The Top 10 Performing Stocks on Wednesday

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

New Fortress Energy snapped a six-day losing streak on Wednesday, jumping by 13.06 percent to finish at $8.57 each as investors resorted to bargain-hunting after touching a new all-time low in the previous day.

In recent news, Excelerate Energy announced that it entered into an agreement with NFE for the acquisition of the latter’s two LNG terminals and a 150-MW combined heat and power plant, all for $1.055 billion.

Under the terms of the agreement, Excelerate will acquire all assets and operations of the Montego Bay LNG Terminal, the Old Harbour LNG Terminal, and the Clarendon combined heat and power co-generation plants.

According to the company, the transaction is expected to be completed in the second quarter of the year, subject to regulatory approvals and the satisfaction of other customary closing conditions.