95M	$-44.68M	$-44.17M	$-40.00M	$-35.04M	$-34.00M	$164.52M	$-45.66M	$-36.49M	$-41.90M	$149.56M	$366.49M	$-23.85M	$-20.61M	$118.23M	$-15.54M	$-14.16M	$-6.54M	$-6.19M	$-4.85M	$-5.88M	$-5.34M	$6.33M	$-2.31M	$-1.78M
High Forecast	$-72.40M	$-62.99M	$-47.24M	$-48.65M	$-48.50M	$-46.62M	$-40.88M	$-37.67M	$-38.19M	$-32.06M	$-34.00M	$197.42M	$-45.04M	$-36.49M	$-38.34M	$179.48M	$439.79M	$-23.85M	$-20.61M	$141.88M	$-15.54M	$-14.16M	$-6.54M	$-6.19M	$-4.85M	$-5.88M	$-5.34M	$7.60M	$-2.31M	$-1.78M
Low Forecast	$-86.64M	$-75.37M	$-56.53M	$-58.22M	$-58.04M	$-55.79M	$-48.92M	$-52.10M	$-43.51M	$-38.37M	$-34.00M	$131.62M	$-46.41M	$-36.49M	$-45.88M	$119.65M	$293.19M	$-23.85M	$-20.61M	$94.59M	$-15.54M	$-14.16M	$-6.54M	$-6.19M	$-4.85M	$-5.88M	$-5.34M	$5.07M	$-2.31M	$-1.78M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-9.42%	-10.10%	2.86%	0.54%	-7.82%	6.20%	2.31%	-14.90%	-5.73%	-10.01%	1.69%	-5.66%	1.60%	22.09%	1.02%	1.47%	1.81%

3 analysts predict NFE's average Quarter EBITDA for Dec 23 to be $-45.66M, with a high of $-45.04M and a low of $-46.41M. This is -113.28% lower than New Fortress Energy's previous annual EBITDA (Sep 23) of $343.79M.

New Fortress Energy Net Income Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	3	3	1	1	1	3	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	$61.22M	$119.25M	$150.21M	$64.13M	$61.85M	$-178.43M	$238.27M	$151.72M	$-9.81M	$-6.04M	$-37.90M	$170.00K	$-36.36M	$-137.43M	$-8.30M	$-7.34M	$-6.72M
Avg Forecast	$75.07M	$43.91M	$1.68M	$12.05M	$22.54M	$17.36M	$-9.34M	$7.08M	$13.00M	$8.90M	$7.95M	$147.43M	$163.04M	$39.35M	$112.98M	$134.03M	$129.12M	$157.98M	$103.62M	$105.95M	$136.55M	$63.35M	$-19.58M	$-2.77M	$14.91M	$24.71M	$-46.65M	$-8.15M	$-52.05M	$-31.79M
High Forecast	$84.33M	$49.33M	$1.89M	$13.54M	$25.32M	$19.50M	$-8.31M	$70.81M	$23.40M	$10.00M	$7.95M	$176.92M	$203.36M	$44.21M	$126.93M	$160.84M	$154.94M	$157.98M	$103.62M	$127.14M	$136.55M	$63.35M	$-15.67M	$-2.77M	$14.91M	$24.71M	$-46.65M	$-6.52M	$-52.05M	$-31.79M
Low Forecast	$66.77M	$39.05M	$1.50M	$10.72M	$20.05M	$15.44M	$-10.50M	$-31.86M	$5.20M	$7.92M	$7.94M	$117.95M	$122.72M	$35.00M	$100.49M	$107.23M	$103.29M	$157.98M	$103.62M	$84.76M	$136.55M	$63.35M	$-23.50M	$-2.77M	$14.91M	$24.71M	$-46.65M	$-9.78M	$-52.05M	$-31.79M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	1.56%	1.06%	1.12%	0.50%	0.39%	-1.72%	2.25%	1.11%	-0.15%	0.31%	13.69%	0.01%	-1.47%	2.95%	1.02%	0.14%	0.21%

New Fortress Energy's average Quarter net income forecast for Dec 23 is $163.04M, with a range of $122.72M to $203.36M. NFE's average Quarter net income forecast represents a 166.31% increase compared to the company's last Quarter net income of $61.22M (Sep 23).

New Fortress Energy SG&A Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	3	3	1	1	1	3	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	$49.11M	$55.80M	$52.14M	$70.10M	$67.60M	$50.31M	$48.04M	$74.93M	$46.80M	$44.54M	$45.18M	$32.87M	$30.85M	$31.85M	$33.83M	$37.58M	$42.84M
Avg Forecast	$307.50M	$267.50M	$200.63M	$206.62M	$206.00M	$197.99M	$173.61M	$171.63M	$155.45M	$136.16M	$132.14M	$29.73M	$177.45M	$141.80M	$162.82M	$27.02M	$62.23M	$160.78M	$138.89M	$21.36M	$104.73M	$95.44M	$144.30M	$41.69M	$32.66M	$39.61M	$36.00M	$33.24M	$15.56M	$12.02M
High Forecast	$336.69M	$292.90M	$219.67M	$226.23M	$225.56M	$216.79M	$190.09M	$202.46M	$169.09M	$149.09M	$132.14M	$35.67M	$180.35M	$141.80M	$178.27M	$32.43M	$74.68M	$160.78M	$138.89M	$25.64M	$104.73M	$95.44M	$173.16M	$41.69M	$32.66M	$39.61M	$36.00M	$39.88M	$15.56M	$12.02M
Low Forecast	$281.35M	$244.76M	$183.57M	$189.05M	$188.49M	$181.16M	$158.84M	$146.37M	$148.39M	$124.59M	$132.14M	$23.78M	$175.03M	$141.80M	$148.97M	$21.62M	$49.78M	$160.78M	$138.89M	$17.09M	$104.73M	$95.44M	$115.44M	$41.69M	$32.66M	$39.61M	$36.00M	$26.59M	$15.56M	$12.02M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.35%	0.34%	1.93%	1.13%	0.42%	0.36%	2.25%	0.72%	0.49%	0.31%	1.08%	1.01%	0.78%	0.88%	1.02%	2.41%	3.56%

New Fortress Energy's average Quarter SG&A projection for Dec 23 is $177.45M, based on 3 Wall Street analysts, with a range of $175.03M to $180.35M. The forecast indicates a 261.35% rise compared to NFE last annual SG&A of $49.11M (Sep 23).

