🟢 New Fortress Energy is trading 12.5% up today after announcing 1-for-50 reverse split update

New Fortress Energy is trading 12.5% up at $0.31 after announcing an update to its 1-for-50 reverse stock split.

• Trading is expected to halt before 8:00 p.m. Eastern Time on September 10, 2026; split-adjusted trading is expected to begin September 14, subject to completion of its restructuring transaction.
• The split is intended to help restore Nasdaq minimum-bid compliance.
• The company-specific announcement is the clearest explanation for the gain, despite broader U.S. equity markets trading lower on September 10, 2026.