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Flotek sued for hiding cancellation of $400M Puerto Rico energy deal, stock drops 20%

Market News
28 Aug 2026
PRNewsWire
View Source
Bearish
pluang ai news

Flotek Industries faces a class action lawsuit for allegedly misleading investors by not disclosing the cancellation of a $400 million contract with the Puerto Rico Electric Power Authority. The contract, initially announced on August 3, 2026, was canceled by August 17, causing Flotek's stock to plunge 20%. The lawsuit covers investors who bought Flotek shares between these dates and may seek damages. Robbins LLP represents affected investors, with a lead plaintiff deadline of October 26, 2026.

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Uber stays bullish with growth and global moves despite autonomous tech risks and recent stock dip

Uber stays bullish with growth and global moves despite autonomous tech risks and recent stock dip

Uber Technologies maintains a Buy rating amid stock volatility, driven by strong core business and strategic investments. The company is tackling autonomous vehicle risks by investing $10 billion and planning to integrate 120,000 AVs. Uber's global e...

Market News
Bullish
1 hour ago
Stifel Nicolaus raises Donaldson's price target to $95 after record fiscal 2026 results.

Stifel Nicolaus raises Donaldson's price target to $95 after record fiscal 2026 results.

Stifel Nicolaus increased its price target for Donaldson Company to $95, reflecting a 3.77% potential upside. Donaldson reported record fiscal 2026 results with $3.9 billion in sales, a 5% increase, and adjusted EPS up 8% to $3.98. The company also a...

Analyst Insights
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Power Metallic launches $200K marketing push ahead of key mineral resource update

Power Metallic launches $200K marketing push ahead of key mineral resource update

Power Metallic Mines Inc. has initiated a $200,000 digital marketing campaign with Native Ads to promote its upcoming Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA). The campaign focuses on investor engagement through digit...

Company Fundamentals
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4 hours ago
QQQI ETF pays monthly income with low current tax but defers taxes until shares are sold.

QQQI ETF pays monthly income with low current tax but defers taxes until shares are sold.

The NEOS Nasdaq-100 High Income ETF (QQQI) provides a monthly income that appears nearly tax-free to retirees, as much of the distribution is classified as return of capital (ROC). This ROC lowers the investor's cost basis rather than being taxed imm...

Market News
Neutral
4 hours ago
Septerna stock soars 315% on Novo Nordisk deal and key drug milestones

Septerna stock soars 315% on Novo Nordisk deal and key drug milestones

Septerna, Inc. has seen its shares rise over 315% since May 2025, fueled by its focus on GPCR drug discovery and a strategic collaboration with Novo Nordisk targeting multiple receptors. The partnership generated $26.7 million in Q2 collaboration rev...

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