NFE topped Tendie.bot's ticker ranking on December 4 after the Puerto Rico LNG contract won full approval.
Reddit traders in r/10xPennyStocks and r/pennystocks focused on high borrow fees, low share availability, and the possibility of a short squeeze.
Puerto Rico's governor publicly backed the deal, adding a layer of political credibility to the long-term LNG story.
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Over the course of the day, NFE-related posts dominated the r/10xPennyStocks subreddit — 70 posts attracted more than 650 upvotes and over 400 comments. Across Reddit, eight posts mentioning the ticker drew 91 comments and 227 upvotes. The overwhelmingly positive sentiment (north of 0.63 on a -1 to +1 scale) reflected the crowd's belief that this time was different.
The catalyst that broke through
The Puerto Rico contract had been a source of uncertainty for NFE for months. The Financial Oversight and Management Board (FOMB) had previously rejected the deal, but the newly elected administration of Governor Jennifer González doubled down on the LNG strategy. In a published interview, González explicitly stated, "I believe in American LNG," while discussing the $4 billion contract her administration had signed. The Oversight Board's public filing of the fully approved agreement on December 4 removed the final regulatory hurdle.
Reddit users flagged the document almost immediately. One user in r/10xPennyStocks posted a direct link to the Oversight Board's PDF, wondering aloud "how high can the stock go?" Another post, shared in both r/10xPennyStocks and r/pennystocks, quoted the governor's bullish remarks and emphasized that half of the 1,200 megawatts added to Puerto Rico's grid in the past ten months relies on natural gas — much of it tied to NFE's supply.
Short-squeeze mechanics fuel the conversation
The contract news alone would have drawn attention, but the structure of NFE's equity created a parallel narrative: the short squeeze. Multiple Reddit users noted that shares had become extremely difficult to borrow, and that the cost to borrow was "extremely high." One detailed analysis argued that the squeeze setup was "prime" — even if it hadn't worked the first time — pointing to the new contract approval as a catalyst that could finally force short sellers to capitulate.
Another user in r/10xPennyStocks cited Roaring Kitty's old advice: "Time and pressure." The post compared the situation to Warren Buffett's famous line about transferring money from the impatient to the patient, arguing that disciplined waiting was the path to profit. Despite some skepticism — one trader sold after a 20% gain, noting volume was "terrible" for a squeeze — the general tone on the subreddit leaned heavily bullish.
A breakout week for NFE
The December 4 surge capped a strong week for NFE. A Reddit user who had called the move four days earlier — when the stock was at $1.20 — noted that breaking $1.30 was the key signal to get long. By December 4, NFE was trading at approximately $1.70, a roughly 40% gain in under a week. Another user laid out specific conditions for the squeeze to trigger: price above $1.50 and daily volume exceeding 20 million shares.
Retail investors are now watching to see if the fundamentals — a signed, funded, and approved $4 billion contract with a sovereign client — can align with the technical setup to produce the squeeze many are hoping for. Whether or not that occurs, December 4 made one thing clear: NFE has reclaimed its place as one of the most talked-about stocks in the penny-stock corner of Reddit.
Sentiment: 70% bullish, 10% bearish, 20% neutral.
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