10 Best Infrastructure Stocks To Buy Now

3. Cheniere Energy, Inc. (NYSE:LNG)

Number of Hedge Fund Holders In Q2 2024: 65

Cheniere Energy, Inc. (NYSE:LNG) is a liquefied natural gas (LNG) infrastructure operator with facilities in Louisiana and Texas. It is one of the handful of American firms that seized the opportunity after the Russian invasion of Ukraine to grow their LNG exports to Europe. Cheniere Energy, Inc. (NYSE:LNG)’s European LNG exports sat at roughly 67% of its total exports in 2023. This can provide the firm with an enduring market particularly since the Russian invasion and the corresponding sanctions have permanently altered the structure of European energy demand. Additionally, Cheniere Energy, Inc. (NYSE:LNG)’s key European and Asian markets are also increasing their regasification capacity, which can boost the demand for the firm’s products. However, efforts by other countries to promote local energy sources or store most of their imports can lead to headwinds. Cheniere Energy, Inc. (NYSE:LNG)’s exposure to Asia, and China and particular, could see business threatened by sanctions or global supply chain disruptions.

TimesSquare Capital Management mentioned Cheniere Energy, Inc. (NYSE:LNG) in its Q1 2024 investor letter. Here is what the fund said:

“The strategy’s top detractor was the -5% retrenchment from Cheniere Energy, which operates liquid natural gas (LNG) liquefaction facilities for the global transportation of LNG. While revenues and earnings were as expected, management’s initial guidance for the new fiscal year was lower than anticipated. Cheniere was conservative—appropriately so in our view—regarding plant volumes as election-year noise surrounding the regulatory environment could dampen LNG exploration and export activities.”