Angelica Ballesteros
2 min read
In This Article:
We recently published a list of Investors Are Gobbling Up Shares of These 10 Firms. In this article, we are going to take a look at where Venture Global, Inc. (NYSE:VG) stands against other top-performing companies on Tuesday.
Venture Global rallied by 8.37 percent on Tuesday to end at $17.04 apiece as investors resumed bargain-hunting following the commencement of its $28 billion liquefied natural gas (LNG) facility in Louisiana.
Called the CP2 LNG, the facility will sit on a 1,150-acre site in Cameron Parish and is expected to be able to export at least 20 million tons of LNG per annum.
According to the company, the new facility is also expected to generate 10,500 jobs, of which 7,500 will start during the construction, and 3,000 upon commercial operations.
It is also expected to pay more than $4 billion in local property taxes once the LNG comes into full swing.
A deep sea tanker vessel laden with liquified natural gas, contrailing a majestic stream of white smoke.
Venture Global, Inc. (NYSE:VG) said it targets to kick off commercial operations in 2027.
The facility is expected to make Venture Global, Inc. (NYSE:VG) the largest LNG exporter in the US, and the second largest in the world.
Overall, VG ranks 2nd on our list of top-performing companies on Tuesday. While we acknowledge the potential of VG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
