New Fortress Energy Stock Gets A Billion Dollar Bounce

Core Insights - New Fortress Energy, Inc. (NFE) shares experienced a significant increase following the conditional approval of a liquefied natural gas supply contract valued at approximately $3.2 billion [2][4]. Group 1: Deal Details - The Financial Oversight and Management Board for Puerto Rico announced a seven-year liquefied natural gas supply deal with New Fortress, which is valued at around $3.2 billion [2]. - Final approval of the contract is contingent upon the Puerto Rican government revising the current tolling term sheet and ensuring competitive open port access [3]. Group 2: Financial Context - The contract represents a crucial long-term revenue stream for New Fortress Energy, which has been facing significant debt and financial pressures [4]. - The company has issued multiple going concern warnings over the past year, indicating increasing liquidity concerns, with the most recent warning noted in its Q3 2025 report [5]. - New Fortress Energy's stock has plummeted over 90% in 2025, with a 52-week high of $16.66 per share [5]. Group 3: Stock Performance - Following the announcement of the deal, New Fortress Energy shares rose by 12.7%, reaching $1.38 at the time of publication [6].