Spire Announces Public Offering of up to $112M in Common Stock
June 14, 2023
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Spire Inc ($NYSE:SR)., a publicly traded energy infrastructure company, has recently announced a public offering of up to $112 million in common stock. The company operates as a natural gas infrastructure provider and is focused on the development and operation of clean energy infrastructure solutions. The offering provides potential investors an opportunity to invest in a company with a strong history of success and a bright future ahead. Spire Inc. has a long-standing reputation as a reliable provider of energy solutions and has been able to maintain its position in the industry through consistent effort and excellence.
The company’s commitment to creating innovative and reliable energy solutions has enabled it to remain a leader in the industry, and this public offering provides a great opportunity for investors to benefit from these efforts. Investors are encouraged to carefully read the prospectus before making any investment decisions, as well as contact their financial advisors for advice.
Price History
Following the announcement, SPIRE INC stock opened at $65.4 and closed at $66.1, a slight increase of 0.7% from prior closing price of 65.7. The proceeds from the offering are expected to be used for general corporate purposes and potential acquisitions. The shares are expected to be listed on the Nasdaq Global Market and will begin trading on Wednesday. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Spire Inc. More…
| Total Revenues | Net Income | Net Margin |
| 2.7k | 246.4 | 9.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Spire Inc. More…
| Operations | Investing | Financing |
| 79.8 | -614.2 | 540.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Spire Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 10.05k | 7.04k | 54.51 |
Key Ratios Snapshot
Some of the financial key ratios for Spire Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.9% | 16.7% | 17.7% |
| FCF Margin | ROE | ROA |
| -18.7% | 10.2% | 3.0% |
Analysis
As GoodWhale, we conducted an analysis of SPIRE INC‘s financials and according to Star Chart, the company is classified as ‘gorilla’, indicating that it achieved stable and high revenue or earning growth due to its strong competitive advantage. This makes SPIRE INC a lucrative prospect for investors interested in dividend, growth, and profitability, as the company is strong in these areas. Additionally, the company has a medium score when it comes to assets, making it a potentially attractive option for investors looking for a balanced portfolio. Finally, we concluded that SPIRE INC has an intermediate health score of 4/10 considering its cashflows and debt, meaning that the company might be able to safely ride out any crisis without the risk of bankruptcy. More…
Peers
It is the largest natural gas distribution company in Missouri. Saibu Gas Holdings Co Ltd, Shizuoka Gas Co Ltd, and Amber Grid AB are its competitors.
– Saibu Gas Holdings Co Ltd ($TSE:9536)
Saibu Gas Holdings Co Ltd is a Japanese company that is engaged in the provision of natural gas and heat supply services. The company has a market capitalization of 62.02 billion as of 2022 and a return on equity of 2.31%. The company operates in the Tokyo metropolitan area and provides natural gas and heat supply services to approximately 1.4 million customers.
– Shizuoka Gas Co Ltd ($TSE:9543)
Shizuoka Gas Co Ltd is a Japanese company that provides gas and electricity to residential and commercial customers in Shizuoka Prefecture. As of March 2021, the company had a market capitalization of ¥8 trillion and a return on equity of 6.15%. The company was founded in 1951 and is headquartered in Shizuoka, Japan.
– Amber Grid AB ($LTS:0QGQ)
Amber Grid AB is a world leader in energy storage solutions. The company has a market cap of 217.63M as of 2022 and a return on equity of 7.09%. Amber Grid is headquartered in Sweden and has a strong international presence. The company’s products are used in a variety of applications, including residential, commercial, and industrial settings. Amber Grid’s products are known for their quality, reliability, and efficiency.
Summary
Spire Inc has announced a common stock offering of up to $112M. Investors should conduct their own research and analysis before investing in the company. Analyzing the financials of the company is important to assess the company’s performance and potential future growth. This includes considering the balance sheet, profit and loss statement, and cash flow statement.
Additionally, investors should consider the company’s competitive advantages, competitive landscape, and management team before making an investment decision. Finally, investors should consider the current market conditions and any potential macroeconomic or political issues that could affect the performance of the company.
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