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

The share price of New Fortress Energy Inc. (NASDAQ:NFE) surged by 72.27% between June 26 and July 3, 2025, putting it among the Energy Stocks that Gained the Most This Week.

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

A cutaway view of a modern energy infrastructure and its power generation facilities.

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) skyrocketed this week following reports that the company has secured a long-term contract to supply LNG to five power plants in Puerto Rico. NFE’s strategic partnership with Crowley focuses on supplying fuel for the San Juan and Palo Seco plants for a period of 15 years, with potential expansion to the Aguirre plant and Cambalache station if proposed natural gas conversions are implemented. The long-term nature of the deal provides New Fortress with a stable revenue stream for the next decade and a half, reinforcing investor confidence.

Moreover, it was recently revealed that New Fortress Energy Inc. (NASDAQ:NFE) is working on an innovative debt strategy to enhance the company’s liquidity and mitigate any risks of delisting.

Despite this massive rally, New Fortress Energy Inc. (NASDAQ:NFE) has slumped by almost 75% since the beginning of 2025.

While we acknowledge the potential of NFE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.