NextDecade Corporation: Planned Construction Completion Likely To Meet Demand Surge By 2027
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Stella Mwende2.07K FollowersFollow5ShareSavePlay(10min)CommentsSummaryNextDecade Corporation (NEXT) is rated hold, with Phase 1 of Rio Grande LNG expected to supply first LNG in 2027. NEXT is strategically positioned to benefit from the EU's 2027 Russian gas import ban, targeting significant LNG demand growth. Despite zero current revenue, NEXT's NAV/share of $7.46 suggests a 46% undervaluation versus its $5.10 share price. Risks include escalating expenses and losses, with net loss up 79.8% QoQ despite a 448% YoY cash reserve increase.
The Rio Grande LNG Project is also part of the global LNG delivery milestone is expected to bring over 170 million tons of LNG online per annum. lyash01/iStock via Getty Images It has not been a smooth ride for natural gas liquefier NextDecade Corporation (NEXT), whose shares have declined 24.22% year-over-year (YoY) and 33.46% year-to-date (YTD). However, what caught my eye is that the company has been growing its cash reserves atThis article was written byStella Mwende2.07K FollowersFollowI have more than five years experience in the financial industry. I focus mostly in the commodities, foreign exchange and cryptocurrencies. I also write on general issues like equity research, economics and geopolitics.Fellow contributor Crispus Nyaga is my colleague.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.