New Fortress Energy LLC (NFE) stock continued its upward trajectory in pre-market trading on Friday, soaring 5.18% following a 6.77% surge in after-hours trading the previous day. This rebound comes after a tumultuous week for the energy company, which saw its shares plummet by over 60% due to disappointing first-quarter results and the announcement of a significant asset sale.

The recent volatility in NFE's stock price can be traced back to Wednesday's release of the company's Q1 earnings report. New Fortress Energy 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, coming in at $470.5 million, down from $690.3 million a year earlier and below the forecasted $575.3 million.

Adding to investor concerns, NFE announced the completion of a $1.06 billion sale of its assets and operations in Jamaica to Excelerate Energy. While CEO Wes Edens described this as a "significant milestone" that would help streamline operations and reduce corporate debt, the market initially reacted negatively. However, the stock's recent rebound suggests that investors may be reassessing the situation, potentially viewing the earlier sell-off as overdone. Some market participants might now see value in the company's restructuring efforts and improved balance sheet following the asset sale, contributing to the pre-market surge as traders position themselves ahead of the regular trading session.