New fort energy ,NFE 28.60%, Stock is enjoying an explosive rally today, after the report that a major new deal works. The share of the company in the form of ET at 1 pm was 24.4%. The stock was more than 40% in the session.
earlier today, El Nuevo Dia Publishing a report, he said that the new fort is on track to secure a 15 -year contract to provide liquefied. natural gas (LNG) for many power plants in Puerto Rico.
Despite today’s huge rally, the stock in this year’s trade is still about 78% less.
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New forts climb big contracts victory
The new fort has been allegedly designed for a 15 -year contract to provide LNG to five power plants located in San Juan and Palo Seco. As part of the conditions, the new fort will also provide energy resources for eight peaking-power units that are being established by one of its subsidiaries. The door leaves open to increase the contract partnership. The deal can be made official in the coming weeks and will supply the company with sufficient new revenue sources.
What’s next for the new fort?
If recent reports that the new fort is designed to launch a major new contract, the growth may expand a major lifeline to the business. On the other hand, the company has recently struggled – and challenges have been reflected in poor performance for their stocks.
The new fort carries a high bear Debt loadAnd this is facing adequate liquidity issues. Landing a major new contract win can supply the company with very important capital injections, but still important risks are that energy experts will proceed with major restructuring tricks or share offerings that make adverse results for shareholders. The business approach with a major new contract in tasks is undoubtedly strong, but the new deal itself may not be a silver tablet.
Keith Nunnan There is no situation in any shares mentioned. There is no situation in any stock mentioned by the micle flower. Motley is near the flower Disclosure policy,
