Wells Fargo Keeps Equal Weight on Venture Global (VG) Amid CP2 and Plaquemines Growth

Venture Global, Inc. (NYSE:VG) ranks among the best stocks under $25 to buy now. Wells Fargo reduced its price target for Venture Global, Inc. (NYSE:VG) to $8 from $11 on December 15, maintaining an Equal Weight rating on the company’s shares. The firm identified operating expenses as a critical variable in its study, estimating cash operating expenses of $462 million in Q4 2025 and $2.0 billion in 2026.

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Wells Fargo pointed out that these increases reflect Venture Global’s expanding asset base, which includes more vessels, trains, and customers, as well as labor prices and development costs associated with CP2 and the Plaquemines expansion.

Moreover, the company has been on a spree of partnerships, having signed a long-term LNG sales and purchase agreement (SPA) with Japan’s Mitsui & Co. last month. This follows two long-term LNG deals signed by the US player with European partners, one with Greece’s Atlantic-See LNG and the other with Spain’s Naturgy. In particular Atlantic-See LNG, a recently established joint venture between the Greek firms AKTOR and DEPA, agreed to purchase at least 0.5 mtpa of U.S. LNG from Venture Global, Inc. (NYSE:VG) for a period of 20 year beginning in 2030.

Venture Global, Inc. (NYSE:VG) is involved in the construction and development of liquefied natural gas production. The company’s projects include Calcasieu, Plaquemines, CP2, CP3, and Delta projects.

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