Why New Fortress Energy Stock Sank Today
New Fortress Energy(NFE) The Motley Fool·2025-05-21 20:37Shares of New Fortress Energy (NFE -14.54%) fell on Wednesday. The company's stock plummeted 14.5% as of market close. The leg down comes as the S&P 500 (^GSPC -1.61%) and the Nasdaq Composite (^IXIC -1.41%) lost 1.6% and 1.4%, respectively.New Fortress is excluded from Puerto RicoThe liquefied natural gas (LNG) company will not be able to take part in a key government auction in Puerto Rico. It was revealed late yesterday that New Fortress has been disqualified from a Puerto Rican government auction to sec ...