New Fortress Energy Jumps: Time To Invest?

From yesterday, SunPower’s stock worth has been increasing with continuous speed and showing active volume through the stock chart. The increase could be seen from $26 to $32, which represents a 23% surge. The change in the stock price of the company could be connected with the latest announcement. The company has raised its operating margin outlook. The company is targeting a Q4 operating margin goal of $374M, more than double its previous $170M goal.

The company is continuing to have conversations with a number of potential gas sellers. Despite, the company has not finalized its ultimate gas source, they continue to believe that there is a high probability that we will do so before construction is completed in 2022. Additionally, the company has finalized a contract with the government of Sri Lanka for the LNG Terminal.