Why New Fortress Energy Stock Crashed After Earnings
Investors are right today. This stock is a sell.
Liquefied natural gas (LNG) stock New Fortress Energy (NASDAQ: NFE) imploded in morning trading Thursday after reporting staggering losses and a big asset sale.
Expected to lose $0.05 per share, New Fortress instead reported last night that it lost $0.73 per share in Q1 2025. Shares plunged 62.6% through 10:35 a.m. ET.
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