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Why Did New Fortress Energy Stock (NFE) Plummet 24% This Week?
The Motley Fool· 2025-10-10 20:58
The indebted energy company's stock fell. Here's why.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.The embattled liquified natural gas (LNG) company was blocked from delivering LNG shipments into Puerto Rico by a U.S. district judge. A temporary injunction was issued after a group of marine pilots filed a lawsuit alleging the company's vessels were unsafe.The company is appealing the ruling, saying ...