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Benzinga
Benzinga
Business
Evette Mitkov

New Fortress Energy Stock Is Among Wednesday's Biggest Movers: What's Going On?

New Fortress Energy NFE GSA Natural Gas Puerto Rico
Spotify Faces Profit Concerns

New Fortress Energy Inc (NASDAQ:NFE) stock is surging a considerable amount Wednesday after the company secured a seven-year liquefied natural gas (LNG) deal with Puerto Rico.

What Happened: New Fortress Energy announced that it reached an agreement with Puerto Rico’s Third-Party Procurement Office (3PPO) and Public-Private Partnerships Authority (P3A) for the long-term supply of LNG. The deal is now pending approval from the Puerto Rican Financial Oversight and Management Board (FOMB).

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