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Johnson Fistel, PLLP begins investigation on behalf of long-term shareholders of Methode Electronics, Inc. (MEI), Molina Healthcare, Inc. (MOH), Monolithic Power Systems, Inc. (MPWR), and NET Power Inc. (NPWR). SAN DIEGO, July 28, 2026 (GLOBE NEWSWIRE) - Johnson Fistel, PLLP is investigating potential claims on behalf of current, long-term shareholders of Methode Electronics, Inc. (NYSE: MEI), Molina Healthcare, Inc. (NYSE: MOH), Monolithic Power Systems, Inc. (NASDAQ: MPWR), and NET Power Inc. (NYSE: NPWR) against certain of their officers and directors for alleged breaches of fiduciary duty. Shareholders who have held shares continuously since prior to the dates listed below may have standing to seek corporate governance reforms focused on executive oversight, the return of funds to the Company, and a court-approved incentive award, at no cost to them. Methode Electronics, Inc. (NYSE: MEI) If you have held Methode Electronics shares continuously since prior to June 23, 2022, you may have standing to seek corporate governance reforms focused on executive oversight at Methode Electronics. To learn more, visit: https://www.johnsonfistel.com/investigations/methode-electronics-inc-2/ or contact Johnson Fistel, PLLP at [email protected] or (619) 814-4471. Complaint Allegations A previously filed securities class action complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose material adverse facts, including that: (1) Methode lost highly skilled and experienced employees during the COVID-19 pandemic necessary to complete its transition from a low-mix, high-volume production model to a high-mix, low-volume model at its Monterrey facility; (2) Methode's efforts to replace General Motors center console production with diversified, specialized products for additional OEMs - particularly in the EV space - were plagued by production planning deficiencies, inventory shortages, vendor and supplier problems, and execution failures; (3) manufacturing systems at the Monterrey facility suffered from logistical defects, including improper coding, shipping errors, erroneous delivery times, deficient quality control, and failures to timely procure raw materials; (4) Methode fell substantially behind on the launch of new EV programs at the Monterrey facility, delaying revenue from new program awards; and (5) as a result, Methode was not on track to achieve 2023 diluted EPS guidance or its represented three-year 6% organic sales CAGR, and such estimates allegedly lacked a reasonable factual basis. Molina Healthcare, Inc. (NYSE: MOH) If you have held Molina Healthcare shares continuously since prior to February 5, 2025, you may have standing to seek corporate governance reforms focused on executive oversight at Molina Healthcare. To learn more, visit: https://www.johnsonfistel.com/investigations/molina-healthcare-moh/ or contact Johnson Fistel, PLLP at [email protected] or (619) 814-4471. Complaint Allegations A previously filed securities class action complaint alleges that Defendants made materially false and misleading statements and/or failed to disclose that Molina Healthcare, Inc.'s medical cost trend assumptions were materially inaccurate; that the Company was experiencing a dislocation between premium rates and actual medical cost trends, with medical costs rising faster than represented; that Molina's near-term growth and financial performance depended on unusually low utilization of services, including behavioral health, pharmacy, and inpatient and outpatient care; and that, as a result of these undisclosed conditions, Molina's fiscal year 2025 financial guidance allegedly lacked a reasonable basis and was substantially likely to be reduced, rendering Defendants' public statements materially misleading when made. Monolithic Power Systems, Inc. (NASDAQ: MPWR) If you have held Monolithic Power Systems shares continuously since prior to February 8, 2024, you may have standing to seek corporate governance reforms focused on executive oversight at Monolithic Power Systems. To learn more, visit: https://www.johnsonfistel.com/investigations/monolithic-power-systems-inc/ or contact Johnson Fistel, PLLP at [email protected] or (619) 814-4471. Complaint Allegations A previously filed securities class action complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (1) Monolithic's voltage regulator modules and power management integrated circuits were suffering from significant performance and quality control issues; (2) these defects negatively impacted the performance of certain products offered by Nvidia in which Monolithic's products were used; (3) Monolithic failed to adequately address and resolve known issues affecting the performance of the power management solutions supplied to Nvidia; (4) Monolithic's relationship with Nvidia - allegedly the Company's most important customer - had been irreparably damaged due to these performance and quality issues and Monolithic's alleged failure to remedy them; and (5) as a result, Monolithic was exposed to undisclosed risks of significant business, financial, and reputational harm. NET Power Inc. (NYSE: NPWR) If you have held NET Power shares continuously since prior to June 9, 2023, you may have standing to seek corporate governance reforms focused on executive oversight at NET Power. To learn more, visit: https://www.johnsonfistel.com/investigations/net-power/ or contact Johnson Fistel, PLLP at [email protected] or (619) 814-4471. Complaint Allegations A previously filed securities class action complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, the complaint alleges that Defendants failed to disclose that: (1) NET Power was unlikely to complete Project Permian on schedule and the project was likely to be significantly more expensive than represented due to, among other things, supply chain issues and site- and region-specific challenges; (2) projections regarding the time and capital needed to complete Project Permian were unrealistic; (3) the increased time and capital required were likely to have a significant negative impact on the Company's business and financial results; and (4) as a result, Defendants' public statements were materially false and misleading when made. About Johnson Fistel, PLLP | Top Law Firm, Securities Fraud, Investor Rights Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits and also represents foreign investors who have purchased securities on U.S. exchanges. Attorney advertising. Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. Johnson Fistel, PLLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content. Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Methode Electronics reported full-year net sales of approximately $1 billion for fiscal 2026, down 3% from the prior year, but achieved 60% growth in adjusted EBITDA to $68 million. The company negotiated approximately $45 million in customer recoveries to offset programme delays and generated $16 million in free cash flow. Fourth-quarter net sales increased 15.9% to $298.1 million, whilst gross profit rose to $72.2 million from $19.6 million. The Industrial segment performed strongly with 8% sales growth, though the Automotive segment declined 8.1% due to programme roll-offs. For fiscal 2027, Methode Electronics guidance projects net sales of $1.025 billion to $1.075 billion and adjusted EBITDA of $72 million to $82 million. The company expects its data centre business to grow 60% to $130 million.

Methode Electronics has raised $120 million in a Series C round led by Ribbit Capital, valuing the company at $1.45 billion. Sequoia and Kleiner Perkins participated, with Emerson Collective joining as a new backer. The pre-revenue company is developing "Mathematical Superintelligence", an AI system focused on advanced reasoning that claims to eliminate hallucinations by requiring outputs in Lean4 programming language, which can be verified for correctness. Its flagship model, Aristotle, achieved top-level performance at the International Mathematical Olympiad in July. Founded in 2023, Harmonic has now raised $295 million across three funding rounds in 14 months. The company currently offers Aristotle via a free API and plans to commercialise in safety-critical industries like aerospace and finance.