Why Venture Global (VG) Is Climbing Today

Venture Global (VG) is advancing 6% after Bank of America started coverage of the shares with a $23 price target and a Buy rating. VG develops natural gas liquefaction and export projects in the Gulf of Mexico area.

Why Bank of America Is Bullish on VG

The bank is upbeat on VG’s modular approach to liquified natural gas (LNG) production, and the bank believes that this method will serve it well in the global LNG market. Bank of America asserts that the company’s liquefaction fees will be quite competitive.

A deep sea tanker vessel laden with liquified natural gas, contrailing a majestic stream of white smoke.

Additionally, VG’s ability to produce LNG within 2.5 years is another competitive advantage for it, according to the bank. Bank of America believes that the firm’s market share may be significant by the early 2030s. And importantly, the bank estimates that VG’s annual EBITDA can reach $11.8 billion by 2030, driven by its expected annual production capacity at that time of 80.8 million tonnes.

Additional Information About VG 

Analysts on average expect the firm’s earnings per share to come in at $2 this year, versus a per share loss of $113.33 in 2024.

The shares began trading on Jan. 24. In the last five trading days, they have dropped 1%.

While we acknowledge the potential of VG, our conviction lies in the belief that some 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 VG 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.