NASDAQ:NFE

New Fortress Energy Shares Dip Under 60 Cents Ahead of Key Reverse-Split Vote
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New Fortress Energy Shares Dip Under 60 Cents Ahead of Key Reverse-Split Vote

New Fortress Energy Inc. fell to 55.79 cents early Thursday, down 3.8%, with a market value near $159 million after releasing its annual meeting proxy. The company faces possible Nasdaq delisting after months below $1 per share and reported a Q1 net loss of $399.95 million on $226.95 million revenue. Debt stood at $8.29 billion as of March 31, with most classified as current due to defaults. Shareholders will vote June 17 on a 1-for-50 reverse split and restructuring plan.
May 28, 2026

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