Guggenheim lowered the firm’s price target on Venture Global (VG) to $20 from $27 and keeps a Buy rating on the shares after the company reported Q4 earnings that missed consensus estimates and issued 2025 guidance below consensus. The “constructive news” around Plaquemines pre-commissioning progress ahead of schedule and progress towards a CP2 final investment decision was overshadowed by announced capital cost inflation at the Plaquemines project, the analyst tells investors in a post-earnings note.
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Read More on VG:
- Venture Global price target lowered to $20 from $29 at Goldman Sachs
- Venture Global price target lowered to $15 from $17 at Scotiabank
- Venture Global earnings selloff overdone, says Mizuho
- Venture Global Reports Strong 2024 Earnings and Growth
- Venture Global announces plans for brownfield expansion at Plaquemines
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