New Fortress Energy Inc.
Company Name | New Fortress Energy Inc. |
Stock Symbol | NFE |
On May 14, 2025, New Fortress released its first quarter 2025 financial results, reporting revenue of $470.5 million, missing consensus estimates. The same day, Reuters published an article stating that New Fortress’s “financial woes stem from its inability to secure [liquefied natural gas] for its power-generation assets in Latin America on long-term agreements because its credit was not rated investment-grade and had to acquire the gas at higher prices.”
On this news, New Fortress’s stock price fell $4.27, or 63%, to close at $2.51 per share on May 15, 2025, thereby injuring investors.
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