Important Information for Investors: Securities Class Action Lawsuit against Solaris Energy Infrastructure, Inc.
Kahn Swick & Foti, LLC (KSF) and its partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 27, 2025, to file lead plaintiff applications in a securities class action lawsuit against Solaris Energy Infrastructure, Inc. (Solaris or the Company) (NYSE: SEI).
The lawsuit alleges that Solaris and certain of its executives and directors made false and/or misleading statements and/or failed to disclose material information during the Class Period, which is between July 9, 2024, and March 17, 2025, inclusive.
Allegations against Solaris
The complaint alleges that Solaris misrepresented and/or failed to disclose that:
- The Company was experiencing significant operational and financial challenges;
- The Company’s financial results for the fourth quarter of 2024 and full year 2024 would be materially below prior guidance;
- The Company’s revenue growth was not sustainable;
- The Company was experiencing delays and project execution issues with certain of its solar projects;
- The Company’s internal controls over financial reporting were weak and inadequate;
Impact on Individual Investors
If you purchased Solaris securities during the Class Period and suffered a loss, you may be able to recover your loss by serving as a lead plaintiff in this class action lawsuit. In order to be a lead plaintiff, you must meet certain legal requirements and be among the first to file an application with the Court.
Impact on the World
The securities class action lawsuit against Solaris could have significant implications for the renewable energy industry as a whole. The allegations of operational and financial mismanagement could deter investors from investing in other renewable energy companies, potentially leading to a decrease in market value for these companies. Additionally, if the allegations are proven true, it could lead to increased regulation and oversight of the renewable energy industry.
Conclusion
If you purchased Solaris securities during the Class Period and believe you may have a claim, we encourage you to contact KSF to discuss your potential role in this class action lawsuit. The deadline to file a lead plaintiff application is May 27, 2025. For more information, please contact KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., at 1-877-515-1850 or via email at [email protected].
The securities class action lawsuit against Solaris is just one example of the importance of investors being informed and vigilant when it comes to their investments. As the renewable energy industry continues to grow, it is crucial that companies operate transparently and honestly to maintain investor confidence and trust.
