Why These 10 Small-Cap Stocks Are Skyrocketing

8. 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.