Core Viewpoint - A class action lawsuit has been initiated against Solaris Energy Infrastructure, Inc. on behalf of investors who suffered losses during the specified class period from July 9, 2024, to March 17, 2025, due to alleged misleading statements and undisclosed information regarding the company's operations and acquisitions [1][2]. Summary by Relevant Sections Lawsuit Details - The lawsuit seeks to recover losses for investors who acquired securities during the class period [1]. - Investors wishing to act as lead plaintiffs must file a motion by May 27, 2025 [1]. Allegations Against Solaris Energy Infrastructure - The complaint alleges that during the class period, the defendants made materially false and misleading statements and failed to disclose critical information, including: - Mobile Energy Rentals LLC (MER) had minimal corporate history in mobile turbine leasing [2]. - MER lacked a diversified earnings stream [2]. - A co-owner of MER was a convicted felon with a history of turbine-related fraud allegations [2]. - Solaris overstated the commercial prospects of its acquisition of MER [2]. - The company inflated profitability metrics by not properly depreciating its turbines [2]. - Consequently, the positive statements made by the defendants regarding the company's business and prospects were misleading and lacked a reasonable basis [2].
Solaris Energy Infrastructure, Inc. Shareholders Who Lost Money on Their Investment are Encouraged to Contact Johnson Fistel about the Class Action Lawsuit