The filed complaint alleges that Solaris Energy Infrastructure, Inc. made materially false and/or misleading statements and/or failed to disclose that: On March 17, 2025, Morpheus Research released a report alleging that the company’s Power Solutions division is built on an overvalued acquisition involving an individual with a history of environmental crimes. Additionally, the report raises concerns about potential overreliance on a single major customer, undisclosed environmental regulatory risks, and questionable financial reporting practices.
Following this news, shares of Solaris Energy Infrastructure, Inc. fell over 15% in intraday trading on that day.