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Here is Why New Fortress Energy (NFE) Fell This Week
Yahoo Finance· 2026-01-02 16:18
Core Viewpoint - New Fortress Energy Inc. (NASDAQ:NFE) is experiencing significant financial challenges, leading to a decline in its share price and a downgrade in its credit rating by S&P [1][3]. Financial Performance - The share price of New Fortress Energy fell by 5.98% from December 23 to December 30, 2025, marking it as one of the energy stocks that lost the most during that week [1]. - The company has been facing mounting debt, with a total outstanding debt of $6.6 billion [4]. Credit Rating and Liquidity - S&P downgraded New Fortress Energy's issuer credit rating from 'CCC-' to 'SD' (Selective Default) on December 23, reflecting concerns over the company's liquidity, which was assessed as 'weak' [3]. - The downgrade followed the company's announcement of entering a forbearance agreement with lenders after missing interest payments and indicating it would not make principal payments due at year-end [3][4]. Debt Restructuring - The forbearance agreement with lenders is set to expire on January 9, after which lenders may demand immediate payment of the outstanding debt, potentially leading to a restructuring [4]. - S&P anticipates that a debt restructuring that equates to a default is likely to occur within the next few weeks [4].
S&P Downgrades New Fortress Energy (NFE) Amid Financial Troubles
Yahoo Finance· 2025-12-26 04:35
The share price of New Fortress Energy Inc. (NASDAQ:NFE) fell by 11.54% between December 17 and December 24, 2025, putting it among the Energy Stocks that Lost the Most This Week. S&P Downgrades New Fortress Energy (NFE) Amid Financial Troubles New Fortress Energy Inc. (NASDAQ:NFE) owns and operates natural gas and LNG infrastructure and an integrated fleet of ships and logistics assets to rapidly deliver turnkey energy solutions to global markets. New Fortress Energy Inc. (NASDAQ:NFE) made headlines an ...
New Fortress Energy (NFE) Rebounds Following Puerto Rico Deal
Yahoo Finance· 2025-09-18 18:43
Group 1 - New Fortress Energy Inc. (NFE) experienced a significant share price increase of 42.86% from September 9 to September 16, 2025, making it one of the top-performing energy stocks during that week [1] - The company specializes in owning and operating natural gas and LNG infrastructure, along with an integrated fleet of ships and logistics assets to provide energy solutions globally [2] - NFE's rebound followed the announcement of a $4 billion LNG contract with Puerto Rico, which is a 7-year agreement with an option to extend for three additional years, addressing the company's challenges related to debt and profitability [3] Group 2 - The LNG contract with Puerto Rico is pending approval from the Financial Oversight and Management Board of Puerto Rico, which is crucial for the agreement to take effect [3]
New Fortress Energy (NFE) Slumped Following Disastrous Q2 Results
Yahoo Finance· 2025-09-16 12:47
Company Overview - New Fortress Energy Inc. (NASDAQ:NFE) operates natural gas and LNG infrastructure along with an integrated fleet of ships and logistics assets to provide energy solutions globally [2]. Financial Performance - The company reported a significant decline in revenue and profitability in Q2 2025, leading to a plunge in share price [3]. - The share price fell by 46.53% between September 5 and September 12, 2025, and has decreased by over 90% since the beginning of 2025 [1][3]. Operational Challenges - New Fortress Energy warned that it may not meet all requirements in at least one of its revolving credit facilities for the current quarter, raising concerns about potential bankruptcy [3].