Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Solaris Energy Infrastructure, Inc. due to allegations of misleading statements and undisclosed information related to its acquisition of Mobile Energy Rentals LLC, which has raised concerns among investors [2][4]. Group 1: Allegations Against Solaris - The complaint alleges that Solaris and its executives violated federal securities laws by making false and misleading statements regarding Mobile Energy Rentals LLC (MER) [4]. - Specific allegations include that MER had little corporate history in mobile turbine leasing, lacked a diversified earnings stream, and was co-owned by a convicted felon associated with turbine-related fraud [4]. - As a result of these issues, Solaris is accused of overstating the commercial prospects of the acquisition and inflating profitability metrics [4]. Group 2: Investigative Findings - An investigative report by Morpheus Research revealed that MER was a small revenue equipment leasing business with no employees and no turbines, contradicting Solaris's claims [5]. - The report highlighted that 96% of MER's Power Solutions revenue came from a single customer, undermining claims of a diversified earnings stream [6]. - Following the report's release, Solaris's stock price fell by 20.46 per share on March 17, 2025, indicating significant market reaction to the allegations [6]. Group 3: Legal Proceedings - Investors who suffered losses exceeding $100,000 in Solaris between July 9, 2024, and March 17, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal options [1]. - There is a deadline of May 27, 2025, for investors to seek the role of lead plaintiff in the federal securities class action against Solaris [2]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding Solaris's conduct [8].
INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Solaris Energy