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Lowey Dannenberg, P.C. is Investigating Flotek Industries, Inc. (NYSE: FTK) for Potential Violations of the Federal Securities Laws
GlobeNewswire Inc.·
Law firm Lowey Dannenberg is investigating Flotek Industries (NYSE: FTK) for potential federal securities violations following the cancellation of a major $400 million power generation agreement with Puerto Rico's Electric Power Authority (PREPA). The agreement represented 57% of Flotek's backlog. After Wolfpack Research published a critical report on August 17, 2026, PREPA terminated the contract, causing Flotek's stock to plummet approximately 20% ($7.17 per share). The investigation focuses on whether Flotek and its executives concealed risks and provided accurate information to investors.
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