Why These Energy Stocks Are Losing This Week

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

Share Price Decline Between Feb. 3 and Feb. 10: 9.49%

Next on our list of the Energy Stocks that Lost This Week is New Fortress Energy Inc. (NASDAQ:NFE). The company 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) continued its decline after a Bloomberg report on January 27 revealed that the LNG operator is working on a proposed restructuring support agreement that would see creditors getting preferred equity in a reorganized company. Under the proposed plan, bondholders would take over NFE’s assets in Brazil, while term loan lenders would receive recoveries through value tied to the FLNG 1 liquefied natural gas facility off the coast of Mexico. Meanwhile, the recovery value for the company’s term loan debt would also be tied to a terminal in Puerto Rico and other downstream assets. While the report stated that the LNG supplier’s common shares wouldn’t be canceled, the terms of the deal may change.

The latest development comes as New Fortress Energy Inc. (NASDAQ:NFE) continues to face financial challenges, despite having secured final approval for its long-anticipated LNG agreement with Puerto Rico around the end of last year. The mounting debt concerns even forced the company to enter into a forbearance agreement with certain lenders in December 2025, which led S&P to lower its issuer credit rating on NFE from ‘CCC-‘ to ‘SD’.