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CAPSTONE GREEN ENERGY CORPORATION

(CGRN)
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Capstone Green Energy Shares Drop 22% After Upsized Public Offering

06/18/2021 | 11:27am EDT

By Chris Wack

Capstone Green Energy Corp. shares were down 22% to $5.74 after the company said it would increase the size of its previously announced public offering.

The company said the underwriter has agreed to purchase 1.9 million common shares at $5.25 a share, up from 952,000 shares.

The closing of the offering is expected on or about June 22.

The company has also granted to the underwriter a 30-day option to purchase up to an additional 286,000 shares at the public offering price.

The proceeds of the offering are expected to be $10 million. Capstone intends to use the proceeds from the offering for working capital, general corporate purposes and growth initiatives, including organic growth and potential future acquisitions.

The stock hit its 52-week high of $15.28 on Jan. 7.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

06-18-21 1327ET

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Financials (USD)
Sales 2022 82,0 M - -
Net income 2022 -6,48 M - -
Net Debt 2022 - - -
P/E ratio 2022 -8,99x
Yield 2022 -
Capitalization 70,3 M 70,3 M -
Capi. / Sales 2022 0,86x
Capi. / Sales 2023 0,70x
Nbr of Employees 123
Free-Float 97,1%
Chart CAPSTONE GREEN ENERGY CORPORATION
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Technical analysis trends CAPSTONE GREEN ENERGY CORPORATION
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TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Last Close Price 4,65 $
Average target price 15,25 $
Spread / Average Target 228%
EPS Revisions
Managers and Directors
Darren R. Jamison President, Chief Executive Officer & Director
Frederick S. Hencken Chief Financial Officer
Robert C. Flexon Chairman
Don Ayers Vice President-Technology
Kirk C. Petty Senior Vice President-Operations
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