New Fortress Energy Inc. (NFE) Implements Ninth Amendment to Its Letter of Credit and Reimbursement Agreement; Johnson Rice Downgrades

With a forward-price-to-earnings multiple under 15x and significant hedge fund interest, New Fortress Energy Inc. (NASDAQ:NFE) secures a spot on our list of the 10 Overlooked Energy Stocks to Buy Now.

On August 8, 2025, Fortress Energy Inc. (NASDAQ:NFE) implemented the Ninth Amendment to its Letter of Credit and Reimbursement Agreement. With this move, the company shifted the facility from uncommitted to committed status, extending the maturity to November 14, 2025, adding an asset sale sweep prepayment clause, adjusting fees and pricing, and reducing commitment from roughly $195,000 to $155,000 by October 5, 2025. This move highlights NFE’s tightened and more structured credit approach.

Meanwhile, Johnson Rice downgraded Fortress Energy Inc. (NASDAQ:NFE) from ‘Buy’ to ‘Hold’, reducing its price target from $7 to $4.

Operating through its Terminals and Infrastructure, and Ships segments, Fortress Energy Inc. (NASDAQ:NFE) provides energy infrastructure and logistics services. It is included in our list of the Overlooked Stocks.

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Disclosure: None.