From Yahoo Finance: 2025-05-03 06:39:00

Wall Street indices closed the week strong, with the Nasdaq up 1.51%, S&P 500 up 1.47%, and Dow Jones up 1.39%. Despite market optimism, 10 companies saw declines due to poor Q1 earnings. Golar LNG Limited (GLNG) dropped 6.84% on Friday after an eight-day winning streak, with profit-taking cited as the reason.

GLNG expects $13.7 billion from two 20-year charter agreements for its FLNG vessels. The company also signed a binding contract for its MKII FLNG vessel, with the potential to earn $100 million for each dollar increase above $8 per mmbtu once operational. Southern Energy can shorten the charters to 12 or 15 years.

GLNG ranks 10th on the list of Friday’s worst performers. While GLNG shows potential, AI stocks are seen as more promising for higher returns in a shorter time frame. For those interested in AI investments, there is a report on the cheapest AI stock trading at less than 5 times its earnings, offering a potentially better opportunity than GLNG.



Read more at Yahoo Finance: Why Golar LNG Limited (GLNG) Went Down On Friday