New Fortress Energy (NASDAQ:NFE) Price Target Cut to $45.00

New Fortress Energy (NFE) is a company that operates in the energy sector, with a focus on natural gas liquefaction and storage. The company's stock is listed on the NASDAQ Global Select Market under the ticker symbol NFE.

On August 12, 2021, New Fortress Energy announced that it had lowered its price target for the stock to $45.00 from a previous target of $60.00. The company cited several factors that contributed to this decision, including increased competition in the natural gas liquefaction market and higher operating costs due to inflation and supply chain disruptions.

In addition to these challenges, New Fortress Energy also faces regulatory risks related to its operations in certain jurisdictions, as well as potential changes in government policies related to energy production and consumption. These factors have contributed to the company's decision to lower its price target for the stock.

It is important to note that a price target is simply an estimate of a stock's future price, and it is not a guarantee of future performance. Investors should carefully consider their own financial situation and investment goals before making any decisions about buying or selling stocks.