Newsfile Corp
05 Sept 2026, 13:39 UTC · 1h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
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What the story claims
3 claims · each scored for market impact
Flotek Industries' 10-year power generation contract with the Puerto Rico Electric Power Authority (PREPA) has been terminated. — The contract represented approximately 57% of the company's backlog, signifying a massive loss of projected future revenue.
-0.90A federal securities class action lawsuit has been filed against Flotek Industries alleging false and misleading statements regarding the PREPA project. — Legal proceedings and fraud allegations create significant liability risks and damage investor confidence in management.
-0.50Flotek's stock price experienced a sharp decline over three consecutive trading days following the contract termination news. — Confirms immediate market devaluation and high volatility resulting from the loss of the PREPA contract.
-0.30Which stocks this story touches
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The company is facing a securities class action lawsuit following the termination of a major contract representing 57% of its backlog and a significant drop in stock price.
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