Flotek investors face October 26 lead plaintiff deadline after 32% stock plunge

  • Schall, Brown & Schwartz reminded Flotek investors about the proposed securities class action.
  • October 26, 2026, is the deadline to seek appointment as lead plaintiff.
  • Flotek confirmed termination of its Puerto Rico power contract on August 19, 2026.

Investors who purchased Flotek Industries, Inc. securities between August 3 and August 17, 2026, have until October 26, 2026, to seek appointment as lead plaintiff in a proposed securities class action. Schall, Brown & Schwartz LLP said the complaint alleges Flotek made materially false or misleading statements about a power-generation project with the Puerto Rico Electric Power Authority, or PREPA, including risks concerning the consortium's financial capacity and organizational ability and the potential loss of contract revenue. The case follows reports and company disclosures concerning termination of a $400 million contract tied to PREPA. Wolfpack Research alleged on August 17 that the contract represented about 57% of Flotek's backlog and raised questions about the consortium involved in the broader $6 billion PREPA deal. Flotek shares fell 20.01% on August 17, 5.72% on August 18 and 6.85% on August 19, closing at $25.17 after the company confirmed termination of the power agreement. No class has been certified, and investors may retain counsel, remain absent class members or seek lead plaintiff status; participation in any recovery does not require serving as lead plaintiff.

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