Capital Clean Energy Carriers initiated with a Buy at BTIG

BTIG initiated coverage of Capital Clean Energy Carriers (CCEC) with a Buy rating and $25 price target The firm says liquified natural gas infrastructure is going through a “super-cycle” with global LNG liquefaction capacity expected to eclipse 700 million tonnes per annum by 2030, or 40% growth from current levels. BTIG says that after taking its final newbuild deliveries in 2027, Capital Clean Energy will own 28 gas carriers with an estimated fleet value of $4.8B. The company is positioned to benefit from the ongoing LNG infrastructure buildout, the firm contends.