Hoegh LNG stock enjoyed a strong day’s trading on Wednesday following an upgrade by Carnegie.

Shares in the Oslo-listed FSRU specialist climbed to a high of NOK 43.25 ($5.52) each today and were trading up almost 5% in late afternoon.

The rise came after Carnegie’s Ola Rugsveen raised Hoegh LNG to buy, suggesting sentiment in the FSRU sector is set to improve.