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Flotek Stock Surges As Pwrtek Expands Into Utility Infrastructure

Aug 3, 2026, 2:50 PMAkanksha Bakshi

Flotek Stock rises after a 10-year Puerto Rico power deal adds about $400 million in expected revenue backlog.

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FTK
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benzinga
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Aug 3, 2026, 2:50 PM
Checked
Aug 3, 2026, 2:50 PM
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Captured once, then retained as an archive reference
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  1. Aug 27, 2026, 2:57 PMLowey Dannenberg, P.C.

    Lowey Dannenberg, P.C. is Investigating Flotek Industries, Inc. (NYSE: FTK) for Potential Violations of the Federal Securities Laws

    Law firm Lowey Dannenberg is investigating Flotek Industries (NYSE: FTK) for potential federal securities violations following the cancellation of a major $400 million PREPA power generation agreement. The contract represented 57% of Flotek's revenue backlog. After Wolfpack Research published a critical report on August 17, 2026, PREPA terminated the agreement, causing Flotek's stock to plunge $7.17 per share (20%) to $28.66. The investigation focuses on whether Flotek concealed risks and provided accurate information to investors.

    Read original at globenewswire-inc
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  2. Aug 27, 2026, 12:50 PMGrabar Law Office

    Important Notice to Long-Term Shareholders Aardvark Therapeutics, Inc. (NASDAQ: AARD); Flotek Industries, Inc. (NYSE: FTK); GoDaddy Inc. (NYSE: GDDY); and Hub Group, Inc. (NASDAQ: HUBG); Grabar Law Office is Investigating Claims on Your Behalf

    Grabar Law Office announced investigations into shareholder claims against four companies: Aardvark Therapeutics for allegedly misleading statements about drug safety leading to 56% stock decline; Flotek Industries for misrepresentations regarding a terminated Puerto Rico power project; GoDaddy for failing to disclose impact of promotional pricing on bookings; and Hub Group for material financial statement misstatements. Long-term shareholders may pursue corporate reforms and compensation.

    Read original at globenewswire-inc
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  4. Aug 18, 2026, 11:12 AMBenzinga Newsdesk

    Flotek Industries Announces Puerto Rico Oversight Board Members Have Voted To Direct PREPA To Terminate The Contract; PREPA Has Not Delivered A Formal Notice Of Termination; Reaffirms FY2026 Sales Of $340M-$350M And Adjusted EBITDA Of $47M-$51M

    Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE:FTK) today provided an update regarding its previously announced participation in the Emergency Temporary Power Generation Puerto Rico project

    Read original at benzinga
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