Latest news with #NFE
Yahoo
16-07-2025
- Business
- Yahoo
Why This Small-Cap Energy Stock Plunged 78% in the First Half of 2025
Key Points New Fortress Energy could have made it big in the high-potential LNG space. The company, however, is taking a hit from all sides and struggling to survive. 10 stocks we like better than New Fortress Energy › When a stock gets all but wiped out in six months, you're left wondering whether it's an overreaction or a falling knife. Investors in New Fortress Energy (NASDAQ: NFE) have been an unfortunate lot, with the stock tanking 78% in just the first six months of 2025, according to data provided by S&P Global Market Intelligence. New Fortress Energy is an energy infrastructure company specializing in liquified natural gas (LNG). The U.S. is already the largest export of LNG and is expected to grow its share. Shell, meanwhile, projects global demand for LNG to surge by nearly 60% by 2040. New Fortress Energy could have been a major beneficiary of the LNG boom. So what went so drastically wrong with the company that's now reduced to a small-cap stock? Could it become one of the biggest turnaround stories ever? Troubles and more troubles Trouble started brewing for New Fortress Energy as its debt piled up. The company delayed its dividend payment in September last year. Then in November, it issued a going concern warning, stating that it didn't have enough cash to repay debt maturing in 2025, and management had "substantial doubt" about the company's "ability to continue as a going concern." As expected, New Fortress Energy has since diverted all its attention to raising funds through the sale of shares or fresh debt, none of which has sat well with investors. In March, New Fortress Energy announced a distress sale of its Jamaican business for $1 billion in a move that shocked investors, and the stock plunged. And in between, New Fortress Energy delayed key LNG projects that added to its costs and hit profitability. In the first quarter, the energy company reported a 31% year-over-year drop in its revenue and a net loss of $0.73 per share, missing analysts' estimates by a huge margin. Is it time to buy New Fortress Energy stock? New Fortress Energy's troubles are far from over yet. The company delayed the regulatory 10-Q filing for its last quarter, attracting a delisting warning notice from the Nasdaq stock exchange. And when it did submit the SEC filing on June 30, management sounded the going concern warning bell yet again, further stating that New Fortress Energy's "current liquidity and forecasted cash flows from operations are not probable to be sufficient to support, in full, obligations as they become due." There's also a fresh challenge facing New Fortress Energy. Just days ago, Puerto Rico's finance regulator rejected a proposed $20 billion, 15-year LNG supply contract between two New Fortress Energy subsidiaries, citing inconsistencies in the contract and fears of a near-monopoly, among other things. The feud between New Fortress Energy and the Puerto Rican government has escalated further, with the energy company withholding an LNG shipment over payment dues. Given New Fortress Energy's dire situation, you probably won't want to try to catch a falling knife. Should you invest $1,000 in New Fortress Energy right now? Before you buy stock in New Fortress Energy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and New Fortress Energy wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $679,653!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,046,308!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Neha Chamaria has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why This Small-Cap Energy Stock Plunged 78% in the First Half of 2025 was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
15-07-2025
- Business
- Business Wire
New Fortress Energy Executes 5-year Charter for Energos Winter
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) ('NFE' or the 'Company') via a subsidiary has executed a 5-year agreement for the deployment of the Energos Winter, a 138,250 m 3 floating storage and regasification unit ('FSRU'), with the Egyptian Natural Gas Holding Company ('EGAS'). The Winter will operate at EGAS' LNG import terminal located at Damietta, Egypt. This is NFE's second FSRU stationed in Egypt, and the Winter will join the Energos Eskimo in Egypt as early as August of this year. 'We are pleased to reinforce our relationship with EGAS by way of our deployment of a second FSRU to Egypt. This deal enhances NFE's goals of providing reliable and cost-effective energy across the globe,' said Chris Guinta, CFO of New Fortress Energy. 'EGAS is pleased to strengthen its long-standing partnership with New Fortress Energy through the execution of a second Regasification Service Agreement. Under this agreement, NFE's second FSRU, Energos Winter, will provide regasification services at the Damietta terminal, contributing to the security of natural gas supply for the Arab Republic of Egypt over the next five years,' said Yasseen Mohamed, Executive Managing Director of EGAS. About New Fortress Energy Inc. New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to address energy poverty and accelerate the world's transition to reliable, affordable, and clean energy. The Company owns and operates natural gas and liquefied natural gas (LNG) infrastructure and an integrated fleet of ships and logistics assets to rapidly deliver turnkey energy solutions to global markets. Collectively, the Company's assets and operations reinforce global energy security, enable economic growth, enhance environmental stewardship and transform local industries and communities around the world.
