30-06-2025
New Fortress Energy Soars on Report of LNG Contract Extension
New Fortress Energy 's stock and bonds surged on Monday on a report of a contract extension for LNG supply granted by Puerto Rico's government.
Its shares gained 25% at the market open, while its bonds due 2029 jumped nearly 8 cents on the dollar to 48 cents, according to Trace data. El Nuevo Dia first reported the contract extension. A portion of New Fortress Energy's LNG supply contract was renewed, according to the report.
