Wolf Haldenstein Adler Freeman & Herz LLP announced a securities class action against Flotek Industries, Inc. over disclosures surrounding a 10-year agreement to support a 400-megawatt natural gas-fired power project for the Puerto Rico Electric Power Authority, or PREPA. The updated case record also includes a prior Pomerantz LLP announcement concerning the same project and class period. Investors who purchased or otherwise acquired Flotek securities from August 3 through August 14, 2026, may seek appointment as lead plaintiff by October 26, 2026. The complaint alleges that Flotek failed to disclose concerns about the experience, organization and financial capacity of the project consortium and the resulting risk that contract revenue would not be realized. Wolfpack Research said on August 17 that the approximately $400 million contract, representing about 57% of Flotek’s backlog, had been canceled. Flotek shares fell $7.17, or approximately 20%, to $28.66 that day. Puerto Rico’s Financial Oversight and Management Board subsequently directed PREPA to terminate the agreement, while Flotek said it had not received a formal termination notice and that its participation remained subject to resolution of the contract matter.