Why Did New Fortress Energy Stock (NFE) Jump Today?

Shares of New Fortress Energy (NASDAQ: NFE) jumped on Wednesday, finishing the day up 8% as of 3:18 p.m. ET, and they had gained as much as 42.5% earlier in the day. The jump came as the S&P 500 and Nasdaq Composite fell by 0.1% and 0.4%.The energy company's stock is rallying for its second day after Puerto Rico's governor announced the completion of negotiations for a massive natural gas supply contract.New Fortress Energy has secured a $4 billion agreement to supply liquefied natural gas to Puerto Rico over the next seven years, with the option for a three-year extension.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool