NEW FORTRESS ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against New Fortress Energy Inc. and Encourages Investors to Contact the Firm

Core Viewpoint - A class action lawsuit has been filed against New Fortress Energy Inc. for allegedly misleading investors regarding its revenue outlook and growth projections during the Class Period from February 29, 2024, to August 8, 2024 [1][3]. Group 1: Lawsuit Details - The lawsuit was filed in the United States District Court for the Southern District of New York on behalf of all individuals and entities who purchased New Fortress securities during the specified Class Period [1]. - Investors have until November 18, 2024, to apply to the Court to be appointed as lead plaintiff in the lawsuit [1]. Group 2: Allegations Against the Company - The complaint alleges that New Fortress created a false impression of having reliable information regarding its projected revenue and growth while downplaying risks associated with its Fast Liquefied Natural Gas (LNG) projects [3]. - The Fast LNG projects failed to meet public statements, particularly the FLNG 1 project, which was expected to be operational by March 2024 [3]. - Despite acknowledging delays costing the company upwards of $150 million per quarter, New Fortress continued to promote the rapid development of its facilities, misleading investors with flawed statements of confidence and growth projections [3].