LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz announces an investigation of Solaris Energy Infrastructure, Inc. (“Solaris” or the “Company”) (NYSE: SEI) on behalf of investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON SOLARIS ENERGY INFRASTRUCTURE, INC. (SEI), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.
What Is The Investigation About?
On March 17, 2025, Morphus Research published a short report alleging, among other things, that Solaris appears to have “inflated short-term profitability through basic accounting games” including by “depreciating its gas turbines assuming they have a useful life of 25 years” while others operating the same type of turbines estimate a useful life of approximately 8.5 years. The report also alleges that “despite Solaris’s claims” the Company’s recent acquisition, Mobile Energy Rentals LLC, had a “diversified earnings stream” at the time of acquisition, in fact, “96% of turbine leasing revenue was driven” by one customer during 2024.
On this news, Solaris’s stock price fell $4.15, or 16.9%, to close at $20.46 per share on March 17, 2025, thereby injuring investors.
Contact Us To Participate or Learn More:
If you purchased Solaris securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Call us at: 310-914-5007
Email us at: [email protected]
Visit our website at: www.frankcruzlaw.com.
Follow us for updates on Twitter at twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
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Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz
310-914-5007
[email protected]
www.frankcruzlaw.com
