Shares of NextDecade climbed nearly 7% as governments seek alternative energy supplies amid Middle East conflict. The energy and defense sectors face potential impacts from ongoing geopolitical tensions.
- NextDecade's stock price rose nearly 7% on Thursday.
- Middle East conflict is driving governments to seek alternative energy supplies.
- President Trump's remarks did not ease concerns about the closure of the Strait of Hormuz.
- NextDecade is a leader in LNG production and export facilities.
- The closure of the Strait affects 20% of global oil and gas shipments.
- Analysts have not included NextDecade in their top 10 stock recommendations.
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