New Fortress Energy LLC (NFE) stock is showing signs of recovery, soaring 5.18% in pre-market trading on Friday. This upward movement follows a 6.77% rise in after-hours trading on Thursday, suggesting a potential turnaround after a dramatic plunge earlier in the week that saw the energy company's shares tumble by over 60%.

The initial stock decline was triggered by New Fortress Energy's disappointing Q1 earnings report released on Wednesday. The company reported a loss of $197.4 million, or 73 cents per share, significantly wider than analysts' expectations of a 25 cents per share loss. Revenue also fell short at $470.5 million, down from $690.3 million a year earlier. Adding to investor concerns was the announcement of a $1.06 billion sale of NFE's assets and operations in Jamaica to Excelerate Energy.

However, the pre-market surge indicates that investors may be reassessing their initial reaction to these developments. Market participants appear to be taking a more balanced view of the asset sale, potentially seeing it as a strategic move to improve the company's balance sheet and focus on core operations. Some traders might now see value in the company's restructuring efforts, contributing to the pre-market surge as they position themselves ahead of the regular trading session. As trading opens, all eyes will be on New Fortress Energy to see if this rebound can sustain momentum and reverse some of the week's earlier losses.