NEW YORK, Oct. 17, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of New Fortress Energy Inc. (NASDAQ: NFE). Shareholders who purchased shares of NFE during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/new-fortress-energy-inc-loss-submission-form/?id=108720&from=4 CLASS PERIOD: Fe ...

NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of New Fortress Energy Inc. (NASDAQ: NFE). Shareholders who purchased shares of NFE during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/new-fortress-energy-inc-loss-submission-form/?id=108491&from=3 CLASS PERIOD ...

NEW YORK, Oct. 14, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in New Fortress Energy Inc. ("New Fortress" or the "Company") (NASDAQ: NFE) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of New Fortress investors who were adversely affected by alleged securities fraud between February 29, 2024 and August 8, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/new-fortr ...

Core Viewpoint - A securities class action lawsuit has been filed against New Fortress Energy Inc. for allegedly misleading investors regarding its revenue outlook and project timelines [1][3]. Group 1: Lawsuit Details - The lawsuit is filed in the United States District Court for the Southern District of New York on behalf of investors who acquired New Fortress securities between February 29, 2024, and August 8, 2024 [1]. - The lead plaintiff deadline for the lawsuit is set for November 18, 2024 [1][4]. Group 2: Allegations Against New Fortress - The complaint alleges that New Fortress made false or misleading statements about its projected revenue and growth, particularly concerning its Fast LNG projects [3]. - Specifically, it is claimed that the Fast LNG 1 project was not on track to be operational by March 2024 as publicly stated [3]. Group 3: Lead Plaintiff Process - Investors can seek to be appointed as lead plaintiff representatives by the deadline of November 18, 2024, or choose to remain absent class members [4]. - The lead plaintiff will represent the interests of all class members and select counsel for the litigation [4]. Group 4: Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [5].

NEW YORK, Oct. 08, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of New Fortress Energy Inc. (NASDAQ: NFE). Shareholders who purchased shares of NFE during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/new-fortress-energy-inc-loss-submission-form/?id=107050&from=3 CLASS PERIOD ...

RADNOR, Pa., Oct. 8, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against New Fortress Energy Inc. ("New Fortress") (NASDAQ: NFE) on behalf of investors who purchased or otherwise acquired New Fortress securities between February 29, 2024 and August 8, 2024, inclusive (the "Class Period") The lead plaintiff deadline is November 18, 2024. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffere ...

Shares of U.S.-based liquefied natural gas ("LNG") firm New Fortress Energy (NFE) slipped to a 52-week low of $8.20 per share last week. Year to date, NFE has lost more than 76% of its value in contrast to the sector's gain of 7.2%. The company has also fared much worse than other energy storage and transportation operators like Delek Logistics Partners LP (DKL) and DHT Holdings (DHT) . NFE, DKL and DHT Stock Performance Comparison Image Source: Zacks Investment Research New Fortress Energy's Rising Debt an ...

Core Viewpoint - A securities class action lawsuit has been filed against New Fortress Energy Inc. for allegedly making false statements and failing to disclose critical information regarding its projected revenue and growth during the Class Period from February 29, 2024, to August 8, 2024 [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased New Fortress securities during the specified Class Period [1]. - The lead plaintiff deadline for the lawsuit is set for November 18, 2024 [1][4]. - Allegations include that New Fortress misrepresented its revenue outlook and downplayed risks associated with its Fast LNG projects, specifically failing to meet the timeline for the Fast LNG 1 project, which was expected to be operational by March 2024 [3]. Group 2: Legal Process - Investors in New Fortress can seek to be appointed as lead plaintiffs by the deadline or choose to remain absent class members [4]. - The lead plaintiff will represent the interests of all class members and select legal counsel for the case [4]. Group 3: Law Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [5].

Core Viewpoint - New Fortress Energy Inc. is facing allegations of misleading investors regarding its revenue outlook and growth projections, particularly related to its Fast Liquefied Natural Gas (LNG) projects, which have experienced significant delays and financial losses [2]. Group 1: Allegations and Financial Impact - The complaint alleges that New Fortress Energy misrepresented its ability to deliver on its Fast LNG projects, specifically failing to have the FLNG 1 project operational by March 2024 as promised [2]. - The delays in the Fast LNG projects are reportedly costing the company approximately $150 million per quarter, yet the company continued to project confidence in its growth and facility construction [2]. Group 2: Class Action Details - The class period for the alleged misconduct spans from February 29, 2024, to August 8, 2024, with a deadline for shareholders to register for the class action set for November 18, 2024 [3]. - Shareholders who purchased shares during the specified period are encouraged to register for potential recovery, with no cost or obligation to participate [3]. Group 3: Legal Representation - The Gross Law Firm, a nationally recognized class action law firm, is representing the shareholders and aims to protect investors from deceit and fraud [4]. - The firm emphasizes its commitment to ensuring responsible business practices and seeks recovery for investors affected by misleading statements from New Fortress Energy [4].

Group 1 - New Fortress Energy successfully negotiated a deal with creditors, exchanging existing notes for new ones with a higher interest rate of 12% due in 2029, while securing these notes with a 49% stake in its Brazil operations [2][3] - The company raised $400 million by selling 46.3 million shares at $8.63, with CEO Wesley R. Edens purchasing 5.8 million shares to boost investor confidence [3] - Despite these measures providing some short-term relief, the company faces challenges due to high leverage, with over $7.6 billion in debt against only $133 million in cash [4][5] Group 2 - New Fortress missed earnings guidance in its second-quarter report, primarily due to delays in its new floating LNG facility, raising concerns about its ability to manage debt maturities [4] - The company's management has projected adjusted EBITDA of $1.3 billion for 2025, which is still considered high leverage given its substantial net debt exceeding $7 billion [5] - The recent actions taken by New Fortress indicate a high-risk profile, as the company remains heavily reliant on LNG price fluctuations [5]