Cool Company: Quality Fleet, 73% PNAV, And 14.7% Yield; Rating Unchanged

alvarezNote: I previously covered Cool Company (NYSE:CLCO) in February 2024. I discussed the company’s strengths: its fleet with TF-DE/XDF engines (plus two new builds equipped with ME-GA engines), attractive dividend yield, reasonable valuation, and robust finances. CLCO will benefit from replacing LNG carriers powered by steam turbines and rising LNG demand globally. I gave CLCO a strong buy rating, considering its merits. In today’s note, I will review the last results for 2023 and 4Q23 reported at t ...