New Fortress Energy ( (NFE) ) has shared an announcement.
On March 26, 2025, New Fortress Energy Inc. announced the sale of its Jamaican assets and operations to Excelerate Energy Limited Partnership for $1.055 billion. This transaction, expected to close in the second quarter of 2025, is part of New Fortress Energy’s strategy to optimize its asset portfolio and enhance financial flexibility. The sale includes an LNG import terminal, offshore floating storage and regasification terminal, and a 150 MW Combined Heat and Power Plant in Jamaica. This move marks a significant step in New Fortress Energy’s efforts to streamline operations while Excelerate Energy aims to expand its global market presence and continue providing sustainable energy solutions in Jamaica.
More about New Fortress Energy
New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company focused on addressing energy poverty and accelerating the transition to reliable, affordable, and clean energy. The company owns and operates natural gas and liquefied natural gas (LNG) infrastructure and an integrated fleet of ships and logistics assets to deliver turnkey energy solutions to global markets.
YTD Price Performance: -32.09%
Average Trading Volume: 5,064,019
Technical Sentiment Signal: Buy
Current Market Cap: $3.03B
Find detailed analytics on NFE stock on TipRanks’ Stock Analysis page.