UBS initiated coverage of Venture Global (VG) with a Buy rating and $14 price target The firm is modeling nameplate capacity increases from current 30MTPA to 69MTPA by 2030, driven by Calcasieu Pass phase 2 and brownfield expansion at Plaquemines, the analyst tells investors. UBS believes Venture Global can run well above current nameplate capacity, and estimates the effective capacity by end of decade will be closer to 86MTPA.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VG:
- Autodesk in proxy fight, General Mills reports mixed Q3: Morning Buzz
- Venture Global receives approval from DoE to export LNG to non-FTA countries
- Trump Trade: Reciprocal tariffs still to start on April 2
- Trump administration confirms approval for Venture Global LNG exports from CP2
- Morning Movers: Ollie’s Bargain Outlet gains, General Mills slips after earnings