New Fortress Energy shares surge 16.51% intraday after Puerto Rico LNG deal approval.

New Fortress Energy surged 16.51% intraday after the approval of its Puerto Rico LNG deal, as reported in a news article published 1 hour ago. This development, signaling progress in its floating LNG infrastructure projects, likely attracted bargain hunters and reinforced investor confidence in the company’s strategic positioning. While prior weeks saw concerns over debt restructuring and missed earnings, the recent regulatory green light.