Why New Fortress Energy Stock Is Plummeting Today

New Fortress Energy (NASDAQ: NFE) stock is getting hit with big sell-offs in Friday's trading. The company's share price was down 10.4% as of 2:30 p.m. ET. Meanwhile, the S&P 500 and the Nasdaq Composite were both up 0.4%.Bloomberg reported earlier this week that Puerto Rico had pulled out of negotiations with New Fortress Energy for a liquefied natural gas (LNG) deal. Investors had viewed landing the contract as a potential financial lifeline for the debt-laden energy company, and shareholders are selling out of the stock now that a deal could be off the table. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool