Why New Fortress Energy Stock Is Sinking Today

Shares of New Fortress Energy (NASDAQ: NFE) are falling on Monday, down 5.8% as of 3:48 p.m. ET. The drop comes as the S&P 500 and Nasdaq Composite both had modest gains.The embattled energy company is in a standoff with the government of Puerto Rico, a major buyer of the company's natural gas.Puerto Rico has temporarily shut down 10 of the 14 power plants it used to meet peak demand at the height of summer after New Fortress Energy withheld its latest shipment of liquified natural gas (LNG) to the island. The remaining four power plants are running on diesel, a more expensive and emission-heavy fuel source.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool