Excelerate Energy Completes Major Acquisition in Jamaica

Excelerate Energy, Inc. Class A ( (EE) ) just unveiled an update.

On May 14, 2025, Excelerate Energy, Inc. successfully completed the acquisition of New Fortress Energy Inc.’s business in Jamaica for $1.055 billion. This acquisition includes the Montego Bay LNG Terminal, the Old Harbour LNG Terminal, and the Clarendon combined heat and power plant. The transaction was funded through $1.0 billion raised in equity and debt financings, including an equity offering of eight million shares and an $800 million senior unsecured notes offering. This strategic acquisition is expected to enhance Excelerate’s downstream expansion strategy, providing stable, long-term cash flows and aligning with its operational expertise and LNG supply agreements, thereby generating substantial value for shareholders and advancing its mission to offer cleaner, cost-effective natural gas solutions in Jamaica.

The most recent analyst rating on (EE) stock is a Sell with a $29.00 price target. To see the full list of analyst forecasts on Excelerate Energy, Inc. Class A stock, see the EE Stock Forecast page.

Spark’s Take on EE Stock

According to Spark, TipRanks’ AI Analyst, EE is a Outperform.

Excelerate Energy shows a strong financial foundation, with impressive income growth and strategic acquisitions supporting future performance. While technical indicators imply caution due to potential overbought conditions, the company’s robust earnings call with increased guidance and strategic initiatives reflects positive momentum. Valuation metrics suggest a premium pricing which may be justified by the company’s growth prospects.

To see Spark’s full report on EE stock, click here.

More about Excelerate Energy, Inc. Class A

Excelerate Energy, Inc. is a U.S.-based LNG company located in The Woodlands, Texas. The company provides integrated services along the LNG value chain, offering floating storage and regasification units, LNG import infrastructure development, and LNG and natural gas supply. Excelerate has a global presence in cities including Abu Dhabi, Antwerp, Boston, Buenos Aires, Chattogram, Dhaka, Doha, Dubai, Hanoi, Helsinki, London, Rio de Janeiro, Singapore, and Washington, DC.

Average Trading Volume: 479,461

Technical Sentiment Signal: Buy

Current Market Cap: $3.32B

See more insights into EE stock on TipRanks’ Stock Analysis page.