Deutsche Bank downgraded Venture Global, Inc. (VG) stock to “Hold” from “Buy” with a price target of $17 due to valuation concerns. The company’s longer-term valuation is challenged by liquidity issues and spending on the Calcasieu Pass 2 development.

Venture Global’s CP2 Project received authorization to export LNG to non-free trade agreement nations. The company has started full mobilization and site work at its third LNG export facility, CP2 LNG, with plans to deliver low-cost LNG starting in 2027. Venture Global also signed a 20-year agreement with PETRONAS LNG Ltd.

Sands Capital highlighted Venture Global’s role in LNG development, predicting sustained growth and profitability due to its modular approach and innovative practices.

Read more at Yahoo Finance: Deutsche Bank Downgrades Venture Global (VG) Stock