GLNG - Golar LNG Entering The Clean Energy Space
- Golar LNG is entering the clean energy space, following the steps of New Fortress Energy.
- Even though both Golar and New Fortress focus on LNG, New Fortress also announced it is entering the green hydrogen space.
- On a YTD basis, GLNG is down 35% while New Fortress is up by almost 200%.
- Why? Despite solid progress on its LNG projects, New Fortress has been bundled into the 'clean energy' stocks. Time for Golar to get similar recognition?
- Golar's equity offering addresses short-term liquidity issues. The next step is to sort out Hygo's IPO. Then, Golar has multibagger potential.
For further details see:
Golar LNG Entering The Clean Energy Space