Solaris Energy (SEI) Soars 36% Amid Lawsuit

Solaris Energy (SEI) shares rose 0.11% today, marking the fourth consecutive day of gains, with a 30.28% increase over the past four days. The stock price reached its highest level since March 2025, with an intraday gain of 1.10%.

The strategy of buying SEI shares after they reached a recent high and holding for 1 week resulted in moderate returns over the past 5 years. The backtest shows an annual return of 9.16% per year, with 66.88% of months experiencing positive returns. However, the maximum drawdown was -17.95% in 2022, indicating significant volatility. Overall, this strategy provided decent returns but came with considerable risk.

One of the most significant factors influencing the recent volatility in Solaris Energy Infrastructure, Inc. (SEI) stock price is the class action securities lawsuit filed against the company. The lawsuit alleges that Solaris Energy Infrastructure made false statements and concealed critical information about its acquisition of Mobile Energy Rentals LLC (MER). The allegations include MER's lack of corporate history in the mobile turbine leasing space, the absence of a diversified earnings stream, and the involvement of a co-owner with a criminal background related to turbine fraud. These claims suggest that Solaris overstated the commercial prospects of the acquisition and inflated profitability metrics, leading to misleading statements about the company's business operations and prospects.

The lawsuit has raised concerns among investors about the transparency and integrity of Solaris Energy's business practices. The allegations of false statements and concealed information have led to significant fluctuations in the stock price, including a recent 36% rebound in the last thirty days. This legal battle has put Solaris Energy under intense scrutiny, with investors closely monitoring the developments and their potential impact on the company's future performance.