These 10 Firms Were Last Week’s Worst Performers

8. New Fortress Energy Inc. (NASDAQ:NFE)

Shares of New Fortress fell 15 percent last week to end Friday’s trading at $12.26 from January 31’s $15 finish as investors continued to sell off positions over twin news that it was being investigated by a shareholder law firm over revenue projection issues, while also earning a credit rating downgrade from an investment bank.

On Thursday, law firm Johnson Fistel LLP announced that it launched an investigation into NFE following a class action lawsuit over claims that it created the false impression of possessing reliable information on its projected revenue growth outlook, while simultaneously downplaying the risks associated with its Fast Liquefied Natural Gas projects.

The company also earned a pessimistic outlook from S&P Global Ratings on its credit rating, as it downgraded NFE from “B+” to “B” due to concerns about its liquidity and high leverage.

S&P said the downgrade also reflected its outlook on the company’s financial health.