Today’s 10 Worst-Performing Stocks

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

New Fortress saw its share prices decline by 4.97 percent on Wednesday to end at $8.80 apiece as investors took early profits to minimize risks from the ongoing economic uncertainties.

NFE traded higher at the intra-day session before investors turned sellers to book profits towards the end, pulling the company’s share price down at market close.

Its intra-day performance was mostly fueled by news that it is set 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 for 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.