Sep. 2 at 7:28 PM
$NFE NFE bull case is bigger than
$415M EBITDA.
The ~
$415M 2027 target is not a ceiling.
Current plan:
•
$160M core
•
$90M Puerto Rico
•
$85M Nicaragua
•
$75M turbines
But additional Puerto Rico volumes, LNG margins, utilization and new contracts could realistically push NFE toward
$500–600M+ EBITDA.
At
$600M EBITDA × 7–8x =
$4.2–4.8B EV.
With only ~
$528M of new debt, the upside for common could be substantial even after preferred dilution.
$415M = base case.
$600M = where this gets very interesting.
At distressed pricing, the risk/reward looks asymmetric. 🚀 my own opinion do your research
