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Why New Fortress Energy Plunged This Week
Yahoo Finance· 2025-09-12 17:36
Key Points New Fortress reported plunging revenue and profits last Friday after the end of trading. This week, the company lost half its value as the prospect of bankruptcy looms. New Fortress is in violation of its debt covenants, and some debt could be called if an extension isn't granted. 10 stocks we like better than New Fortress Energy › Shares of liquid natural gas company New Fortress Energy (NASDAQ: NFE) plunged this week, falling 45.7% as of Friday at 12:41 PM ET. New Fortress delivered ...