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

The share price of New Fortress Energy Inc. (NASDAQ:NFE) surged by 8.61% between July 15 and July 22, 2025, putting it among the Energy Stocks that Gained the Most This Week.

Here is Why New Fortress Energy (NFE) Surged 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) surged last week following reports that the company has executed a 5-year agreement for the deployment of the Energos Winter, a 138,250 m3 FSRU, with the Egyptian Natural Gas Holding Company.

Chris Guinta, CFO of New Fortress Energy Inc. (NASDAQ:NFE), stated:

“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”

This development builds on the long-term contract New Fortress Energy Inc. (NASDAQ:NFE) secured last month to supply LNG to five power plants in Puerto Rico, ensuring the company with a stable revenue stream for the next decade and a half and reinforcing investor confidence.

However, despite the recent uptick, New Fortress Energy Inc. (NASDAQ:NFE) has fallen by more than 70% since the beginning of 2025.

While we acknowledge the potential of NFE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NFE and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.