Moore Law PLLC announced on April 19 that it is investigating possible claims on behalf of investors in New Fortress Energy Inc. following a significant drop in the company’s stock price. The law firm, based on Wall Street, said the investigation comes after New Fortress Energy’s shares fell by $4.27, or 63%, to close at $2.51 per share on May 15, 2025.
The decline followed the release of the company’s first quarter financial results for 2025, which reported revenue of $470.5 million and did not meet consensus expectations. A Reuters report attributed some of the company’s financial difficulties to its inability to secure liquefied natural gas for Latin American power-generation assets through long-term contracts. According to Reuters, because New Fortress did not have investment-grade credit, it was required to acquire gas at higher prices, which added further strain alongside disappointing quarterly revenue figures.
Investors who own shares in New Fortress Energy are encouraged by Moore Law PLLC to contact Fletcher Moore via email or phone for more information about their rights and potential legal options. The firm said representation would be provided on a contingency fee basis with no costs or fees charged to shareholders.
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Looking ahead, Moore Law PLLC stated that affected investors may be able to seek monetary damages, corporate governance reforms, reimbursement to the company, and court-approved incentive awards without incurring any expenses.
