New Fortress Energy (NFE) Plunged by Over 50% This Week. Here is Why.

The share price of New Fortress Energy Inc. (NASDAQ:NFE) fell by 56.6% between May 13 and May 20, 2025, putting it among the Energy Stocks that Lost the Most This Week. Let’s shed some light on the development.

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) plunged to a multi-year low this week after a wide earnings miss, struggling with weak performance across all its segments. The company’s loss of $0.73 per share was significantly worse than the loss of $0.05 per share that analysts had expected, while its revenue also declined by 31.84% YoY to $470.54 million and missed estimates by almost $144 million. New Fortress has been unable to buy LNG at attractive rates to fuel its power-generating operations in Latin America, hurting profits badly and forcing the company to sell off assets to try to remain afloat. The energy firm revealed that it had long-term debt worth $8.9 billion at the end of the first quarter.

Moreover, in another setback for New Fortress Energy Inc. (NASDAQ:NFE), it was revealed this week that the company has been disqualified from an auction held by the Puerto Rican government to secure temporary power generation.

While we acknowledge the potential of NFE to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NFE but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

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Disclosure: None.