Solaris Energy Infrastructure, Inc. (NYSE: SEI)

This lawsuit is for anyone who acquired securities in Solaris Energy Infrastructure, Inc. (NYSE: SEI) from July 9, 2024 through March 17, 2025.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by overstating income through accounting tricks.

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 the “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, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Solaris Energy Infrastructure, Inc. (NYSE: SEI) from July 9, 2024 through March 17, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.