Eneti Inc Stock Price, News & Analysis

Eneti Inc. (NYSE:NETI) announced that President Robert Bugbee purchased call options for 100,000 shares, totaling approximately $167,000. The options have a strike price of $5.00 and expire in August 2022. This move indicates a positive outlook for the company's stock performance. Eneti is focused on the offshore wind and marine renewable energy sector, investing in advanced wind turbine installation vessels. For more information, visit www.eneti-inc.com.

Eneti Inc. (NYSE:NETI) announced that President Robert Bugbee purchased 100,000 call options on the company’s shares for approximately $167,000. The options have a strike price of $5.00 and expire in August 2022. This move indicates confidence in the company's stock performance potential. Eneti is focused on offshore wind and renewable energy, investing in advanced wind turbine installation vessels. Further details about the company can be found on their website.

Eneti Inc. (NYSE:NETI) announced that President Robert Bugbee purchased call options for 115,000 common shares, totaling approximately $172,000. The options have a strike price of $5.00 and expire in August 2022. Eneti focuses on the offshore wind and marine renewable energy sector, with investments in advanced wind turbine installation vessels. The company aims to enhance its position in the industry amid evolving demands.

Eneti Inc. (NYSE:NETI) has announced significant share purchases by company President Robert Bugbee and Scorpio Holdings Limited. Bugbee acquired 120,000 shares at an average price of $5.27 each, while SHL purchased 450,000 shares at $5.22, increasing its ownership to 18.7% of the company. Eneti focuses on offshore wind and marine renewable energy, with 39,741,204 shares currently outstanding. The press release also highlights various operational risks and uncertainties that may impact future performance, reflecting a cautious outlook.

Eneti Inc. (NYSE: NETI) reported mixed financial results for Q4 2021, with a GAAP net loss of $28.3 million, or $1.00 per diluted share, compared to a substantial loss of $465.6 million in Q4 2020. Total revenues decreased to $16.5 million from $50.1 million year-over-year. For 2021, Eneti posted a net income of $26.1 million, driven by a gain on the acquisition of Seajacks. The Board declared a quarterly cash dividend of $0.01 per share. The company has significant contracts lined up for 2022, expected to generate $16.4 million in revenue and is expanding its fleet with new construction contracts worth approximately $654.8 million.

Seajacks UK Limited, a subsidiary of Eneti, has opened an operational base in Virginia Beach, Virginia, to bolster its efforts in the offshore wind sector. This aligns with their partnership with Blue Ocean Energy Marine for the construction of the first Jones Act compliant offshore wind turbine installation vessel, Charybdis. CEO Blair Ainslie highlighted Virginia's growing role in the U.S. offshore wind industry, while Virginia Beach's Deputy City Manager praised Seajacks' expertise as vital for the Coastal Virginia Offshore Wind Project.

Eneti Inc. (NETI) will announce its fourth quarter 2021 financial results via press release on February 23, 2022, before market opening. A conference call will follow at 9:00 AM EST to discuss the results, with dial-in options for U.S. and international participants. A live webcast will also be available on the company’s website. Eneti focuses on offshore wind and marine renewable energy, investing in advanced wind turbine installation vessels. The company emphasizes the uncertainty of forward-looking statements and potential risks affecting performance.

Eneti Inc. (NYSE:NETI) announced a five-year credit facility totaling $175 million, receiving commitments from major financial institutions. The facility, which was over-subscribed, offers interest rates between 3.05%-3.15% and can be partially drawn in Euros. The closing is anticipated in Q2 2022. Additionally, the company repaid $105.3 million in debt, including $87.65 million of subordinated debt. Eneti continues to focus on offshore wind and renewable energy, investing in next-generation wind turbine installation vessels.

Eneti Inc. (NYSE:NETI) announced a new contract for Seajacks UK Limited, its wholly-owned subsidiary, to provide installation services with one of its NG2500-class vessels in NW Europe. The contract spans 87 to 113 days and is expected to generate revenue between $4.8 million and $6.2 million in 2022. Eneti focuses on offshore wind and marine renewable energy, investing in advanced wind turbine installation vessels.