Things Looking Bad for New Fortress Energy Stock: Here's Why
NFENew Fortress Energy(NFE) ZACKS·2024-10-07 20:56

Shares of U.S.-based liquefied natural gas ("LNG") firm New Fortress Energy (NFE) slipped to a 52-week low of $8.20 per share last week. Year to date, NFE has lost more than 76% of its value in contrast to the sector's gain of 7.2%. The company has also fared much worse than other energy storage and transportation operators like Delek Logistics Partners LP (DKL) and DHT Holdings (DHT) . NFE, DKL and DHT Stock Performance Comparison Image Source: Zacks Investment Research New Fortress Energy's Rising Debt an ...