
FTK CLASS ACTION NOTICE: Faruqi & Faruqi, LLP Reminds Flotek Industries Investors of Securities Class Action Lawsuit Deadline on October 26, 2026
Newsfile Corp
Published: Sep 05, 2026, 01:39 PM
Sentiment Analysis
If you purchased or acquired securities in Flotek Industries between August 3, 2026 and August 17, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310) . New York, New York--(Newsfile Corp. - September 5, 2026) - Faruqi & Faruqi, LLP , a leading national securities law firm, is investigating potential claims against Flotek Industries, Inc. ("Flotek Industries" or the "Company") (NYSE: FTK) and reminds investors of the October 26, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) that there were credible reasons to doubt the experience, organization, and financial capacity of the consortium parties for PREPA's power generation project; (2) that, as a result, there was a risk that revenue from the PREPA contract would not be realized; and (3) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. On August 17, 2026, Wolfpack Research published a report alleging Flotek's "$400 million contract with the Puerto Rico Electric Power Authority (PREPA), accounting for ~57% of FTK's backlog, has been canceled." On this news, Flotek's stock price fell $7.17, or 20.01%, to close at $28.66 per share on August 17, 2026, on unusually heavy trading volume. On August 18, 2026, before the market opened, the Company announced the Financial Oversight and Management Board for Puerto Rico voted to direct the PREPA to terminate a 10-year power generation contract in which Flotek holds project responsibilities. On this news, Flotek's stock price fell $1.64, or 5.72%, to close at $27.02 on August 18, 2026, on unusually heavy trading volume. On August 19, 2026, before the market opened, Flotek confirmed the termination of the Puerto Rico power contract. The Company disclosed that PREPA delivered formal notice terminating the power purchase and operating agreement with the company, effective immediately. On this news, Flotek's stock price fell $1.85, or 6.85%, to close at $25.17 per share on August 19, 2026, on unusually heavy trading volume. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. Faruqi & Faruqi, LLP also encourages anyone with information regarding Flotek Industries' conduct to contact the firm, including whistleblowers, former employees, shareholders and others. To learn more about the Flotek Industries class action, go to www.faruqilaw.com/[FTK](/en/us/FTK) or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310) .
Source: Newsfile Corp
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