Why These Energy Stocks are Gaining This Week

2. New Fortress Energy Inc. (NASDAQ:NFE)

Share Price Gains Between Nov 14 – Nov 21: 15.24%

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

After plunging to an all-time low, New Fortress Energy Inc. (NASDAQ:NFE) witnessed a sharp rebound following a Bloomberg report that the company is in talks with its lenders to delay interest payments on some of its loans, giving the financially strained company some much-needed time to restructure its debt.

However, New Fortress Energy Inc. (NASDAQ:NFE) plunged again on November 21 after the company revealed that it may seek bankruptcy protection in the US if it fails to negotiate an out-of-court restructuring with lenders.

New Fortress Energy Inc. (NASDAQ:NFE) was offered a lifeline in September when the company inked a $4 billion deal with Puerto Rico to supply LNG. However, the project has now been delayed following a lawsuit by a group of marine pilots alleging the vessels used by NFE were unsafe.

Despite recent gains, New Fortress Energy Inc. (NASDAQ:NFE) ‘s share price has tumbled by over 92% since the beginning of 2025.