- New Fortress Energy (NASDAQ: NFE) is set to execute a 1-for-50 reverse stock split on September 14, 2026.
- This strategic move aims to regain compliance with the Nasdaq Global Select Market's minimum bid price requirement.
- The company's current stock price of $0.33 is significantly below Nasdaq's typical $1.00 minimum, making the reverse stock split a necessary action.
New Fortress Energy, a global energy infrastructure company, will execute a 1-for-50 reverse stock split on September 14, 2026. This action consolidates every 50 existing shares of the company's Class A common stock into a single share, which will then trade at a higher price.
A reverse stock split is a move by a company to reduce its number of outstanding shares in the market. This causes the price per share to increase proportionally. The total value of an investor's shares is intended to remain the same immediately after the split is completed.
As highlighted by Business Wire, New Fortress Energy is performing this split to regain compliance with the Nasdaq Global Select Market. The exchange requires companies to maintain a minimum bid price, and this action is a strategy to meet that requirement and remain listed on the exchange.
The need for this action is clear from the stock's current price of $0.33, which is below Nasdaq's typical $1.00 minimum. The stock has a 52-week low of $0.23 and a high of $3.08, showing it has traded at higher values within the past year.
New Fortress Energy has a current market capitalization of approximately $94.15 million. On the day of the announcement, trading volume was about 18.84 million shares. Trading is expected to be halted before 8:00 p.m. Eastern Time on September 10, 2026, with split-adjusted trading beginning thereafter.
