Solaris Energy Infrastructure, Inc. (SEI) Investors Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation
Solaris Energy Infrastructure, Inc. (SEI) Investors Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation
BENSALEM, Pa.--(BUSINESS WIRE)-- Law Offices of Howard G. Smith announces an investigation on behalf of Solaris Energy Infrastructure, Inc. (“Solaris” or the “Company”) (NYSE: SEI) investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN SOLARIS ENERGY INFRASTRUCTURE, INC. (SEI), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
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 “despite Solaris’s claims” that 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:
Law Offices of Howard G. Smith
3070 Bristol Pike, Suite 112
Bensalem, Pennsylvania 19020
Telephone: (215) 638-4847
Email: howardsmith@howardsmithlaw.com
Visit our website at: www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250318835399/en/
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
Source: Law Offices of Howard G. Smith