New Fortress Energy Inc (NFE) is a high-growth utility stock to invest in now.

From Yahoo Finance: 2025-04-27 07:11:00

Power and utilities companies face challenges in making clean energy affordable and abundant. Deloitte predicts tripled energy use by data centers by 2030. Solar and natural gas lead power generation. Utilities face supply chain delays and rising costs, expecting higher electricity bills for consumers. Renewables investments rise, backed by tech costs and demand.

Utility stocks, traditionally slow movers, have seen a hot streak. Investors seek growth over dividends, like companies ready to adapt to climate demands. Market jitters briefly affected utility stocks. Analysts recommend stable, dividend-paying names. Natural gas remains crucial for backup and meeting data center demand.

New Fortress Energy Inc. (NFE) is a high-growth utility stock to invest in, focusing on natural gas and power solutions globally. Stifel analysts maintain a Buy rating with a $16 price target after NFE sold its Jamaican operations to reduce debt. In Q4 2024, NFE outperformed expectations with strong financial performance and project progress.

In Q4, 34 hedge funds held stakes in NFE, with Rubric Capital Management as the largest stakeholder. NFE ranks 2nd among high-growth utility stocks. While NFE shows investment potential, AI stocks may offer higher returns in a shorter time frame. Consider researching AI stocks for more promising investments.

Read more: Is New Fortress Energy Inc. (NFE) Among The High Growth Utility Stocks To Invest In Now?