NextDecade (NEXT) Slumps Following FID on Rio Grande Train 4

The share price of NextDecade Corporation (NASDAQ:NEXT) fell by 36.01% between September 5 and September 12, 2025, putting it among the Energy Stocks that Lost the Most This Week.

NextDecade (NEXT) Slumps Following FID on Rio Grande Train 4

NextDecade Corporation (NASDAQ:NEXT) is an energy company that engages in the construction and development activities related to the liquefaction of natural gas in the United States.

NextDecade Corporation (NASDAQ:NEXT) plunged following reports that the company has made a positive final investment decision on Train 4 at Rio Grande LNG, while Trains 6-8 are currently in the development and permitting process. The LNG developer revealed that it has secured approximately $6.7 billion in committed financing for Train 4, including a $3.85 billion term loan facility, $1.13 billion in equity commitments from NextDecade, and $1.7 billion from investment partners.

However, the dip in stock price indicates that investors remain concerned about NEXT’s long-term profitability assumptions, in addition to the expected share dilution associated with Rio Grande LNG development and the significant increase in debt load.

While we acknowledge the potential of NEXT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NEXT and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None.