New Fortress Energy (NFE) has amended the extension of its 80 TBtu islandwide gas supply contract with the Puerto Rico Electric Power Authority to a term of 100 days. Previously, the company announced that the islandwide gas supply contract was to be extended for one year. The revised 100-day extension provides a bridge period to facilitate an open request for proposals for updated terms and duration of the gas supply contract.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NFE:
- Strategic Moves and Debt Management Drive Buy Rating for New Fortress Energy
- New Fortress Energy price target lowered to $16 from $19 at Stifel
- New Fortress Energy put volume heavy and directionally bearish
- Unusually active option classes on open March 13th
- New Fortress Energy price target lowered to $8 from $11 at Deutsche Bank
Questions or Comments about the article? Write to editor@tipranks.com