11 High Growth Utility Stocks To Invest In Now

2. New Fortress Energy Inc. (NASDAQ:NFE)

Number of Hedge Fund Holders: 34

Average 5-Year Revenue Growth: 94.98%

New Fortress Energy Inc. (NASDAQ:NFE) is a New York-based company that provides natural gas and power solutions worldwide. NFE builds gas infrastructure and leases LNG carriers and floating storage units. The company operates facilities in Jamaica, Puerto Rico, Mexico, Brazil, and the United States, aiming to make cleaner energy more accessible and reliable. It is one of the best high growth stocks to invest in.

On March 28, Stifel analysts maintained a Buy rating on New Fortress Energy Inc. (NASDAQ:NFE) with a $16 price target. The analysts observed that NFE sold its Jamaican operations to Excelerate Energy for $1.055 billion, a move that is expected to help reduce its $9.5 billion debt. While the stock price dropped after the announcement, Stifel sees it as a good buying opportunity, believing the sale will improve the company’s financial stability and open up future growth prospects.

In Q4 2024, New Fortress Energy Inc. (NASDAQ:NFE) outperformed expectations with adjusted EBITDA of $313 million, surpassing the forecast of $200-$220 million.  A major achievement was the completion of NFE’s Fast LNG asset, which is now operational and will secure future LNG supply. The company also extended its gas supply contract in Puerto Rico, aiming to reduce emissions and cut costs. In Brazil, its power plant projects are progressing well, and they are positioned to take advantage of upcoming power auctions.

According to Insider Monkey’s Q4 data, 34 hedge funds reported owning stakes in New Fortress Energy Inc. (NASDAQ:NFE), compared to 17 funds in the prior quarter. David Rosen’s Rubric Capital Management was the largest stakeholder of the company, with 15 million shares valued at $226.8 million.