This LNG company trading back at its IPO price is a buy


This LNG company trading back at its IPO price is a buy

Ad disclosure

Invezz is an independent platform with the goal of helping users achieve financial freedom. In order to fund our work, we partner with advertisers who compensate us for users that Invezz refers to their services. While our reviews and assessments of each product on the site are independent and unbiased, brands may pay to appear higher up our table rankings or place ads in specific areas of the site. The order in which products and services appear on Invezz does not represent an endorsement from us, and please be aware that there may be other platforms available to you than the products and services that appear on our website. Read more about how we make money >


Wajeeh Khan

Apr 24, 2022

Jim Cramer says Excelerate Energy down over 10% from its high is a buy.

He built a case for the U.S. LNG company on Mad Money this Friday.

Excelerate raised $441 million from its upsized IPO earlier this month.

Shares of the recently IPOed Excelerate Energy Inc (NYSE: EE) are down more than 10% from their high, which the famed investor Jim Cramer dubs a classic buy the dip opportunity.

Cramer’s positive view is based on strong demand

Cramer sees strong demand for the Texas-headquartered company that raised $441 million from its upsized IPO earlier this month. This Friday on Mad Money, he said:

Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

The world desperately needs LNG infrastructure. We have massive quantity of LNG in the U.S., and other places like Australia and Middle East. But the only way to transport it is very expensive. EE has floating ship-based LNG terminals that can sail to where they’re needed.

With EBITDA margin at 29.5% and the stock trading back at its IPO price (roughly), he sees Excelerate a great pick for investors interested in playing the rise of LNG.

Why else does Cramer like Excelerate Energy?

Excelerate Energy is committed to expanding its footprint in natural gas transportation, which will also serve as a catalyst for the stock price, added the Mad Money host.

Part of the idea is that they can set up shop in areas that lack developed energy infrastructure then dominate those markets. Plus, by sticking their terminals on huge ships, they can often avoid many of the regulatory hassles that make it so difficult to build LNG infrastructure.

Last week, Excelerate secured a $350 million revolving credit facility. Billionaire George Kaiser owns 77% of the NYSE-listed company at present.

Invest in crypto, stocks, ETFs & more in minutes with our preferred broker,


68% of retail CFD accounts lose money

Visit site

Energy & Power


North America

Stocks & Shares



Generated by Feedzy