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].

NEW YORK, Oct. 02, 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=106380&from=3 CLASS PERIOD ...

The company made a deal with creditors and sold more stock, giving it more breathing room. Shares of liquefied natural gas (LNG) company New Fortress Energy (NFE 6.49%) surged 8.7% on Tuesday as of 3:41 p.m. ET. On a down day for the markets, New Fortress delivered what was perceived as short-term good news. However, it wasn't great news, as the company was able to both push out some debt maturities and raise cash in the equity markets....but at a cost. A deal with creditors and equity holders Yesterday, Ne ...

SAN DIEGO, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that the New Fortress class action lawsuit – captioned Bojdol v. New Fortress Energy Inc., No. 24-cv-07032 (S.D.N.Y.) – charges New Fortress Energy Inc. (NASDAQ: NFE) and certain of New Fortress' top executives with violations of the Securities Exchange Act of 1934. If you suffered substantial losses and wish to serve as lead plaintiff of the New Fortress class action lawsuit, please provide your information here: https: ...

Core Insights - Moore Law, PLLC is investigating potential claims against New Fortress Energy Inc. regarding misleading statements about its revenue outlook and growth projections [1] - The investigation highlights that New Fortress' Fast LNG projects did not meet the company's public commitments, particularly the FLNG 1 project which was expected to be operational by March 2024 [1] - The company faced significant financial repercussions, with delays costing approximately $150 million per quarter, yet continued to promote the rapid development of its facilities [1] Stock Impact - Following the news of the investigation and the associated claims, New Fortress Energy's stock price dropped by over 23% [2]

NEW YORK, Sept. 30, 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=105596&from=4 CLASS PERIOD: F ...

RADNOR, Pa., Sept. 27, 2024 (GLOBE NEWSWIRE) -- 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 s ...

RADNOR, Pa., Sept. 26, 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 suffe ...

NEW YORK, Sept. 26, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of New Fortress Energy Inc. (NASDAQ: NFE) between February 29, 2024 and August 8, 2024, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 18, 2024. SO WHAT: If you purchased New Fortress securities d ...