NEW YORK, NY / ACCESSWIRE / August 29, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of New Fortress Energy Inc. ("New Fortress Energy Inc.") (NASDAQ:NFE) concerning possible violations of federal securities laws.
On August 9, 2024, Fortress announced its Q2 2024 financial results that missed analysts' expectations. In addition, the Company lowered its adjusted EBITDA guidance for the second half of 2024. Management blamed it on delays in deploying its first floating liquefied natural gas (FLNG) export facility off the Mexican coast. Analysts questioned whether the explanation for the lowered guidance was "entirely adequate" and noted the Company's "years of overly aggressive and opaque guidance."
Following this news, Fortress' stock price fell by $4.02 per share, or approximately 24% on the same day. To obtain additional information, go to:
https://zlk.com/pslra-1/new-fortress-energy-inc-lawsuit-submission-form?prid=99010&wire=1
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP