Why Golar LNG Limited (GLNG) went down on Friday
Recently I published the list 10 businesses struck by poor income, gloomy outlook. In this article, we’ll see where Golar LNG Limited (NASDAQ: GLNG) competes against other Friday’s worst performance.
Wall Street’s major index recorded strong profits and ended the trading week with a strong memo as investors digested more corporate revenue results while supporting more anticipated non-farm salaries than last month.
The high-tech NASDAQ led the rally among all key indicators, finishing at 1.51%. The S&P 500 clocked at 1.47% gain, while the Dow Jones increased by 1.39%.
Despite broader market optimism, 10 companies were able to register a decline in success amid a disastrous revenue performance in the first quarter of the year. In this article, we’ll explore the worst performances of the 10 people on Friday and the reasons behind its decline.
To create the list, we only looked at stocks with a market capitalization of $2 billion and a trading volume of $5 million.
An aerial view of offshore rigs with oil storage tanks, reflecting the company’s marine infrastructure.
Golar LNG Limited (NASDAQ: GLNG)
Golar LNG won an eight-day victory on Friday, dropping 6.84%, closing at $39.64 each as investors relied on to make money to capitalise on profits from the previous day’s rally.
In recent news, Golar LNG Limited (NASDAQ:GLNG) said it hopes to win around $13.7 billion from two long-term charter agreements, including the 20-year rollout of FLNG Hilli Episeyo Vessel to serve Southern Energy SA off the coast of Argentina.
In parallel, Golar LNG Limited (NASDAQ: GLNG) also signed a 20-year binding contract for the MKII FLNG ship.
The company says that the notable provisions allow both vessels to operate perfectly, making around $100 million for an increase of more than $8 per MBTU.
Additionally, Southern Energy has the option of reducing its Charter to 12 years and MKII FLNG to 15 years, subject to three years notice and associated fees.
Overall, GLNG 10th place On the list of Friday’s worst performers. While we acknowledge the potential of GLNG as an investment, our belief lies in the belief that AI stocks provide higher returns and hold a greater commitment to doing so within a shorter time frame. There have been AI stocks that have risen since the beginning of 2025, and the popular AI stocks have lost around 25%. If you’re looking for AI stocks that are more promising than GLNG but are trading under 5x revenue, check out our report on this Cheapest AI stocks.