Pomerantz LLP announced that a class action lawsuit has been filed against Flotek Industries, Inc. over alleged securities fraud or other unlawful business practices involving certain company officers and/or directors. Investors who purchased or otherwise acquired Flotek securities during the unspecified Class Period have until October 26, 2026, to ask the court for appointment as Lead Plaintiff. The case follows Flotek's August 3 announcement of a 10-year agreement supporting a 400 MW natural gas-fired power generation project for the Puerto Rico Electric Power Authority, which Flotek said would create an approximately $400 million revenue backlog. Wolfpack Research later alleged that the contract had been canceled and questioned the substitution of Flotek for Enchanted Rock, LLC in the broader $6 billion PREPA deal. Flotek shares fell 20.01% on August 17 and another 5.72% on August 18 after related disclosures. Flotek said it had not received a formal termination notice and that its project participation remained subject to resolution of the PREPA contract matter.