Group 1 - A class action has been filed against Solaris Energy Infrastructure, Inc. on behalf of investors who purchased securities between July 9, 2024, and March 17, 2025 [1] - Solaris Energy Infrastructure, Inc. provides equipment for oil and natural gas well completion in the U.S. and announced an acquisition of Mobile Energy Rentals LLC on July 9, 2024 [1] - Allegations include misleading investors about the value of the acquisition, with claims that Mobile Energy Rentals had minimal corporate history, lacked diversified earnings, and was associated with a convicted felon [2] Group 2 - The stock price of Solaris fell by $4.15, or 16.9%, closing at $20.46 per share on March 17, 2025, following the revelation of the alleged misstatements [2] - Shareholders interested in serving as lead plaintiffs must file their papers by May 27, 2025, and can remain absent class members if they choose not to participate [3] - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses for representation [4]

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Solaris To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $100,000 in Solaris between July 9, 2024 and March 17, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, April 13, 2025 (GLOBE NE ...

NEW YORK, April 11, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Solaris Energy Infrastructure, Inc. ("Solaris Energy Infrastructure, Inc." or the "Company") (NYSE: SEI) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Solaris Energy Infrastructure, Inc. investors who were adversely affected by alleged securities fraud between July 9, 2024 and March 17, 2025. Follow the link below to get more information and be contacted by a member ...

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 $800 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].

Core Viewpoint - A class action securities lawsuit has been filed against Solaris Energy Infrastructure, Inc. due to alleged securities fraud affecting investors between July 9, 2024, and March 17, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors who were adversely affected by alleged securities fraud during the specified period [2]. - The complaint alleges that the defendants made false statements and concealed critical information regarding Mobile Energy Rentals LLC (MER), including its lack of corporate history in mobile turbine leasing and a non-diversified earnings stream [3]. - It is claimed that MER's co-owner has a criminal background associated with turbine-related fraud, leading to an overstatement of Solaris's commercial prospects from the acquisition [3]. - The lawsuit also alleges that Solaris inflated profitability metrics by failing to properly depreciate its turbines, resulting in materially misleading statements about the company's business and operations [3]. Group 2: Next Steps for Investors - Investors who suffered losses in Solaris Energy Infrastructure, Inc. during the relevant timeframe have until May 27, 2025, to request appointment as lead plaintiff [4]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [4]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [5]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [5].

Core Viewpoint - Solaris Energy Infrastructure, Inc. (NYSE: SEI) is facing allegations of issuing materially false and misleading statements regarding its acquisition of Mobile Energy Rentals LLC (MER), which has raised concerns about the company's business practices and financial disclosures [1][2]. Group 1: Allegations Against Solaris Energy - The complaint alleges that MER had little to no corporate history in the mobile turbine leasing space [1] - It is claimed that MER did not have a diversified earnings stream [1] - The co-owner of MER is identified as a convicted felon associated with multiple allegations of turbine-related fraud [1] - Solaris is accused of overstating the commercial prospects of the acquisition of MER [1] - The company allegedly inflated profitability metrics by failing to properly depreciate its turbines [1] - As a result of these issues, the positive statements made by Solaris regarding its business and operations were materially misleading [1] Group 2: Class Action Details - The class period for the allegations is from July 9, 2024, to March 17, 2025 [1] - Shareholders are encouraged to register for the class action by May 27, 2025, to potentially become lead plaintiffs [2] - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case [2] Group 3: Role of Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit and fraud [3] - The firm aims to ensure that companies adhere to responsible business practices and engage in good corporate citizenship [3] - The firm seeks recovery for investors who suffered losses due to misleading statements or omissions that led to artificial inflation of stock prices [3]

Core Viewpoint - Investors in Solaris Energy Infrastructure, Inc. have the opportunity to lead a securities fraud class action lawsuit due to substantial losses incurred [1][2]. Summary by Relevant Sections Lawsuit Details - The lawsuit alleges that from July 9, 2024, to March 17, 2025, Solaris failed to disclose critical information to investors, including: - Limited corporate history of its mobile turbine leasing subsidiary, MER [3] - Lack of a diversified earnings stream for MER [3] - Co-owner of MER being a convicted felon with a history of turbine-related fraud allegations [3] - Overstatement of commercial prospects from an acquisition [3] - Inflation of profitability metrics due to improper depreciation of turbines [3] - Misleading positive statements regarding the company's business and prospects [3] Participation Information - Investors wishing to participate in the class action must contact the Law Offices of Howard G. Smith before May 27, 2025, which is the lead plaintiff deadline [2][4]. - Interested parties can reach out via email, phone, or the law firm's website for more information [4][6]. Class Action Membership - To be part of the class action, investors do not need to take immediate action and can choose to retain counsel or remain absent [5].

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 $4.15, or 16.9%, closing at $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].

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][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) [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]. - It is claimed that Solaris overstated the commercial prospects of the acquisition and inflated profitability metrics by failing to properly depreciate its turbines [4]. Group 2: Investigative Report Findings - An investigative report by Morpheus Research revealed that MER was a small equipment leasing business with approximately $2.5 million in revenue, operating out of a condo with no employees or turbines [5]. - The report highlighted that 96% of MER's Power Solutions revenue came from a single customer, contradicting Solaris's claims of a diversified earnings stream [6]. - Following the report's release, Solaris's stock price dropped by $4.15, or 16.9%, closing at $20.46 per share on March 17, 2025, amid unusually heavy trading volume [6]. Group 3: Legal Proceedings and Investor Actions - 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 rights [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].

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 during the specified Class Period [1][3]. Company Overview - Solaris Energy Infrastructure, Inc. is headquartered in Houston and develops equipment used in 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]. Lawsuit Details - The lawsuit claims that Solaris failed to disclose that Mobile Energy Rentals had minimal experience in mobile turbine leasing, lacked a diversified earnings stream, and that a co-owner was a convicted felon linked to turbine fraud [3]. - Investors who purchased Solaris securities during the Class Period have until May 27, 2025, to seek appointment as lead plaintiff [2].