#USA #San Diego #Class Action #Robbins LLP #Solaris Energy

Class Action Lawsuit Against Solaris Energy Infrastructure, Inc.

Robbins LLP has recently reminded investors in Solaris Energy Infrastructure, Inc. (NYSE: SEI) that a class action lawsuit has been filed on behalf of shareholders who purchased or acquired shares from July 9, 2024, to March 17, 2025. The legal action arises from allegations that Solaris misled its investors about the beneficial impact of its acquisition of Mobile Energy Rentals LLC (MER). Here's what investors need to know.

Background on Solaris Energy Infrastructure

Solaris is a key player in providing equipment utilized for the completion of oil and natural gas wells across the United States. On July 9, 2024, the company announced its plans to acquire MER. However, the acquisition has since come under scrutiny due to several alarming allegations regarding MER’s operational capabilities and the legitimacy of its ownership.

The Allegations Against Solaris

According to the lawsuit, several critical points were not disclosed to investors during the acquisition period:

1. Lack of Corporate History: MER reportedly has little to no history in the mobile turbine leasing sector, which is crucial for its operational credibility.
2. Earnings Concerns: The company has been described as having a non-diversified earnings stream, casting doubt on its financial stability and the rationale behind the acquisition.
3. Ownership Issues: Allegations from the complaint suggest that one of MER's co-owners is a convicted felon tied to multiple turbine-related fraud cases.
4. Overstated Prospects: There is a claim that Solaris exaggerated the benefits and commercial prospects associated with the acquisition of MER.
5. Inflated Profitability Metrics: Furthermore, Solaris allegedly inflated its profitability metrics by not properly depreciating its turbines, leading to misleading financial reporting.

When these details came to light, Solaris’ stock took a significant hit, plummeting by $4.15 or 16.9%, closing down at $20.46 per share on March 17, 2025.

Call to Action for Investors

Shareholders who believe they have been affected by these misrepresentations and want to participate in the class action must submit their papers to the court by May 27, 2025. This deadline is crucial as it determines who can serve as the lead plaintiff for the class, essentially acting on behalf of other investors.

It's essential to note that while participating as a lead plaintiff provides an active role in the litigation, investors are not obliged to step into the spotlight. They can choose to remain as absent class members and still be eligible for potential recoveries later on. All legal representation in this case is on a contingency fee basis, meaning that shareholders will not incur fees or expenses unless they win the case.

About Robbins LLP

Robbins LLP has built a strong reputation in shareholder rights litigation, dedicated to aiding investors in reclaiming their losses and demanding accountability from corporate executives. With a history of tackling corporate governance issues since 2002, they are a trusted ally for shareholders.

For ongoing updates and to be notified if the class action against Solaris Energy Infrastructure, Inc. settles, interested parties are encouraged to sign up for Stock Watch alerts provided by Robbins LLP.

In summary, investors of Solaris Energy Infrastructure who find themselves misled regarding the acquisition of Mobile Energy Rentals LLC should take swift action to secure their positions in the class action. Claiming one’s rights in the legal system can often be the first step toward recovering losses and ensuring greater corporate responsibility in the future.