Solaris Energy Infrastructure (NYSE: SEI) Deadline Approaching: Berger Montague Advises Investors of Deadline in Securities Fraud Lawsuit

1. A class action lawsuit has been filed against Solaris Energy Infrastructure, Inc. 2. The lawsuit alleges undisclosed information about MER's inexperience and ownership issues. 3. Investors must seek lead plaintiff status by May 27, 2025, for participation. 4. Solaris acquired Mobile Energy Rentals LLC, which allegedly lacks diversified earnings. 5. The case highlights serious concerns over management transparency and ethical practices.

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Why Bearish?

The lawsuit raises significant concerns about management integrity and investor trust. Similar cases have historically led to stock price declines for affected companies.

How important is it?

The lawsuit reveals critical potential governance issues that could dissuade future investment and affect stock performance.

Why Short Term?

Initial investor reactions often occur quickly; legal issues can negatively impact sentiment immediately, evidenced by prior incidents in the sector.

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NYSE: MER

PHILADELPHIA, May 15, 2025

/PRNewswire/ -- Berger Montague PC advises investors that a securities class action lawsuit has been filed against Solaris Energy Infrastructure, Inc. ("Solaris" or the "Company") (NYSE: SEI) on behalf of purchasers of Solaris securities between July 9, 2024 through March 17, 2025, inclusive (the "Class Period").

Investor Deadline:

Investors who purchased or acquired Solaris securities during the Class Period may, no later than MAY 27, 2025, seek to be appointed as a lead plaintiff representative of the class. To learn your rights, CLICK HERE.

Headquartered in Houston, Solaris develops equipment used in the oil and gas industry. On July 9, 2024, Solaris announced that it has entered into an agreement to acquire Mobile Energy Rentals LLC ("MER"). Solaris completed the MER acquisition on September 11, 2024.

According to the lawsuit, throughout the Class Period, Defendants failed to disclose to investors that: (1) MER had little, if any, experience in the mobile turbine leasing space; (2) MER did not have a diversified earnings stream; and (3) MER's co-owner was a convicted felon associated with turbine fraud.

To learn your rights or for more information, CLICK HERE or please contact Berger Montague: Andrew Abramowitz at [email protected] or (215) 875-3015, or Peter Hamner at [email protected].

A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the Court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member.

Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.

Contact:

Andrew Abramowitz, Senior Counsel
Berger Montague
(215) 875-3015
[email protected]

Peter Hamner
Berger Montague PC
[email protected]

SOURCE Berger Montague