BUZZ-RBC, JPM start coverage on Venture Global with bullish rating on rising LNG demand

RBC and J.P.Morgan start coverage on U.S. liquefied natural gas (LNG) company Venture Global VG.N with a bullish rating

JPM starts coverage with "overweight" rating and $25 PT; RBC starts coverage with "outperform" and $20 PT

Shares of VG up at 1.88% at $16.26 premarket

Both brokerages began coverage following the expiry of the mandated quiet period

Both JPM and RBC see VG as a key player in the LNG industry due to its efficient project execution, low-cost LNG production, and growth potential

"Venture’s "design one, build many" modular approach has disrupted the industry. VG seeks to leverage secular LNG demand...for rapid growth" - JPM

"VG can benefit from LNG sales during the longer commissioning process," RBC says

Shares of VG have been trading below IPO price of $25 having debuted at $24.05 last month