Solaris Energy Infrastructure, Inc.(SEI)

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Kuehn Law Encourages Investors of Solaris Energy Infrastructure, Inc. to Contact Law Firm
Prnewswire· 2025-05-14 19:48
Core Viewpoint - Kuehn Law, PLLC is investigating potential breaches of fiduciary duties by officers and directors of Solaris Energy Infrastructure, Inc. (NYSE: SEI) towards shareholders [1] Group 1: Allegations Against Solaris Energy - A federal securities lawsuit claims that insiders at Solaris misrepresented or failed to disclose critical information regarding Mobile Energy Rentals LLC (MER), including its lack of corporate history in mobile turbine leasing [2] - The lawsuit alleges that MER did not have a diversified earnings stream and that its co-owner was a convicted felon with a history of turbine-related fraud allegations [2] - As a result of these issues, Solaris is accused of overstating the commercial prospects of acquiring MER and inflating profitability metrics by not properly depreciating its turbines [2] - Positive statements made by Solaris about its business, operations, and prospects are claimed to be materially misleading and lacking a reasonable basis [2]
Angola Entry via Strategic Partnership with Corcel plc Investment in KON-16 Onshore Kwanza Basin
Globenewswire· 2025-05-14 11:41
Core Viewpoint - Sintana Energy Inc. has formed a strategic partnership with Corcel, plc to explore opportunities in Angola, specifically acquiring a 5% net interest in KON-16 in the Kwanza Basin [1][2]. Group 1: Partnership Details - Sintana will acquire a 5% net interest in KON-16 through a 5.88% equity stake in a Special Purpose Vehicle (SPV) that holds Corcel's 85% gross interest in KON-16 [2]. - The total consideration for the transaction is US$2.5 million, with an initial deposit of US$500,000 and the balance due at closing, expected in Q3 2025 [2]. - Sintana will also receive a future 2.5% Net Profits Interest (NPI) on Corcel's interest in KON-16, capped at $50 million, after which the NPI will reduce to 1.5% [2]. Group 2: Exploration Potential - KON-16 is considered a significant opportunity in the Kwanza Basin, with a history of successful exploration and multiple targets estimated to contain several hundred million barrels of recoverable oil [3]. - The partnership includes a Joint Study and Bid Agreement to evaluate and pursue further oil and gas exploration and production opportunities in Angola [4]. Group 3: Strategic Intent - The partnership reflects Sintana's strategy to collaborate with top-tier partners and invest in high-impact projects with substantial resource potential requiring minimal additional capital [6]. - The acquisition of interest in KON-16 is aimed at expanding Sintana's exposure in the West African conjugate margin [6].
Contact Levi & Korsinsky by May 27, 2025 Deadline to Join Class Action Against Solaris Energy Infrastructure, Inc. (SEI)
GlobeNewswire News Room· 2025-05-13 16:45
NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Solaris Energy Infrastructure, Inc. ("Solaris Energy Infrastructure, Inc." or the "Company") (NYSE: SEI) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Solaris Energy Infrastructure, Inc. investors who were adversely affected by alleged securities fraud between July 9, 2024 and March 17, 2025. Follow the link below to get more information and be contacted by a memb ...
SEI Makes Leadership Appointments in Traditional Investment Managers Segment
Prnewswire· 2025-05-13 13:00
Evolution of Leadership Reinforces SEI's Strategic Commitment to Serving Clients and Driving Growth About SEI's Investment Managers business "The convergence of public and private markets continues to alter the industry landscape, and traditional managers are launching alternative products—increasing the scope of their business needs. Operational complexity drives demand for a digital-first experience, with data at the core. Investing in our technology platforms and capabilities and reinforcing our high-tou ...
Solaris Energy Infrastructure, Inc. Sued for Securities Law Violations - Contact Levi & Korsinsky Before May 27, 2025 to Discuss Your Rights - SEI
Prnewswire· 2025-05-13 09:45
Core Viewpoint - A class action securities lawsuit has been filed against Solaris Energy Infrastructure, Inc. due to alleged securities fraud affecting investors between July 9, 2024, and March 17, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors who were adversely affected by alleged fraudulent activities [2]. - The complaint alleges that Solaris Energy Infrastructure made false statements regarding the acquisition of Mobile Energy Rentals LLC (MER), including claims about MER's corporate history, earnings diversification, and the criminal background of its co-owner [3]. - It is claimed that Solaris overstated the commercial prospects of the acquisition and inflated profitability metrics by failing to properly depreciate its turbines [3]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until May 27, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [4]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [5]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [5].
