We recently published an article titled Why These 10 Small-Cap Stocks Are Skyrocketing. In this article, we are going to take a look at where New Fortress Energy Inc. (NASDAQ:NFE) stands against the other small-cap stocks.
Wall Street is increasing its bet on small-cap stocks, suggesting that the sector will potentially outperform in 2025. The reasons behind this are simple. While stable rates will be one of the biggest tailwinds for small-cap names, analysts also expect stronger valuations and solid earnings growth from the sector in the year ahead. Most importantly, with expectations tied to the market broadening, investors and analysts are excited to see how the market conditions pan out for small caps.
Ten companies in diverse sectors such as the financials, healthcare, technology, and energy industries, locked in overall positive market gains due to supportive market conditions, macroeconomic environment, and growth potential. That said, let’s take a look at the 10 small-cap stocks that happen to be skyrocketing.
To come up with the 10 names, we only considered stocks with a market capitalization between $1 billion and $10 billion. We then shortlisted the stocks based on their performance in the past quarter and picked the top 10 with the highest 30-day return from December 16, 2024, to January 16, 2025.
A cutaway view of a modern energy infrastructure and its power generation facilities.
New Fortress Energy Inc. (NASDAQ:NFE)
30-day Return as of January 16, 2024: 25%
New Fortress Energy Inc. (NASDAQ:NFE) rose to $14.91 on January 16, a 25% jump from its share price on December 15, 2024. New Fortress Energy Inc. (NASDAQ:NFE) is a provider of clean and affordable liquefied natural gas, with a mission to provide cheaper energy solutions to people across the globe.
On December 23, 2024, Benjamin Nolan, analyst at Stifel, raised his price target for the stock to $17 from $16, maintaining a buy rating on the stock. The analyst is confident that the company will likely sell most of its Jamaica operation for something close to $1 billion. In addition to that, Nolan expects its Puerto Rico business to register stronger growth given that the business is currently accelerating, ramping up its cash flows with little to no investment required.
On the financial front, New Fortress Energy Inc. (NASDAQ:NFE) has grown its revenue by 11.48% year-over-over. NFE is expected to carry forward this momentum as it continues to sign new long-term deals and projects. For instance, on December 11, NFE executed a 10-year charter for Energos Eskimo, which is expected to begin operations in the Summer of 2025.
Overall NFE ranks 8th on our list of the small-cap stocks that are skyrocketing right now. While we acknowledge the potential of NFE as an investment, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NFE but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
