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New Fortress Energy Stock Surges 20% After-Hours on Extended Credit Agreement

New Fortress Energy Stock Surges 20% After-Hours on Extended Credit Agreement

Author:

Global Cryptocurrency

Published:

2025-11-21 09:45:02

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BTCCSquare news:

New Fortress Energy's stock soared 20% in after-hours trading following the extension of its credit agreement maturity to March 2026. The MOVE eliminates a quarterly liquidity requirement, granting the cash-strapped LNG firm critical breathing room. Over 32% of the float remains shorted, fueling retail trader speculation about a potential squeeze.

The company simultaneously secured a forbearance agreement with bondholders, delaying an interest payment deadline by nearly a month. Despite Thursday's rally, shares remain down more than 90% this year as the company grapples with persistent cash FLOW challenges and mounting debt burdens.

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