Core Viewpoint - A securities class action lawsuit has been filed against Solaris Energy Infrastructure, Inc. for failing to disclose critical information regarding its acquisition of Mobile Energy Rentals LLC, leading to significant stock price decline after the truth was revealed [1][4]. Company Overview - Solaris Energy Infrastructure, Inc. is headquartered in Houston and develops equipment used in the oil and gas industry [2]. Acquisition Details - On July 9, 2024, Solaris announced the acquisition of Mobile Energy Rentals LLC, which was completed on September 11, 2024 [2]. Allegations in the Lawsuit - The lawsuit claims that Solaris failed to disclose that: - Mobile Energy Rentals had minimal experience in mobile turbine leasing [3]. - The company lacked a diversified earnings stream [3]. - One of MER's co-owners was a convicted felon linked to turbine fraud [3]. Impact of the Allegations - On March 17, 2025, a report by Morpheus Research revealed that MER was a small operation with approximately 4.15, or nearly 17%, closing at $20.46 per share [4].
TUESDAY DEADLINE: Berger Montague Advises Solaris Energy Infrastructure (NYSE: SEI) Investors to Inquire About a Securities Fraud Class Action by May 27, 2025