New Fortress Energy Inc. Class A (NFE)

New Fortress Energy's stock (NFE) has experienced significant volatility and a substantial decline over the past six months. Key events impacting the stock include financial challenges with a net loss of over $1 billion, debt management issues leading to S&P downgrading New Fortress Energy to 'SD', and analyst downgrades. Despite financial challenges, the company achieved operational milestones such as the first fire at the 624 MW CELBA 2 Power Plant in Brazil in Q3 2025. The sale of Jamaican operations in Q2 2025 generated a substantial $473 million gain. In late November 2024, NFE's stock saw a 13.8% increase, and news of the European Union agreeing to massive U.S. energy purchases also caused LNG stocks, including NFE, to jump around six months ago.

Demand for New Fortress Energy's products and services is highly seasonal. In most Northern Hemisphere markets, demand typically peaks during the winter and summer. Spring and fall generally experience lower demand. In some Northern Hemisphere markets closer to the equator, summer cooling demand can sometimes exceed winter heating demand. The growing role of LNG exports is expected to increase seasonality and potentially accentuate natural gas price volatility in the U.S. markets. Global warming has led to increased natural gas consumption in Asia for electricity generation for air conditioning, potentially shifting towards two smaller peak seasons rather than one main winter peak.

New Fortress Energy Inc. (NFE) is an integrated global energy infrastructure company focused on providing natural gas-to-power solutions. The company operates within the Utilities sector, specifically in the Oil/Gas Transmission and Natural Gas Utilities industries. NFE's business model encompasses the entire supply chain, from sourcing natural gas and liquefaction to logistics, shipping, terminals, and the conversion or development of natural gas-fired power generation. Major products and services include turnkey energy infrastructure involving LNG supply, regasification, and power generation, direct LNG cargo sales, chartering of specialized vessels, and boiler conversion services.

New Fortress Energy has a global presence with operations spanning several key regions. In Brazil, the company has a significant presence, including LNG receiving facilities and power plants. United States operations include facilities in Miami and a commitment to developing a green hydrogen plant in Texas. In the Caribbean, NFE operates in Puerto Rico and is developing a natural gas-fired power plant and offshore LNG receiving facility in Nicaragua; the company previously had operations in Jamaica, which were sold in Q2 2025. NFE has an LNG receiving facility and gas-fired power plant in Baja California Sur, Mexico. The company also has operations in the UK.

New Fortress Energy's brand reputation in the past year has faced scrutiny, particularly concerning its environmental impact and financial stability. Environmental concerns have been raised regarding NFE's support for the expansion of natural gas use globally. The company's significant net loss in the nine months ended September 30, 2025, and subsequent forbearance agreements regarding debt payments, have likely impacted its financial reputation. Legal investigations into potential claims on behalf of purchasers of New Fortress Energy, Inc., could negatively affect its reputation.

New Fortress Energy Inc. has a significant portion of its shares held by institutional investors. Major institutional owners include Great Mountain Partners LLC, Rubric Capital Management LP, BlackRock, Inc., Vanguard Group Inc., and Fortress Investment Group LLC. Wesley R. Edens, the founder and CEO, is the largest individual shareholder, and Randal A. Nardone is also noted as a key individual owner.