New Fortress Energy ( (NFE) ) has released a notification of late filing.
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New Fortress Energy Inc. has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending March 31, 2025. The delay is primarily due to the ongoing disposition of the company’s business in Jamaica and the recent resignation of the Chief Accounting Officer, which have diverted resources from the usual report preparation process. The company anticipates filing the report within a five-day extension period. There are expected changes in financial results, particularly due to the cessation of revenue from a temporary power project in Puerto Rico. The company remains committed to compliance, with the notification signed by CFO Christopher S. Guinta.
The most recent analyst rating on (NFE) stock is a Hold with a $15.00 price target. To see the full list of analyst forecasts on New Fortress Energy stock, see the NFE Stock Forecast page.
Spark’s Take on NFE Stock
According to Spark, TipRanks’ AI Analyst, NFE is a Neutral.
New Fortress Energy’s stock score of 56 reflects its mixed financial performance, with strengths in revenue and operational cash flow, but concerns about profitability and leverage. Technical analysis indicates bearish sentiment, while the earnings call showed strong EBITDA growth and strategic focus. The valuation is challenged by a negative P/E ratio, but the high dividend yield offers some support to the stock.
To see Spark’s full report on NFE stock, click here.
More about New Fortress Energy
Average Trading Volume: 7,238,662
Technical Sentiment Signal: Sell
Current Market Cap: $1.88B
See more data about NFE stock on TipRanks’ Stock Analysis page.