Investors in Solaris Energy Infrastructure, Inc. Should Contact The Gross Law Firm Before May 27, 2025 to Discuss Your Rights – SEI
GlobeNewswire News Room· 2025-05-12 17:18
Core Viewpoint - The Gross Law Firm is notifying shareholders of Solaris Energy Infrastructure, Inc. about a class action lawsuit due to alleged misleading statements and omissions related to the company's acquisition of Mobile Energy Rentals LLC [1][3]. Allegations - The complaint alleges that during the class period from July 9, 2024, to March 17, 2025, Solaris Energy Infrastructure made materially false and misleading statements regarding: - The lack of corporate history of Mobile Energy Rentals LLC in the mobile turbine leasing space [3]. - The absence of a diversified earnings stream for Mobile Energy Rentals [3]. - The co-owner of Mobile Energy Rentals being a convicted felon with a history of turbine-related fraud allegations [3]. - Overstated commercial prospects from the acquisition of Mobile Energy Rentals [3]. - Inflated profitability metrics due to improper depreciation of turbines [3]. - Misleading positive statements about the company's business and operations [3]. Next Steps for Shareholders - Shareholders who purchased shares during the specified class period are encouraged to register for the class action by May 27, 2025, to potentially become lead plaintiffs [4]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [4]. Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit, fraud, and illegal business practices, ensuring companies adhere to responsible business practices [5].
Solaris Energy Infrastructure, Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before May 27, 2025 to Discuss Your Rights - SEI
Prnewswire· 2025-05-12 09:45
Core Viewpoint - Solaris Energy Infrastructure, Inc. (NYSE: SEI) is facing allegations of issuing materially false and misleading statements regarding its acquisition of Mobile Energy Rentals LLC (MER), which has raised concerns about the company's business practices and financial reporting [1]. Allegations Summary - The complaint alleges that during the class period from July 9, 2024, to March 17, 2025, the defendants failed to disclose that MER had little to no corporate history in the mobile turbine leasing space [1] - It is claimed that MER did not have a diversified earnings stream, raising questions about its financial stability [1] - The co-owner of MER is identified as a convicted felon with multiple allegations of turbine-related fraud, which could impact the credibility of the acquisition [1] - As a result of these factors, Solaris is accused of overstating the commercial prospects of the acquisition [1] - The company allegedly inflated profitability metrics by failing to properly depreciate its turbines, leading to misleading financial statements [1] - Overall, the defendants' positive statements about the company's business, operations, and prospects are claimed to be materially misleading and lacking a reasonable basis [1]. Next Steps for Shareholders - Shareholders who purchased shares of SEI during the specified class period are encouraged to register for the class action by May 27, 2025, to potentially become lead plaintiffs [2] - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates on the case [2].
SEI Stock News: Solaris Energy Infrastructure, Inc. Investors Should Contact Robbins LLP for Information About the Pending Lead Plaintiff Deadline in the SEI Class Action
GlobeNewswire News Room· 2025-05-09 20:16
Core Viewpoint - A class action lawsuit has been filed against Solaris Energy Infrastructure, Inc. (SEI) for allegedly misleading investors regarding the acquisition of Mobile Energy Rentals LLC (MER) and its impact on the company's value [1][2]. Group 1: Allegations and Misconduct - The lawsuit claims that during the class period, Solaris failed to disclose critical information about MER, including its lack of corporate history in mobile turbine leasing and a non-diversified earnings stream [2]. - It is alleged that MER's co-owner has a criminal background related to turbine fraud, which Solaris did not disclose, leading to an overstatement of the acquisition's commercial prospects [2]. - The complaint also states that Solaris inflated its profitability metrics by not properly depreciating its turbines, contributing to misleading financial representations [2]. Group 2: Financial Impact - Following the revelation of these allegations, Solaris' stock price dropped by $4.15, or 16.9%, closing at $20.46 per share on March 17, 2025 [2]. Group 3: Class Action Participation - Shareholders interested in participating as lead plaintiffs in the class action must file their papers by May 27, 2025, although participation is not required to be eligible for recovery [3].
Lost Money on Solaris Energy Infrastructure, Inc.(SEI)? Join Class Action Suit Seeking Recovery – Contact Levi & Korsinsky
GlobeNewswire News Room· 2025-05-08 17:56
NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Solaris Energy Infrastructure, Inc. ("Solaris Energy Infrastructure, Inc." or the "Company") (NYSE: SEI) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Solaris Energy Infrastructure, Inc. investors who were adversely affected by alleged securities fraud between July 9, 2024 and March 17, 2025. Follow the link below to get more information and be contacted by a memb ...
The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of May 27, 2025 in Solaris Energy Infrastructure, Inc. Lawsuit - SEI
Prnewswire· 2025-05-08 09:45
NEW YORK, May 8, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Solaris Energy Infrastructure, Inc. (NYSE: SEI).Shareholders who purchased shares of SEI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/solaris-energy-infrastructure-inc-loss-submission-form/?id=147311&from=4 CL ...