15 Energy Infrastructure Stocks That Are Skyrocketing

7. Excelerate Energy, Inc. (NYSE:EE)

Returns in Past 6 Months: 65.86%

Number of Hedge Fund Investors: 15

Excelerate Energy, Inc. (NYSE:EE) is a leading provider of integrated liquefied natural gas (LNG) solutions. The company specializes in floating LNG regasification infrastructure, LNG supply, and energy delivery services. Excelerate Energy, Inc. (NYSE:EE) operates both LNG carriers and Floating Storage Regasification Units (FSRU), a vessel that stores LNG and turns it back into gas, once it arrives at its destination.

The stock price of Excelerate Energy, Inc. (NYSE:EE) has increased significantly over the last six months, driven by the company’s strong financial performance and growth prospects. Additionally, the company’s decision to more than double its quarterly dividend has also provided a positive catalyst for the stock. Excelerate Energy, Inc. (NYSE:EE) has signed a strategic partnership agreement with PetroVietnam Technical Services Corporation to develop FSRU-based LNG solutions in Vietnam. This partnership has provided a new market opportunity for Excelerate Energy, Inc. (NYSE:EE).

Excelerate Energy, Inc. (NYSE:EE) has also signed midterm agreements to purchase and sell approximately 0.65 million tons of LNG in one of the Atlantic Basin regions, which will help optimize its supply portfolio and support commercial opportunities in its pipeline. This agreement, along with others is expected to provide a stable source of revenue and help to drive growth for the company. Furthermore, Excelerate Energy, Inc.’s (NYSE:EE) ability to buy and sell LNG at the prices from the European natural gas index, helps to derisk margin and provides a competitive advantage in the market.