New Fortress Energy Stock Soared 11.3% Today -- Here's Why

Shares of New Fortress Energy (NASDAQ: NFE) rose on Wednesday, finishing up 11.3%. The jump came as the S&P 500 and Nasdaq Composite ticked up 0.3% and 0.1%, respectively.Puerto Rican officials, including the island's Energy Czar, told reporters that residents could expect lower energy prices once a deal with New Fortress Energy was finalized.A day after New Fortress received the Financial Oversight and Management Board's (FOMB) conditional blessing to supply Puerto Rico with liquified natural gas (LNG), officials from the governor's office expressed their support for the deal, calling it "a key step toward system stability."Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool