NFE INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that New Fortress Energy LLC Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!

Core Viewpoint - A class action lawsuit has been filed against New Fortress Energy LLC for alleged violations of federal securities laws, focusing on misleading statements regarding the company's revenue outlook and project progress [1][2][3]. Group 1: Lawsuit Details - The lawsuit seeks damages for investors who purchased New Fortress securities between February 29, 2024, and August 8, 2024, during the defined Class Period [2]. - Allegations include that the defendants misrepresented their knowledge of New Fortress' projected revenue and growth, while downplaying risks associated with the Fast LNG projects [3]. - The complaint highlights that New Fortress' FLNG 1 project did not meet publicly stated timelines, specifically failing to be operational by March 2024 [3]. Group 2: Financial Impact - On August 9, 2024, New Fortress reported second quarter 2024 financial results, showing adjusted EBITDA of $120 million, significantly below the expected $275 million [4]. - The disappointing results were attributed to delays in the FLNG 1 project, which resulted in a loss of $150 million per quarter in operating margin [4]. - Following the announcement, New Fortress' stock price dropped by more than 23% [4]. Group 3: Next Steps for Investors - Investors who suffered losses in New Fortress have until November 18, 2024, to request appointment as lead plaintiff in the class action [5]. - The law firm representing the class action operates on a contingency fee basis, meaning they will only collect fees if successful [6]. Group 4: Law Firm Background - Bronstein, Gewirtz & Grossman, LLC is a nationally recognized law firm specializing in securities fraud class actions and has recovered substantial amounts for investors [7].