Why Did New Fortress Energy Stock (NFE) Fall 8% Today?

Shares of New Fortress Energy (NASDAQ: NFE) fell on Wednesday, finishing the day down 8%. The drop came as the S&P 500 and Nasdaq Composite gained 0.5% and 1.1%, respectively.After months of contentious negotiations that ended with the struggling liquified natural gas (LNG) company finally securing a deal, deliveries began recently. However, a U.S. District Judge issued a temporary order, blocking the company from using vessels that a group of Puerto Rican marine pilots say are unsafe.The company is appealing the ruling, saying that its boats are safe and that the order could have "catastrophic consequences for Puerto Rico's energy supply."Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool