New Fortress Energy LLC (NFE) stock is showing signs of recovery, soaring 5.18% in pre-market trading. This upward movement comes on the heels of a dramatic plunge earlier in the week, which saw the energy company's shares tumble by over 60% following disappointing first-quarter results and a significant asset sale announcement.

The initial stock decline was triggered by New Fortress Energy's Q1 earnings report, which revealed 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 and below the forecasted $575.3 million. Additionally, the company announced the completion of a $1.06 billion sale of its assets and operations in Jamaica to Excelerate Energy, a move that initially spooked investors.

However, the pre-market surge, following a 6.77% rise in after-hours trading, suggests that investors may be reassessing their initial reaction. 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. CEO Wes Edens described the sale as a "significant milestone" that would help streamline operations and reduce corporate debt. 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.