New Fortress Energy is trading $13.70 (+7.28%) after severe volatility surrounding its September 14, 2026 1-for-50 reverse stock split and completed debt restructuring.
- Creditors received 65% of post-restructuring common equity, creating dilution and selling pressure.
- Reuters reported debt fell from $5.7 billion to $700 million after restructuring.
- Pre-market activity suggests continued adjustment following the split and recapitalization.