NEWTOWN, Pa., May 28, 2025 (GLOBE NEWSWIRE) — Edelson Lechtzin LLP is investigating potential violations of the federal securities laws involving New Fortress Energy, Inc. (“New Fortress”) (NASDAQ: NFE) resulting from allegations of providing potentially misleading business information to the investing public.
If you have non-public information that could assist in the New Fortress investigation or if you are a New Fortress investor who suffered a loss and would like to learn more, you can provide your information HERE.
You can also contact attorneys Eric Lechtzin of Edelson Lechtzin LLP by calling 844-563-5550 or via e-mail at [email protected].
THE COMPANY:
New Fortress is an energy company that develops, finances, and operates liquefied natural gas (LNG) facilities and power plants worldwide. The company operates through two segments: “Terminals and Infrastructure,” which focuses on LNG production and distribution, and “Ships,” which provides LNG storage and transportation services.
THE ALLEGED WRONGDOING:
On May 14, 2025, New Fortress issued a press release announcing its financial results for the first quarter of 2025, revealing underperformance across its business segments and a $219.8 million decline in total revenue compared to the same quarter in 2024. The company also disclosed a net loss of $197.4 million, compared to a net income of $56.7 million reported for the first quarter of 2024.
Following this announcement, New Fortress’ stock price declined by $4.27 per share, or approximately 62.98%, closing at $4.27 on May 15, 2025.
ABOUT EDELSON LECHTZIN LLP: Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to cases involving securities and investment fraud, our lawyers focus on class and collective litigation in cases alleging violations of the federal antitrust laws, employee benefit plans under ERISA, wage theft and unpaid overtime, consumer fraud, and dangerous and defective drugs and medical devices.
For more information, please contact:
Marc H. Edelson, Esq.
Eric Lechtzin, Esq.
EDELSON LECHTZIN LLP
411 S. State Street, Suite N-300
Newtown, PA 18940
Phone: 844-696-7492 or 215-867-2399 ext. 1
Email: [email protected]
Email: [email protected]
Web: www.edelson-law.com
This press release may be considered Attorney Advertising in some jurisdictions. No class has been certified in this case, so you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. Your ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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