Initiated Buy X

NEXT NextDecade

Seaport Research Partners

$15

Reiterated Buy X

NEXT NextDecade

TD Cowen

$7 $9

Upgrades Peer Perform Outperform X

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Wolfe Research

$8

Upgrades Hold Buy X

NEXT NextDecade

Stifel

$7.50 $9

Upgrades Sell Hold X

NEXT NextDecade

Stifel

$4.50 $6

Downgrades Hold Sell X

NEXT NextDecade

Stifel

$2 $4

Downgrades Outperform Neutral X

NEXT NextDecade

Credit Suisse

$3 $7.50

Upgrades In-line Outperform X

NEXT NextDecade

Evercore ISI

$3 $9

Upgrades Eq-Weight Overweight X

NEXT NextDecade

Morgan Stanley

$2 $6

Upgrades Underweight Eq-Weight X

NEXT NextDecade

Morgan Stanley

$2

Upgrades Neutral Outperform X

NEXT NextDecade

Credit Suisse

$3

NEXT  NextDecade Corporation

NextDecade Corporation, formerly Harmony Merger Corp., is a development and management company. The Company is engaged in developing of land-based Liquefied Natural Gas (LNG) projects and associated pipelines in the integrated gas industry in the State of Texas. The Company is focused on providing solutions for LNG across the full value chain. The Company is developing a land-based LNG project called Rio Grande LNG, which includes the development of a new natural gas pipeline, treatment and liquefaction facilities, as well as onsite LNG storage and distribution facilities. The Company’s RGLNG project is located in close proximity to associated and stranded gas resources in the Permian Basin and Eagle Ford Shale. The Pipeline consists of two parallel, buried 42 inches outside-diameter pipelines running between the terminal and the pipeline’s northern terminus, a distance of approximately 137 pipeline miles, and related facilities.