NextDecade Corp. (NASDAQ:NEXT) saw its share prices plummet by 18.62% on Wednesday to $8.09 apiece, following news of financing struggles for Train 4 of its Rio Grande liquefied natural gas project. The company managed to secure $6.7 billion in fresh funds to support the development of Train 4 and progress on Train 5, with contributions from a term loan facility, equity investments, and partners. The total LNG production capacity under construction at the Rio Grande site is expected to reach 24 million tons annually, with Train 4 alone adding 6 million tons per annum. Chairman and CEO Matt Schatzman expressed confidence in meeting the global demand for natural gas infrastructure and cleaner energy.

The market response to NextDecade’s (NEXT) financial struggles reflects investor concerns about the company’s ability to fund the development of its LNG projects. While the company has secured substantial funds for Train 4 and Train 5, some analysts believe that other AI stocks may offer greater potential returns with less downside risk. For investors seeking opportunities in the AI sector, exploring alternative options beyond NEXT could be beneficial.

Read more at Yahoo Finance: NextDecade (NEXT) Shrinks 18.6% After $6.7-Billion LNG Financing