NextDecade Corp (NEXT) Stock Analysis
Verdict: WATCH (do not buy)
Pre-revenue binary bet on Rio Grande LNG construction; massive debt and high valuation vs peers offset by strategic insider support.
Investment score: 44/100
Analysis as of
Is NextDecade Corp stock worth reviewing? AI model thesis
NextDecade is a pre-revenue LNG developer with extreme leverage ($8.6B debt) and high valuation (14.6x P/B). Despite strong insider backing and positive construction progress, the current stock price exceeds the consensus analyst target by 10%, offering a poor risk-reward ratio for a 90-day horizon.
7-factor investment score
- Valuation: 30/100 (weight 20%)
- Financial Health: 20/100 (weight 15%)
- Technical Momentum: 55/100 (weight 15%)
- Earnings Quality: 75/100 (weight 15%)
- Insider Sentiment: 80/100 (weight 10%)
- Analyst Consensus: 35/100 (weight 10%)
- Risk-Adjusted Return: 40/100 (weight 15%)
NextDecade Corp opportunities and risks
What speaks for NEXT
- Strategic Partnership Backing
What speaks against NEXT
- Severe Liquidity Crunch
Peers and competitors
| Ticker | P/E | P/S | EV/EBITDA | Gross margin | Net margin | FCF yield |
|---|---|---|---|---|---|---|
| NEXT | n/a | 0.0x | n/a | 0.0% | 0.0% | -282.5% |
| PAGP | 24.3x | 0.1x | 6.6x | 5.5% | 0.4% | 44.8% |
| INSW | 7.3x | 4.0x | 4.0x | 55.1% | 55.4% | 3.0% |
| EE | 27.2x | 2.9x | 11.0x | 32.9% | 3.0% | 5.1% |
| DKL | 16.2x | 2.6x | 10.2x | 19.2% | 16.0% | 3.9% |
| NGL | n/a | 0.6x | 8.3x | 23.7% | -5.7% | 12.7% |
| Peer median | 16.2x | 2.6x | 8.3x | 23.7% | 3.0% | 5.1% |
Frequently asked questions about NextDecade Corp (NEXT)
Is NEXT stock a good investment?
The cached TradeMates AI model rates NextDecade Corp as WATCH (do not buy) with an investment score of 44/100. NextDecade is a pre-revenue LNG developer with extreme leverage ($8.6B debt) and high valuation (14.6x P/B). Despite strong insider backing and positive construction progress, the current stock price exceeds the consensus analyst target by 10%, offering a poor risk-reward ratio for a 90-day horizon. This is algorithmic model output, not personal investment advice.
Is NEXT stock a buy?
The TradeMates model verdict for NEXT is WATCH (do not buy) with an investment score of 44/100. Treat this as a model signal to review, not a personal buy recommendation.