NextDecade soars as Evercore ISI sees LNG export plant added to … – Seeking Alpha

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NextDecade (NASDAQ:NEXT) closed +9% in Friday’s trading after Evercore ISI said the company’s planned Rio Grande LNG export terminal is on the docket for the Federal Energy Regulatory Commission’s April meeting.
NextDecade (NEXT) already has contracted 10.75M tons of offtake, and Rio
“It is rumored that commercial off-takers, prospective project equity backers, and the debt syndicate are all contingent on a new FERC authorization, which we believe could be approved at the April FERC meeting,” Morgan wrote.
A FERC reauthorization might help NextDecade (NEXT) regain operational momentum, which should help the stock price performance, according to Morgan.
NextDecade (NEXT) has criticized FERC for “inexcusable delays” in reviewing information that would help it move ahead with the Rio Grande LNG project.


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