New Fortress Energy Inc. (NASDAQ:NFE) saw a 5.17% drop on Tuesday, closing at $1.10 per share due to financial concerns and a credit rating downgrade from S&P Global Ratings. The company extended its forbearance agreement with note holders to January 9, 2026. S&P Global Ratings downgraded NFE to ‘SD’ and its term loan to ‘D’. S&P Global Ratings believes NFE will negotiate with lenders during the forbearance period to restructure its debt. They will reevaluate ratings as developments occur.

Read more at Yahoo Finance: New Fortress (NFE) Falls 5% on Credit Concerns