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New Fortress Energy Inc. (NFE) operates as an integrated gas-to-power infrastructure company that provides energy and development services to end-users worldwide. 
The company operates in two segments, Terminals and Infrastructure, and Ships.
The Terminals and Infrastructure segment engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation.
The Ships segment offers floating storage and regasification units, and liquefied natural gas (LNG) carriers which are leased to customers under long-term or spot arrangements.
The company operates LNG storage and regasification facility at the Port of Montego Bay, Jamaica; marine LNG storage and regasification facility in Old Harbour, Jamaica; landed micro-fuel handling facility in San Juan, Puerto Rico; marine LNG storage and regasification facility in Sergipe, Brazil; and LNG receiving facility in La Paz, Mexico, as well as Miami facility.
On May 4th, New Fortress reported 1st Quarter March 2022 earnings of $1.13 per share on revenue of $505.1 million. The consensus earnings estimate was $0.65 per share on revenue of $501.7 million. Revenue grew 246.7% on a year-over-year basis.
Shares have formed a bullish "double bottom" formation and higher share prices are expected.
Entry Point: $43.50
Stop Loss: $41.00
Trading Range: $19.17 - $49.30
Target Price: $48.00
