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 [3][5][6] 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) [5] - Specific allegations include that MER had little corporate history, lacked a diversified earnings stream, and was co-owned by a convicted felon involved in turbine-related fraud [5][6] - It is claimed that Solaris overstated the commercial prospects of the acquisition and inflated profitability metrics by failing to properly depreciate its turbines [5] 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 [6][7] - The report highlighted that 96% of MER's Power Solutions revenue came from a single customer, challenging the assertion of a diversified earnings stream [7] - Following the report, Solaris's stock price fell by $4.15, or 16.9%, closing at $20.46 per share on March 17, 2025, amid heavy trading volume [7] Group 3: Legal Proceedings - Investors who purchased Solaris securities between July 9, 2024, and March 17, 2025, are encouraged to discuss their legal rights and options with Faruqi & Faruqi [1][3] - 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 [3][8] - The lead plaintiff is defined as the investor with the largest financial interest in the relief sought, who will oversee the litigation on behalf of the class [8]
INVESTOR ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Solaris Energy