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Why New Fortress Energy Stock Is Falling

New Fortress Energy Inc (NASDAQ: NFE) shares are trading lower by 9.19% to $44.39 Thursday morning after the company announced pricing of a secondary offering of common stock.

byHenry Khederian

December 15, 2022

1 minute read

New Fortress Energy Inc (NASDAQ:NFE) shares are trading lower by 9.19% to $44.39 Thursday morning after the company announced pricing of a secondary offering of common stock.

The offering of 6,900,000 shares of its common stock by Energy Transition Holdings LLC will be at a price to the public of $46.00 per share.

The company will not receive any proceeds from the sale of the shares by the selling stockholder. The offering is expected to close on December 19, subject to customary closing conditions.

According to data from Benzinga Pro, New Fortress Energy has a 52-week high of $63.06 and a 52-week low of $19.17.

S&P 500, Nasdaq Set For Wobbly Open As Santa Claus Rally Fades: Analyst Sees Final Trading Sessions As ‘Last Great Buying Opportunity’

By Shanthi Rexaline

December 27, 8:35 AM

U.S. stocks may face challenges in maintaining their upward momentum on Wednesday, as index futures suggest a flat start. In the absence of significant catalysts, the market might experience a lack of direction, especially given the low trading volume typical of the holiday period, which could cast doubt on any substantial moves in either direction.

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