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New Fortress surges after winning tentative approval for $3B Puerto Rico deal (NFE:NASDAQ)

Seeking Alpha · last updated
Aerial View of Oil Refinery and Fuel Storage Tanks

CHUNYIP WONG/E+ via Getty Images

New Fortress Energy (NFE) +15.5% in early trading Monday after regulators in Puerto Rico tentatively approved a seven-year agreement valued at an estimated $3.2 billion with the company to supply liquefied natural gas to the island.

Under the deal, New Fortress

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