NextDecade Shares Surge as Analysts Weigh In

The natural gas company's stock jumps after a mixed analyst outlook.

Apr. 2, 2026 at 2:34pm

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Shares of NextDecade Corporation (NASDAQ:NEXT) rose sharply on Thursday, with the stock opening at $7.74 after previously closing at $7.34. The jump came as analysts from various firms commented on the company, with some maintaining a 'hold' rating while others adjusted their price targets.

Why it matters

NextDecade is a Houston-based liquefied natural gas (LNG) company focused on developing large-scale LNG export facilities. The company's flagship project, Rio Grande LNG, is located in Brownsville, Texas. Investor sentiment around NextDecade's prospects can impact the stock price and the company's ability to secure financing for its projects.

The details

Analysts at Weiss Ratings reiterated a 'sell (e+)' rating on NextDecade shares, while Morgan Stanley decreased their target price from $10 to $7. Capital One Financial initiated coverage on the stock with an 'overweight' rating and a $7 price target. Finally, TD Cowen reduced their price objective from $7 to $6 and maintained a 'hold' rating.

  • NextDecade shares closed at $7.34 on Wednesday, April 1, 2026.
  • The stock opened at $7.74 on Thursday, April 2, 2026.

The players

NextDecade Corporation

A Houston-based liquefied natural gas (LNG) and decarbonization company focused on the development, engineering, construction and operation of large-scale LNG export facilities.

Rio Grande LNG

NextDecade's flagship LNG export project, located at the Port of Brownsville in southern Texas.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee

The takeaway

The mixed analyst views on NextDecade highlight the uncertainty surrounding the company's prospects, as it navigates the challenges of developing large-scale LNG projects in a competitive global market. Investors will be closely watching for updates on the company's progress and its ability to secure the necessary financing and regulatory approvals to bring its projects to fruition.