New Fortress Energy (NFE) Soars Following Final Approval of Puerto Rico LNG Agreement

The share price of New Fortress Energy Inc. (NASDAQ:NFE) surged by 28.69% between November 28 and December 5, 2025, putting it among the Energy Stocks that Gained the Most This Week.

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

New Fortress Energy Inc. (NASDAQ:NFE) soared after the company revealed on December 4 that it had secured final approval for a seven-year agreement with Puerto Rico to supply the island with LNG. The contract will secure the delivery of approximately 75 TBtu of natural gas and is valued at an estimated $3.2 billion.

While the final agreement is significantly less than the $4 billion deal inked in September, it couldn’t have come at a more critical time for New Fortress Energy Inc. (NASDAQ:NFE). The company had been making strong efforts to negotiate an out-of-court restructuring with its creditors and revealed last month that it may even seek bankruptcy protection in the US if it fails.

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