New Fortress Energy Inc. Class A (NFE)

The past six months have seen significant volatility in New Fortress Energy's stock price. The stock experienced a substantial decline, dropping from $8.54 on October 28, 2024, to $1.72 on October 24, 2025. In April 2025, NFE's stock saw a surge of 7.59% following positive market sentiment driven by contract extensions and asset sales, including the sale of its Jamaican operations to Excelerate Energy for $1.06 billion and an extension of a gas contract with the Puerto Rico Electric Power Authority (PREPA). The company received notices from Nasdaq regarding non-compliance with listing rules due to delayed filings in May and August 2025. In July 2025, the Puerto Rican government initially rejected NFE's proposed $20 billion, 15-year LNG supply contract, and in August 2025, a dispute over unpaid shipments to Puerto Rico led to a decline in NFE's shares. A U.S. district judge issued a temporary injunction, blocking NFE from delivering LNG shipments into Puerto Rico, causing the stock to fall. In September 2025, the Puerto Rican government agreed to a smaller $4 billion, seven-year contract, causing the stock to increase after a previous decrease due to a dismal earnings report.

The demand for New Fortress Energy's products and services is generally influenced by seasonality. Natural gas demand for power generation typically increases during periods of extreme temperatures, both hot and cold. In warmer climates, demand for electricity rises due to increased air conditioning usage, while in colder regions, natural gas is used for heating and power generation. NFE, operating in diverse geographies, would likely experience fluctuations in demand tied to these weather patterns.

New Fortress Energy Inc. (NFE) is a global integrated gas-to-power energy infrastructure company founded in 2014, providing energy and development services worldwide. The company operates in the Utilities sector and the Regulated Gas or Oil & Gas Midstream industry. NFE's business is divided into Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment focuses on natural gas procurement and liquefaction, along with the logistics, shipping, facilities, conversion, or development of natural gas-fired power generation. The Ships segment provides floating storage and regasification units (FSRUs) and liquefied natural gas (LNG) carriers, which are leased to customers under long-term or spot arrangements. NFE deploys modular and scalable LNG infrastructure, including its proprietary "Fast LNG" technology, to deliver reliable and cost-effective energy to diverse customer bases and is actively investing in innovative hydrogen projects.

New Fortress Energy has a significant market presence across North America, the Caribbean, and Latin America, with a growing global footprint. The company operates or is developing projects in various locations, including the USA, Mexico, the Caribbean, and Latin America, and has explored opportunities in Europe, Asia, and Africa. Its headquarters are located in New York City, New York, United States.

New Fortress Energy's brand reputation over the past year has been mixed. The company achieved "First LNG" for its initial Fast LNG asset offshore Altamira, Mexico, and "first fire" at its 624 MW CELBA 2 Power Plant in northern Brazil. NFE also secured a significant 15-year contract to supply LNG to multiple power plants in Puerto Rico, although this deal faced initial rejection and subsequent renegotiation. However, the company issued a "going-concern warning" in late 2024, and the stock has experienced a substantial decline. NFE received multiple notices from Nasdaq for non-compliance due to delayed quarterly report filings. A proposed $20 billion natural gas supply contract in Puerto Rico was rejected, and a U.S. district judge issued a temporary injunction, halting NFE's LNG shipments into Puerto Rico. S&P Global Ratings also downgraded New Fortress Energy, and a federal securities fraud class action lawsuit was filed against the company.

New Fortress Energy Inc. has a significant portion of its stock held by institutional investors, approximately 80.63% as of April 17, 2025. Major institutional owners include Great Mountain Partners LLC, Rubric Capital Management LP, BlackRock, Inc., Vanguard Group Inc, Fortress Investment Group LLC, Primecap Management Co/ca/, and Capital World Investors. Individual investors hold around 5.62%, while insiders own approximately 13.75% of the stock, with Wesley Edens, the CEO, owning the most shares among individual investors.