New Fortress Energy shares crashed 43% to record lows, triggering a 1,000% surge in retail chatter. The LNG firm posted a $557 million Q2 loss, booked $699 million in impairments, and flagged going concern risks while exploring asset sales. With $7.8 billion in debt and weak credit ratings, survival hinges on securing long-term LNG contracts, especially in Puerto Rico.
short by
/
03:02 pm on
09 Sep