NextDecade Corp Shares Plummet
Shares Drop 20%
Biggest Dive in Over a Year
Shares of NextDecade Corp. experienced a significant downturn on Tuesday, with a plunge of up to 20%, marking the largest drop in over a year. This decline follows a ruling by the U.S. Court of Appeals for the DC Circuit, which overturned the Federal Energy Regulatory Commission's (FERC) authorization for the company's Rio Grande LNG project.
The court's decision to strike down the federal regulatory license for NextDecade has raised concerns among investors about the future of the project, which is expected to be completed by early 2029. NextDecade shares closed down 17.8% on Tuesday.
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