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New Fortress Energy Inc. faces severe challenges with a 90% YTD stock decline and a $9B debt burden but retains significant upside potential. Key catalysts for NFE include a possible $20B Puerto Rico contract, a $659MM FEMA claim, new plant startups in Brazil, and asset monetization. Risks remain high due to imminent debt maturities and potential bankruptcy, but management's private equity expe...
Shares of New Fortress Energy (NFE -9.22%) fell this week, finishing down 24%. The drop came as the S&P 500 and Nasdaq-100 lost 2.4% and 2.3%, respectively.
Shares of New Fortress Energy (NFE -8.02%) fell on Wednesday, finishing the day down 8%. The drop came as the S&P 500 and Nasdaq Composite gained 0.5% and 1.1%, respectively.
September was nothing short of a wild roller coaster for investors in New Fortress Energy (NFE -0.81%). The stock nosedived over 45% in the second week of September, only to stage a stunning comeback and soar over 40% in a single day on Sept.
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) today announced that it has achieved first fire at its 624 MW CELBA 2 Power Plant in northern Brazil, marking a major operational milestone toward commercial operations. The first fire signifies the successful initial ignition of the plant's gas turbines and the start of the hot commissioning process. COD for the ...
Shares of New Fortress Energy (NFE 8.25%) jumped on Wednesday, finishing the day up 8% as of 3:18 p.m. ET, and they had gained as much as 42.5% earlier in the day.
Puerto Rico has negotiated a $4 billion liquefied natural gas contract with New Fortress Energy , Governor Jenniffer Gonzalez said on Tuesday in a post on social media.
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced today that it has reached agreement on contract terms with the Third-Party Procurement Office (“3PPO”) and the Puerto Rico Public-Private Partnerships Authority (“P3A”) for the long-term supply of liquefied natural gas (“LNG”) to Puerto Rico. The contract is currently under review for approval by the Fin...
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