New Fortress Energy EPS Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	3	3	1	1	1	3	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$0.58	$0.72	$0.31	$0.30	$-0.85	$1.14	$0.73	$-0.05	$-0.03	$-0.21	-	$-0.21	$-2.40	$-0.32	$-0.30	$-0.30
Avg Forecast	$0.36	$0.21	$0.01	$0.06	$0.11	$0.08	$-0.04	$0.03	$0.06	$0.04	$0.04	$0.61	$0.78	$0.19	$0.54	$0.72	$0.64	$0.77	$0.50	$0.54	$0.66	$0.31	$0.02	$-0.01	$0.07	$0.12	$-0.23	$-0.22	$-0.25	$-0.15
High Forecast	$0.40	$0.24	$0.01	$0.06	$0.12	$0.09	$-0.04	$0.34	$0.11	$0.05	$0.04	$0.62	$0.97	$0.21	$0.61	$0.81	$0.72	$0.77	$0.50	$0.54	$0.66	$0.31	$0.02	$-0.01	$0.07	$0.12	$-0.23	$-0.22	$-0.25	$-0.15
Low Forecast	$0.32	$0.19	$0.01	$0.05	$0.10	$0.07	$-0.05	$-0.15	$0.02	$0.04	$0.04	$0.61	$0.59	$0.17	$0.48	$0.64	$0.57	$0.77	$0.50	$0.54	$0.66	$0.31	$0.02	$-0.01	$0.07	$0.12	$-0.23	$-0.22	$-0.25	$-0.15
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00%	1.07%	1.00%	0.49%	0.39%	-1.69%	2.09%	1.10%	-0.16%	-1.58%	15.61%	0.01%	-1.75%	10.59%	1.48%	1.19%	1.94%

According to 3 Wall Street analysts, New Fortress Energy's projected average Quarter EPS for Dec 23 is $0.78, with a low estimate of $0.59 and a high estimate of $0.97. This represents a 260076.67% increase compared to NFE previous annual EPS of - (Sep 23).

New Fortress Energy Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
CTRA	Alpha Metallurgical Resources	$24.73	$32.50	31.42%	Buy
GLNG	Golar LNG	$42.80	$51.17	19.56%	Buy
FLNG	FLEX LNG	$21.93	$24.00	9.44%	Buy
NFE	New Fortress Energy	$14.49	$14.53	0.28%	Buy
EQT	EQT	$44.58	$43.75	-1.86%	Buy
EE	Excelerate Energy	$30.48	$20.00	-34.38%	Buy

NFE Forecast FAQ

Is New Fortress Energy a good buy?

Yes, according to 4 Wall Street analysts, New Fortress Energy (NFE) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 50.00% of NFE's total ratings.

What is NFE's price target?

New Fortress Energy (NFE) average price target is $14.53 with a range of $7.6 to $21, implying a 0.28% from its last price of $14.49. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will New Fortress Energy stock go up soon?

According to Wall Street analysts' prediction for NFE stock, the company can go up by 0.28% (from the last price of $14.49 to the average price target of $14.53), up by 44.93% based on the highest stock price target, and down by -47.55% based on the lowest stock price target.

Can New Fortress Energy stock reach $20?

NFE's highest twelve months analyst stock price target of $21 supports the claim that New Fortress Energy can reach $20 in the near future.

What are New Fortress Energy's analysts' financial forecasts?

New Fortress Energy's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $2.64B (high $2.94B, low $2.38B), average EBITDA is $-193M (high $-174M, low $-215M), average net income is $37.64M (high $107.32M, low $-6.87M), average SG&A $749.23M (high $834.89M, low $674.86M), and average EPS is $0.18 (high $0.514, low $-0.0329). NFE's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $3.46B (high $3.79B, low $3.17B), average EBITDA is $-253M (high $-231M, low $-277M), average net income is $132.71M (high $149.09M, low $118.04M), average SG&A $982.25M (high $1.08B, low $898.73M), and average EPS is $0.635 (high $0.714, low $0.565).

Did the NFE's actual financial results beat the analysts' financial forecasts?

Based on New Fortress Energy's last annual report (Dec 2022), the company's revenue was $2.37B, beating the average analysts forecast of $2.27B by 4.42%. Apple's EBITDA was $529.25M, beating the average prediction of $440.27M by 20.21%. The company's net income was $194.48M, missing the average estimation of $496.66M by -60.84%. Apple's SG&A was $236.05M, missing the average forecast of $383.25M by -38.41%. Lastly, the company's EPS was $0.93, missing the average prediction of $2.45 by -62.09%. In terms of the last quarterly report (Sep 2023), New Fortress Energy's revenue was $514.46M, beating the average analysts' forecast of $499.57M by 2.98%. The company's EBITDA was $343.78M, missing the average prediction of $-36.491M by -1042.10%. New Fortress Energy's net income was $61.22M, beating the average estimation of $39.35M by 55.57%. The company's SG&A was $49.11M, missing the average forecast of $141.8M by -65.37%. Lastly, the company's EPS was $0.0003, missing the average prediction of $0.188 by -99.84%