BUZZ-Venture Global wins Wall Street's favor with strong growth potential

Updates

Wall Street brokerages initiate coverage on U.S. liquefied natural gas (LNG) company Venture Global VG.N with most having a bullish view on stock

Shares of VG rise 6.4% to $16.97, hitting a one-week peak

JPM, Citigroup, RBC, Guggenheim, Mizuho, Scotiabank, Deutsche Bank began coverage following the expiry of the mandated quiet period

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

*Mizuho believes VG's unique business model will generate significant internal cash flow and make it one of the largest LNG exporters globally, and near-term successes, like the Plaquemines project, will validate VG's growth potential

Citigroup starts coverage with a "neutral" rating, warning of lower margins and volatile earnings from 2027 due to global LNG oversupply, despite co's strengths

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

Following are brokerages' ratings and PT on VG stock that started coverage: