Why These Energy Stocks Are Losing This Week

2. NextDecade Corporation (NASDAQ:NEXT)

Share Price Decline Between Sep 5 – Sep 12: 36.01%

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.