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Why New Fortress Energy Stock Imploded This Week
Shares of New Fortress Energy (NASDAQ: NFE) were in free fall this week. The company's stock plummeted 62.7% as of 1:55 p.m. on Friday. The collapse came as the S&P 500 and the Nasdaq Composite both saw major gains.The liquefied natural gas (LNG) company reported its first-quarter numbers this week, revealing a staggering loss much more significant than Wall Street expected.New Fortress Energy reported a Q1 2025 loss of $0.73 per share, much worse than analysts had expected and well below last year's Q1 net profit of $0.26 per share.Continue reading
Shares of New Fortress Energy (NASDAQ: NFE) were in free fall this week. The company's stock plummeted 62.7% as of 1:55 p.m. on Friday. The collapse came as the S&P 500 and the Nasdaq Composite both saw major gains.
The liquefied natural gas (LNG) company reported its first-quarter numbers this week, revealing a staggering loss much more significant than Wall Street expected.
New Fortress Energy reported a Q1 2025 loss of $0.73 per share, much worse than analysts had expected and well below last year's Q1 net profit of $0.26 per share.
