Why New Fortress Energy Inc. (NFE) Went Up On Wednesday?

From Yahoo Finance: 2025-04-03 04:47:00

Wall Street’s major indices closed in the green on Wednesday as investors processed news of President Trump’s tariff rollout. Nasdaq rose 0.87%, S&P 500 0.67%, and Dow Jones 0.56%. Ten stocks closed positively, reflecting market optimism driven by corporate developments. New Fortress Energy (NFE) ended its six-day slump, gaining 13.06% to close at $8.57 after a new all-time low. Excelerate Energy acquired NFE’s two LNG terminals and a power plant for $1.055 billion, expected to close in Q2 pending regulatory approvals. NFE ranks 2nd among top performers on Wednesday, but AI stocks hold greater promise according to a report.

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