Why NextDecade Stock Is Rallying Higher Wednesday
Portfolio Pulse from Erica Kollmann
NextDecade Corporation's stock is rallying 45% higher after announcing framework agreements with Global Infrastructure Partners and TotalEnergies for the development of the Rio Grande LNG project. GIP will become a majority investor in Phase 1, and TotalEnergies will hold a 16.67% stake.
June 14, 2023 | 6:47 pm
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NextDecade's stock is rallying 45% higher after announcing framework agreements with Global Infrastructure Partners and TotalEnergies for the Rio Grande LNG project.
The stock price of NextDecade is rallying due to the announcement of framework agreements with Global Infrastructure Partners and TotalEnergies for the development of the Rio Grande LNG project. These partnerships will provide significant financial support and expertise, making the project more likely to succeed and positively impacting the company's stock price in the short term.
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