🔴 New Fortress Energy is trading 7.16% down in pre-market after 1-for-50 reverse stock split

New Fortress Energy is trading 7.16% down now at $15.30 in pre-market after its 1-for-50 reverse stock split became effective on September 14, 2026.

• Nasdaq said additional post-split common stock and preferred securities would be issued to creditors; the preferred security is expected to list under NFEGP.
• The company completed its restructuring on September 11, reducing debt from $5.7 billion to $700 million.
• The recapitalization substantially changes the capital structure and likely weighs on existing equity.