NETI
Eneti Inc.NETI
NETI
Delisted
NETI was delisted on the 28th of December, 2023.
About: Eneti Inc is a shipping company. It owns and operates a fleet of modern mid to large-size dry bulk carriers which provide marine transportation for major bulks. The Company is organized into one operating segment, marine energy, through which the Company manages the Company's business, assesses performance and allocates resources.
Employees: 286
Financial journalist opinion
Neutral
GlobeNewsWire
1 year ago
Eneti Inc. and Cadeler A/S Share Exhange Offer Expiration Date is December 14, 2023
MONACO, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (“Eneti”) and Cadeler A/S (OSE: CADLR) (“Cadeler”), two offshore wind turbine and foundation installation companies, remind shareholders that the expiration date for the share exchange offer (the “Share Exchange Offer”) to acquire all of the issued and outstanding shares of the common stock of Eneti has been extended to 5:30 p.m. Eastern Time on December 14, 2023.
Neutral
GlobeNewsWire
1 year ago
Cadeler A/S and Eneti Inc. Announce Extension of Share Exchange Offer for all Outstanding Shares of Common Stock of Eneti Inc. to December 14, 2023 & New Loan Facility
MONACO, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Cadeler A/S (OSE: CADLR) (“Cadeler”) and Eneti Inc. (NYSE: NETI) (“Eneti”), two offshore wind turbine and foundation installation companies, announced the extension of the expiration date for the share exchange offer (the “Share Exchange Offer”) to acquire all of the issued and outstanding shares of the common stock of Eneti Inc. (NYSE: NETI) (“Eneti”) to 5:30 p.m. Eastern Time on December 14, 2023. In addition, Cadeler has determined pursuant to the terms of the Share Exchange Offer as set forth in the Prospectus/Offer to Exchange, dated November 7, 2023 (the “Prospectus/Offer to Exchange”) to reduce the minimum tender condition for the Share Exchange Offer from 85.01% to 70%.
Neutral
GlobeNewsWire
1 year ago
Cadeler A/S and Eneti Inc. Announce Extension of the Share Exchange Offer for All Outstanding Shares of Common Stock of Eneti Inc. to December 14, 2023 and New Loan Facility
MONACO, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Cadeler A/S (OSE: CADLR) (“Cadeler”) and Eneti Inc. (NYSE: NETI) (“Eneti”), two offshore wind turbine and foundation installation companies, announced the extension of the expiration date for the share exchange offer (the “Share Exchange Offer”) to acquire all of the issued and outstanding shares of the common stock of Eneti Inc. (NYSE: NETI) (“Eneti”) to 5:30 p.m. Eastern Time on December 14, 2023. In addition, Cadeler has determined pursuant to the terms of the Share Exchange Offer as set forth in the Prospectus/Offer to Exchange, dated November 7, 2023 (the “Prospectus/Offer to Exchange”) to reduce the minimum tender condition for the Share Exchange Offer from 85.01% to 70%.
Positive
Zacks Investment Research
1 year ago
Wall Street Analysts See a 41.01% Upside in Eneti (NETI): Can the Stock Really Move This High?
The consensus price target hints at a 41% upside potential for Eneti (NETI). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Neutral
GlobeNewsWire
1 year ago
Eneti Inc. Announces Closing of a $436.0 Million Credit Facility and Sale of Two NG2500X Vessels
MONACO, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (“Eneti” or the “Company”) announced today that the Company executed a previously announced senior secured green term loan facility of up to $436.0 million (the “Credit Facility”) with a group of international banks and export credit agencies co-arranged and co-underwritten by Credit Agricole Corporate and Investment Bank and Société Générale, and with Société Générale as Green Loan Coordinator. The Credit Facility finances approximately 65% of the purchase cost of the Company's two newbuild wind turbine installation vessels (each a “WTIV”), and it includes a commercial tranche of up to $130.8 million, a direct tranche from the Export-Import Bank of Korea (KEXIM) of up to $115.0 million, a guaranteed tranche from Eksportfinansiering Norge (Eksfin) of up to $45.0 million and a covered tranche from Korea Trade Insurance Corporation (K-SURE) of up to $145.2 million. The lenders to the commercial tranche, Eksfin guaranteed tranche and K-SURE covered tranche are Credit Agricole Corporate and Investment Bank, Crédit Industriel et Commercial, New York Branch, KfW IPEX-Bank GmbH, Société Générale and The Korea Development Bank.
Positive
Zacks Investment Research
1 year ago
Time to Buy These Highly Ranked Transportation Stocks This Earnings Season
The Zacks Transportation-Shipping Industry has been a highlight of this earnings season as many of the companies in the space have posted strong quarterly results.
Positive
Zacks Investment Research
1 year ago
These Small-Cap Stocks are a Highlight of This Week's Earnings Lineup
This week's earnings lineup has been highlighted by quite a few small-cap stocks that have strengthening prospects after posting impressive quarterly results on Tuesday.
Positive
Zacks Investment Research
1 year ago
Wall Street Analysts Think Eneti (NETI) Could Surge 53.61%: Read This Before Placing a Bet
The average of price targets set by Wall Street analysts indicates a potential upside of 53.6% in Eneti (NETI). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Positive
Zacks Investment Research
1 year ago
New Strong Buy Stocks for November 15th
PBF, NETI, RWEOY, RITM and LEGH have been added to the Zacks Rank #1 (Strong Buy) List on November 15, 2023.
Neutral
Seeking Alpha
1 year ago
Eneti, Inc. (NETI) Q3 2023 Earnings Call Transcript
Eneti, Inc. (NYSE:NETI ) Q3 2023 Earnings Conference Call November 14, 2023 9:00 AM ET Company Participants James Doyle - Head, Corporate Development & IR Emanuele Lauro - Co-Founder, Chairman & CEO Sebastian Brooke - Director, Business Development, Seajacks International Limited Conference Call Participants Gregory Lewis - BTIG Benjamin Nolan - Stifel, Nicolaus & Company Liam Burke - B. Riley Securities Adam Forsyth - Longspur Clean Energy Operator Good morning, and welcome to the Eneti Inc. Third Quarter 2023 Conference Call.
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