New Fortress Energy (NFE) Plunged by Over 23% This Week. Here is Why

The share price of New Fortress Energy Inc. (NASDAQ:NFE) fell by 23.56% between January 23 and January 30, 2026, 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) plunged on January 27 after a Bloomberg report revealed that the LNG operator is working on a proposed restructuring support agreement under which creditors would receive preferred equity in a reorganized company. Under the proposed plan, bondholders would assume control of the company’s assets in Brazil, while term loan lenders would recover value through the FLNG 1 liquefied natural gas facility off the coast of Mexico. Meanwhile, the recovery value for the company’s term loan debt would also be tied to a terminal in Puerto Rico and other downstream assets.

The report further revealed that New Fortress Energy Inc.’s (NASDAQ:NFE) reorganization plan would take place in the United Kingdom, and that the company’s common shares wouldn’t be canceled. That said, the terms of the deal may change. The latest development comes as the LNG firm has been facing financial difficulties and mounting debt for some time.

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Disclosure: None.