New Fortress Energy Plummets to 393rd in Trading Volume as Earnings Disappoint

On May 15, 2025, New Fortress Energy (NFE) experienced a significant decline, with its trading volume surging to 2.53 billion, marking a 313.97% increase from the previous day. This placed NFE at the 393rd position in terms of trading volume for the day. The stock has been on a downward trend for the past two days, with a cumulative decline of 64.40%.

New Fortress Energy's shares plummeted after the company reported a first-quarter GAAP loss that was much larger than anticipated. Analysts have expressed concerns that the sale of its Jamaican assets will negatively impact the company's financial performance.

The company posted a first-quarter adjusted loss of $0.73 per share, which was significantly below the analyst consensus estimate of a $0.16 per share loss. This earnings miss has raised concerns among investors about the company's financial health and future prospects.

New Fortress Energy reported a net loss of $197.4 million, or $0.73 per share, for the first quarter, compared to a year-ago profit of $56.7 million, or $0.26 per share. The company's revenue also declined, further exacerbating the financial challenges it faces.

In response to the earnings report, the price target for New Fortress Energy was lowered to $8 from $15, while maintaining a Buy rating on the shares. The stock fell significantly after the earnings release, reflecting investor disappointment with the company's performance.