Here is Why New Fortress Energy (NFE) Fell This Week

The share price of New Fortress Energy Inc. (NASDAQ:NFE) fell by 5.98% between December 23 and December 30, 2025, putting it among the Energy Stocks that Lost the Most This Week.

Here is Why New Fortress Energy (NFE) Fell This Week

New Fortress Energy Inc. (NASDAQ:NFE) owns and operates natural gas and LNG infrastructure and an integrated fleet of ships and logistics assets to rapidly deliver turnkey energy solutions to global markets.

New Fortress Energy Inc. (NASDAQ:NFE) has been facing financial difficulties and mounting debt for some time. The LNG operator received a significant blow on December 23 when S&P lowered its issuer credit rating on NFE from ‘CCC-‘ to ‘SD’ (‘Selective Default’), in addition to its assessment of the company’s liquidity from ‘less than adequate’ to ‘weak’. The move follows NFE’s announcement on December 17 that it had entered into a forbearance agreement with some of its lenders after missing interest payments earlier this month and informing them that it also didn’t plan to make principal payments due at year-end.

The new agreement expires on January 9, after which New Fortress Energy Inc. (NASDAQ:NFE)’s lenders could demand the immediate payment of substantially all of the company’s $6.6 billion outstanding debt and force it into a restructuring. S&P believes that ‘a debt restructuring that is tantamount to a default will likely occur within the next few weeks’.

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Disclosure: None.