Last Week’s 10 Best-Performing Stocks

2. New Fortress Energy Inc. (NASDAQ:NFE)

New Fortress surged by 20.6 percent last week, ending Friday’s trading at $11.17 each versus $9.26 on March 14, primarily due to news reports that it was planning to develop a 1,000-acre data center in Ireland.

The new data center was on top of the planned 630-acre power plant and a 120-megawatt battery energy storage system as part of the Shannon Technology and Energy Park project.

Apart from Ireland, NFE was also looking to kick off the construction of a $1.1-billion liquefied natural gas plant at the Mexican port of Altamira in the middle of the year. The project was in partnership with state utility CFE.

So far, NFE said it had spent $625 million on the project, mainly on the procurement of the liquefaction modules. Construction of the modules is now more than 50 percent complete.

NFE said Texas-based contractor Kiewit is building the modules and will ship them to Altamira next year.