A rally in New Fortress Energy's share price is helping generate tailwinds for the upcoming initial public offering of Golar LNG spin-off Hygo Energy Transition, analysts said.
US-listed charterer and LNG terminal company New Fortress saw its stock jump 11% on Tuesday.
It is now trading at 13 times Fearnley Securities' 2022 and 2023 estimates of the enterprise value-to-Ebitda ratio.
