NextDecade (NEXT) Soars 11% on US-Iran Uncertainties

NextDecade Corp. (NASDAQ:NEXT) is one of the 10 Stocks Investors Dominating the Market Today.

NextDecade rallied for a third straight day on Thursday, jumping 11.04 percent to finish at $8.15 apiece, as investors poured funds back into oil and gas stocks over growing doubts over a potential peace deal between the US and Iran.

NextDecade Corp. (NASDAQ:NEXT) rallied alongside its counterparts, tracking the energy rally. Crude benchmark indices Brent and WTI jumped by 4.13 percent and 3.28 percent, respectively, while natural gas was up by 0.36 percent.

NextDecade

Photo from NextDecade Corp.’s website

Earlier this week, President Donald Trump announced that the US would halt from striking Iran for 10 days to give way for negotiations. However, market confidence appeared to have wavered after Iran denied that talks were underway.

With uncertainties ongoing, investors have resumed buying positions in stocks seen to benefit from the prolonged tensions, with concerns on supply crunch and higher prices expected to support higher profit margins for the said companies, including NextDecade Corp. (NASDAQ:NEXT).

Based in the US, NextDecade Corp. (NASDAQ:NEXT) owns and operates the Rio Grande project in Texas, which is currently under development. The facility is targeted to produce 30 million tons per annum of LNG for supply to its global customers.

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