(Bloomberg) — Morpheus Research, a new short-selling firm that includes alumni of Hindenburg Research, published its first report Monday.
Most Read from Bloomberg
The research note posted on X targets Solaris Energy Infrastructure Inc. and sent shares of the Houston-based power company tumbling 17% — the largest drop for the stock since Jan. 27.
Solaris Energy and Morpheus Research did not immediately respond to a Bloomberg News request for comment.
Morpheus Research announced itself as a “new investigative research group dedicated to exposing corporate misconduct and fraud” in a March 14 X post. On that same day, Nate Anderson, a famed short-seller who earlier this year disbanded Hindenburg Research, said in an X post that Morpheus Research included some of his former team members. Anderson, however, is not involved in the new company.
“On a personal level, the employees of Hindenburg were the engine that saw us thrive and I am thrilled to see them spreading their wings on their own,” Anderson said in an email.
Hindenburg Research earned a name for itself on Wall Street for campaigns that took aim at billionaires such as Gautam Adani, Jack Dorsey and Carl Icahn. The company’s final reports before it shutdown focused on used car platform Carvana Co., payments company Sezzle Inc. and PACS Group Inc., a nursing home operator.
(Updates stock moves at market close.)
Most Read from Bloomberg Businessweek
©2025 Bloomberg L.P.
