Venture Global Inc. overhyped its business prospects in initial public offering documents, only to have its stock stumble on a major contract loss amid legal challenges from large clients, a proposed class action said.

Venture Global Inc.’s belly flop of an IPO isn’t just a setback for the liquefied natural gas-exporting upstart. It may be an early indication of the limits of Wall Street’s enthusiasm for President Donald Trump’s grand energy ambitions.

Many of the banks that helped Venture Global Inc. go public now see the liquefied natural gas exporter’s stock price languishing even more from its already scaled back launch.Most Read from BloombergW

Venture Global shares hit a one-week peak on Tuesday, after several brokerages initiated coverage with bullish ratings on the company despite its drab market debut in January. Venture Global stock was last up 5.