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NYSE: SEI INVESTOR ALERT: Berger Montague Advises Solaris Energy Infrastructure Investors of a May 27, 2025 Deadline
SEISolaris Energy Infrastructure, Inc.(SEI) Prnewswire·2025-04-10 19:31

Core Viewpoint - A securities class action lawsuit has been filed against Solaris Energy Infrastructure, Inc. for alleged misrepresentation during the acquisition of Mobile Energy Rentals LLC, leading to significant stock price decline [1][3]. Company Overview - Solaris Energy Infrastructure, Inc. is headquartered in Houston and develops equipment for the oil and gas industry [2]. - The company announced the acquisition of Mobile Energy Rentals LLC on July 9, 2024, and completed the acquisition on September 11, 2024 [2]. Allegations and Impact - A report by Morpheus Research on March 17, 2025, claimed that Mobile Energy Rentals was a small revenue business with no employees and no operational history in the mobile turbine rental industry, which raised concerns about its legitimacy [3]. - The report also revealed that a co-owner of MER had a criminal background linked to a significant gas turbine scandal involving 800million,whichincludedallegationsofbidriggingandcorruption[3].Followingthepublicationofthisreport,Solarisstockpricedroppedby800 million, which included allegations of bid rigging and corruption [3]. - Following the publication of this report, Solaris' stock price dropped by 4.15, nearly 17%, closing at $20.46 per share on March 17, 2025 [3].