Venture Global (VG) Jumps 31% On $28-B LNG Construction Kick-Off

We recently published a list of 15 Stocks That Stole The Show Last Week. In this article, we are going to take a look at where Venture Global, Inc. (NYSE:VG) stands against other best stocks that stole the show last week.

Venture Global grew its share prices by 31.5 percent week-on-week as investor sentiment was boosted by the commencement of construction of its $28 billion liquefied natural gas (LNG) facility in Louisiana.

Called the CP2 LNG, the facility will sit on a 1,150-acre site in Cameron Parish, and is expected to be able to export at least 20 million tons of LNG per annum.

According to the company, the new facility is also expected to generate 10,500 jobs, of which 7,500 will start during the construction, and 3,000 upon commercial operations.

It is also expected to pay more than $4 billion in local property taxes once the LNG comes into full swing.

Venture Global, Inc. (NYSE:VG) said it targets to kick off commercial operations in 2027.

An investment portfolio manager at their desk, surrounded by financial documents.

The facility is expected to make Venture Global, Inc. (NYSE:VG) the largest LNG exporter in the US, and the second largest in the world.

Overall, VG ranks 4th on our list of best stocks that stole the show last week. While we acknowledge the potential of VG 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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.