Newsfile Corp
29 Sept 2026, 21:40 UTC · 2h ago
Verdict
Headline takes no side. We score FTK −1.00 across three claims — strongly bearish.
−1.00strongly bearish
More negative than 95% of ticker scores this week
What the story claims
3 claims · scored −1 bearish … +1 bullish · 1 new · 2 priced in
Wolfpack Research alleged on August 17, 2026, that Flotek's $400 million PREPA contract, representing roughly 57% of its backlog, was canceled.
Priced inreport published August 17, 2026
So whatThe loss of over half the company's backlog suggests a massive revenue shortfall for the coming fiscal years.
More negative than 99% of claims this week
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Scored by the NIS engine · methodology.
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A class action lawsuit has been filed against Flotek for allegedly misleading investors regarding the PREPA project's viability between August 3 and August 14, 2026.
Priced indated September 29, 2026, discussing August events
So whatLegal liabilities and potential settlements create an unplanned cash outflow and overhang for the 2027 fiscal year.
More negative than 76% of claims this week
The deadline for investors to move the court to become lead plaintiff in the Flotek securities class action is October 26, 2026.
Newannouncement published September 29, 2026
So whatThe window for leadership consolidation in the lawsuit closes in under 30 days.
More negative than 62% of claims this week
Which stocks this story touches
More negative than 95% of ticker scores this week
The company is facing a class action lawsuit following allegations that a major contract was cancelled and that it made misleading statements.
More negative than 72% of ticker scores this week
Mentioned in the context of a securities class action deadline.
More negative than 72% of ticker scores this week
Mentioned in the context of a securities class action lead plaintiff deadline.
More negative than 72% of ticker scores this week
Mentioned in the context of a securities class action lead plaintiff deadline.
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GlobeNewsWire
3h ago
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FTK hasn't traded since this ran. Last close $28.50 (Sep 29); the reaction starts at the next open.
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