The Law Offices of Frank R. Cruz announces an investigation of New Fortress Energy Inc. (“New Fortress” or the “Company”) (NASDAQ: NFE) on behalf of investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON NEW FORTRESS ENERGY INC. (NFE), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.
What Is The Investigation About?
On May 14, 2025, New Fortress released its first quarter 2025 financial results, reporting revenue of $470.5 million, missing consensus estimates. The same day, Reuters published an article stating that New Fortress’s “financial woes stem from its inability to secure [liquefied natural gas] for its power-generation assets in Latin America on long-term agreements because its credit was not rated investment-grade and had to acquire the gas at higher prices.”
On this news, New Fortress’s stock price fell $4.27, or 63%, to close at $2.51 per share on May 15, 2025, thereby injuring investors.
Contact Us To Participate or Learn More:
If you purchased New Fortress securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Call us at: 310-914-5007
Email us at: info@frankcruzlaw.com
Visit our website at: www.frankcruzlaw.com.
Follow us for updates on Twitter at twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250523050355/en/
Contacts
Contact Us:
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz
310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com