Shares of New Fortress Energy (NASDAQ: NFE) dropped 24% this week, while the S&P 500 and Nasdaq-100 fell 2.4% and 2.3%, respectively. The company faced a temporary injunction preventing LNG shipments to Puerto Rico due to safety concerns raised by marine pilots.

New Fortress Energy is appealing the ruling, claiming it could have dire consequences for Puerto Rico’s energy supply. The company insists the tugboats it contracted for deliveries were safe. Investors fear ongoing trouble with Puerto Rico after months of contentious negotiations and condemnation from local politicians.

Financially, New Fortress Energy faces challenges as debt rises and revenue-generating assets are sold. Despite a potential turnaround opportunity, risks remain high for investors. The company’s market cap is only a fraction of its book value, making it a risky investment choice.

Consideration for investing in New Fortress Energy should be made carefully. The Motley Fool Stock Advisor team did not include the company in their list of the 10 best stocks for investors to buy now. Historical examples show the potential for significant returns with strategic investments.

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Read more at Yahoo Finance: Why Did New Fortress Energy Stock (NFE) Plummet 24% This Week?