Faruqi & Faruqi Initiates Securities Fraud Investigation into Solaris Energy Following NYSE:SEI Trading Concerns

Faruqi & Faruqi Reminds Solaris Energy Investors of the Pending Class Action Lawsuit with a Lead Plaintiff

April 25, 2023 - Faruqi & Faruqi, a leading national securities law firm, reminds investors of Solaris Energy, Inc. ("Solaris" or the "Company") (OTC: SOLR) of the pending class action lawsuit. The lawsuit was filed in the United States District Court for the Southern District of New York and is captioned as "Eaton v. Solaris Energy, Inc., et al., Case No. 22-cv-00639."

The lawsuit alleges that Solaris and certain of its officers and directors made false and misleading statements and omissions in connection with the Company's initial public offering ("IPO") and subsequent public offerings. Specifically, the complaint alleges that the defendants failed to disclose material information about the Company's financial condition, business operations, and management, which caused Solaris' stock price to artificially inflate.

On March 16, 2022, the Company's stock price plummeted after it issued a press release announcing a significant decline in its revenue and a material weakness in its internal controls over financial reporting. The lawsuit alleges that this decline was foreseeable and that the Company's officers and directors had knowledge of the issues that led to the decline, but failed to disclose this information to investors.

The lawsuit seeks to recover damages on behalf of all Solaris investors who purchased or acquired the Company's securities between September 20, 2021, and March 15, 2022. The lead plaintiff is a long-time Solaris investor who purchased shares of the Company's stock during the class period.

Faruqi & Faruqi's investigation is ongoing and the firm is actively investigating potential claims against Solaris and its officers and directors. If you have invested in Solaris and have suffered a loss, you may be eligible to recover your losses. To learn more about this lawsuit and to potentially join the case, please contact Faruqi & Faruqi's Securities Department at sfpinfo@faruqilaw.com or (877) 247-4292.

About Faruqi & Faruqi Faruqi & Faruqi is a leading national securities law firm with decades of experience in investigating and prosecuting complex securities cases. The firm has a proven track record of success in recovering losses on behalf of investors nationwide. To learn more about the firm and its attorneys, please visit www.faruqilaw.com.