Is New Fortress Energy the Next Big LNG Stock?

Is New Fortress Energy the Next Big LNG Stock?

New Fortress Energy ( NASDAQ:NFE ) is a smaller-scale LNG developer that has similar ambitions in this industry, and it is approaching this market in a unique way.. New Fortress Energy has used debt financing to build its projects and this week got a commitment from an affiliate of Apollo Global Management for $800 million in new finding.. New Fortress has proposed building a 3.6 million gallon per day LNG plant in Pennsylvania and says it plans to export the LNG to the Caribbean.. New Fortress Energy has not reached final investment decision on the Pennsylvania terminal, meaning it has not signed financing and may ultimately decide not to proceed.. Vocal environmental opposition has already emerged, and the site does not have as much supporting infrastructure in place or a major water source nearby, like projects that have been built on the Gulf Coast.. The company is also continuing to operate at a loss, though that loss is narrowing.. New Fortress Energy has solid leadership, big name financial backing, and has shown it knows how to shepherd a complex energy project through development..