Business Recorder
14-07-2025
- Business
- Business Recorder
Ministry releases NFE Statistical Report 2023-24
ISLAMABAD: The Ministry of Federal Education and Professional Training has released an Annual Statistical Report 2023-24 regarding Non Formal Education (NFE) in Pakistan, with a notable 20% increase in enrollment compared to the previous year. The report showed an estimated enrolment of 35,427 with NFE centers serve 1,290,009 learners. As far as gender parity is concerned, over 57% of learners are girls, with significant regional variations. Report mentioned that 82% of teachers are female, with significant regional variations whereas 3,382 adult literacy centers serve 80,093 learners, demonstrating a significant increase in focus on adult literacy. In addition, around 10,181 refugee children, primarily from Afghanistan, are enrolled in NFE programmes. While the public sector plays a dominant role, the contribution of private and development sector organizations is crucial. Pakistan faces a significant education crisis, with an estimated 25.37 million out-of-school children (OOSC) aged 5-16, according to the 7th Population and Housing Census Report 2023 by the Pakistan Bureau of Statistics. This number has risen alarmingly, influenced by the impacts of COVID-19 and recent floods. Non-Formal Education (NFE) serves as a vital alternative, providing flexible and accessible learning opportunities for these children. Recent years have witnessed significant developments in the NFE sector, including the formulation of a comprehensive NFE policy, strengthened institutional frameworks, and the scaling up of Accelerated Learning Programs (ALPs), including innovative models like ALP (Middle-Tech). The 'Zero OOSC Campaign' in Islamabad Capital Territory (ICT) a successful collaboration between government agencies, NGOs, and the community, demonstrates the effectiveness of a coordinated approach in identifying and enrolling OOSC. The 2023-24 NFE Statistical Report provides valuable insights into the current state of NFE in Pakistan. Annual Report recommended to expand Adult Learning Programme (ALP) Programmes, prioritise the expansion of ALP (Middle-Tech) programs due to their high retention rates (70%) and their ability to provide both academic and vocational skills. Copyright Business Recorder, 2025
Express Tribune
13-07-2025
- Business
- Express Tribune
Non-formal education enrolment rises 20 per cent
A 20% increase has been recorded in enrollments in Pakistan's non-formal education sector, according to the 2023-24 National Non-Formal Education (NFE) Statistical Report. The document has been released by the Pakistan Institute of Education (PIE). Non-formal education has been described as a "second-chance model" that is cost-effective, flexible, and community-based. The monthly cost per child ranges between Rs 1,000 to Rs1,500, considerably lower than the expenses of formal education systems. The annual report, presented a detailed snapshot of the country's non-formal learning landscape, spotlighting both achievements and persistent gaps. The number of non-formal education centers across the country has reached 35,427, serving over 1.29 million learners, reflecting a 20% increase in enrollment compared to the previous year. The report notes that in 2023-24, enrollments in non-formal education centers grew by 20%, with 57% of learners being girls, marking a promising step toward gender parity. Female teachers make up 82% of the workforce, demonstrating strong female participation in the non-formal education system. A total of 3,382 adult literacy centers are currently operational, serving 80,093 learners, indicating an increasing focus on youth and adult literacy. Additionally, 10,181 refugee children, mostly from Afghanistan, are enrolled in NFE programs. Innovative models like ALP (Middle-Tech) have been introduced, integrating both academic and vocational skills to improve retention and outcomes. Despite the progress, the report highlights substantial regional disparities, particularly in enrollment rates across remote and underserved areas. According to the Pakistan Economic Survey, female literacy remains significantly lower than male literacy, especially in rural Balochistan, where only 31% of women are literate. The latest UN report ranks Pakistan 164th out of 193 countries on the Human Development Index (HDI), and 144th out of 173 on the Human Capital Index (HCI), with education being a key contributing factor. Among the report's key recommendations is the expansion of ALP programs, particularly the Middle-Tech model, which boasts a 70% completion rate.
Express Tribune
13-07-2025
- General
- Express Tribune
Reclaiming education
Listen to article Education is the biggest marker of upward mobility in a society. For a nation to grow intellectually, economically and socially, it is vital that its children are offered education without barriers. Unfortunately, the current climate of Pakistan's progress is severely handicapped by its 25.37 million out-of-school children — as revealed by a recent report titled 'Pakistan's Non-Formal Education Report 2023-24', launched in Islamabad last week. This crisis ranks Pakistan as the country with the world's second-highest number of out-of-school children, surpassed only by Nigeria. With around one third of children aged 5-16 out of school, Pakistan is facing an education emergency it cannot afford to ignore. In a post-Covid reality further marred by the recent floods, existing social inequalities driving these high numbers of out-of-school children have only been exacerbated. The number of children receiving an education in rural areas is alarmingly low, but even lower for girls who face compounded barriers due to gender and geography. The urgency of this situation has welcomed an alternative that provides children accessible and versatile learning opportunities. Non-Formal Education (NFE) is a structured and intentional form of education that focuses both on academic and skills-based training, without relying on a traditional mode of education that is often unapproachable for many. In an increasingly digital and postmodern world, the disruption of pre-existing structures can be exactly the lifeline that Pakistani children currently need. Through Accelerated Learning Programs (ALP), education and training would be able to cross regional barriers and reach out-of-school children to bring them back within the system. While NFE is already enshrined in the Pakistan's Constitution and has existed for decades, there has never been a greater need for it than now. Implementation of data-backed policy decisions regarding the programme holds the power to change the country's educational landscape. Better late than never!
