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Stock impact report

New Fortress Energy: Common Equity Might Survive With Some Option Value - Sell [Seeking Alpha]

New Fortress Energy Inc. - Class A (NFE) 
Last new fortress energy inc. - class a earnings: 3/4 12:02 am Check Earnings Report
Company Research Source: Seeking Alpha
BlackRock disclosing an increased stake in the common shares resulted in a multi-session rally with shares peaking near $2. However, most of BlackRock's position is held via passively-managed ETFs, which have experienced substantial inflows in recent months, which likely triggered the additional purchases. Gains evaporated quickly after Bloomberg provided an update on the company's restructuring efforts, with current creditors expected to take economic ownership of key assets. With the common shares likely to retain some option value and no longer at risk of being wiped out, I am raising my rating from "Strong Sell" to "Sell". Looking for a helping hand in the market? Members of Value Investor's Edge get exclusive ideas and guidance to navigate any climate. Learn More » mingxing chen/iStock via Getty Images Note: I have covered New Fortress Energy Inc., or "NFE" ( NFE ) previously, so investors should view this as an update to my earlier articles on the company. Over Show less Read more
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