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INVESTIGATION ALERT: Edelson Lechtzin LLP Announces Investigation Of New Fortress Energy, Inc. (NASDAQ: NFE) and Encourages Investors with Substantial Losses or Witnesses with Relevant Information to Contact the Firm
NFENew Fortress Energy(NFE) GlobeNewswire News Room·2025-05-28 21:38

Company Overview - New Fortress Energy, Inc. is an energy company that develops, finances, and operates liquefied natural gas (LNG) facilities and power plants globally [3] - The company operates through two segments: "Terminals and Infrastructure," focusing on LNG production and distribution, and "Ships," which provides LNG storage and transportation services [3] Allegations and Financial Performance - Edelson Lechtzin LLP is investigating potential violations of federal securities laws involving New Fortress due to allegations of providing misleading business information to investors [1] - On May 14, 2025, New Fortress announced its financial results for Q1 2025, reporting a total revenue decline of 219.8millioncomparedtoQ12024,resultinginanetlossof219.8 million compared to Q1 2024, resulting in a net loss of 197.4 million, down from a net income of 56.7millioninthesamequarterofthepreviousyear[4]Followingthefinancialannouncement,NewFortressstockpricefellby56.7 million in the same quarter of the previous year [4] - Following the financial announcement, New Fortress' stock price fell by 4.27 per share, approximately 62.98%, closing at $4.27 on May 15, 2025 [5]