New Fortress Energy surges on news of consortium selected to build gas-fired power plant in Puerto Rico

From Investing.com: 2024-12-23 11:02:22

Shares of New Fortress Energy (NASDAQ:) surged 14% today after reports of a consortium involving the company being chosen to build a new gas-fired power plant in Puerto Rico. The 478-megawatt facility will be constructed by Tropigas de Puerto Rico and Cratos Project Services, expanding New Fortress Energy’s presence in the region and potentially boosting future revenue.

The selection of the consortium is a significant milestone for New Fortress Energy, signaling growth in Puerto Rico’s energy infrastructure. While the company has not officially commented on the news, investor confidence in its prospects is evident from the stock’s rise. The market anticipates the company playing a key role in addressing Puerto Rico’s energy needs with the new plant.



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