Jun. 24 at 12:31 PM
$NEXT TD Cowen Best Smidcap Ideas: Upgrade To Buy With Visibility To More Project Sanctions
“We upgrade NEXT to Buy as we have line-of-sight to Rio Grande LNG not only sanctioning Train 4, but also Train 5. The company should provide additional financial transparency after FID, increasing investor confidence. We see potential for NEXT to continue to contract volumes for additional trains as the SPA market remains active, with industry potentially looking past near-term weakness."