Kirby McInerney LLP Reminds New Fortress Energy Inc. (NFE) Investors of Class Action Filing and Encourages Investors to Contact the Firm

Core Viewpoint - A class action lawsuit has been filed against New Fortress Energy Inc. for failing to disclose significant delays in its Fast LNG projects, leading to a substantial drop in share price [1][2]. Group 1: Lawsuit Details - The lawsuit is filed in the U.S. District Court for the Southern District of New York on behalf of investors who acquired New Fortress securities from February 29, 2024, to August 8, 2024 [1]. - Investors have until November 18, 2024, to apply to be appointed as lead plaintiff in the lawsuit [1]. - The lawsuit alleges that New Fortress did not disclose that its FLNG 1 project would not be operational by March 2024 and that delays were costing the company over $150 million per quarter [2]. Group 2: Financial Performance - On August 9, 2024, New Fortress reported second quarter 2024 financial results, showing adjusted EBITDA significantly below expectations [1]. - The company lowered its guidance for the remainder of 2024 due to delays in the FLNG 1 project [1]. - Following the announcement, New Fortress shares fell by $4.02, approximately 23.6%, from $17.02 on August 6, 2024, to $13.00 on August 9, 2024 [1].