New Fortress Energy (NFE) Falls Over Troubles in Puerto Rico Deal

The share price of New Fortress Energy Inc. (NASDAQ:NFE) fell by 13.02% between October 3 and October 10, 2025, putting it among the Energy Stocks that Lost the Most This Week.

New Fortress Energy Inc. (NASDAQ:NFE) owns and operates natural gas and LNG infrastructure and an integrated fleet of ships and logistics assets to rapidly deliver turnkey energy solutions to global markets.

New Fortress Energy Inc. (NASDAQ:NFE) made headlines recently after it announced a seven-year, $4 billion agreement to supply Puerto Rico with LNG. However, the embattled company has now been blocked from delivering these shipments by a US district judge following a lawsuit by a group of marine pilots alleging the vessels used by the company were unsafe.

New Fortress Energy Inc. (NASDAQ:NFE) is appealing the ruling, stating that the order could have catastrophic consequences for Puerto Rico’s energy supply and that the tugboats it had contracted for the deliveries were safe.

Despite a sharp uptick last month, the share price of New Fortress Energy Inc. (NASDAQ:NFE) has now fallen by over 88% since the beginning of 2025, as the company struggles with mounting debt, delayed projects, and profitability challenges.

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