Eneti Inc., a shipping company, owns and operates dry bulk carriers worldwide. Its vessels transport a range of bulk commodities, including ores, coal, grains, and fertilizers. As of December 31, 2020, the company owned or finance leased 41 vessels consisting of 13 Kamsarmax vessels and 28 Ultramax vessels, as well as time chartered-in five Kamsarmax vessels. It also focuses on the marine-based renewable energy business, which include investing in the wind turbine installation vessels. The company was formerly known as Scorpio Bulkers Inc. and changed its name to Eneti Inc. in February 2021. Eneti Inc. was incorporated in 2013 and is based in Monaco.
IPO Year: 2013
Exchange: NYSE
Website: eneti-inc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/22/2023 | $14.00 | Buy → Neutral | Citigroup |
| 4/11/2023 | $13.00 | Buy | Pareto |
| 9/13/2022 | $11.00 | Buy | Jefferies |
| 2/11/2022 | $10.00 | Buy | Citigroup |
| 1/21/2022 | $21.00 → $10.00 | Hold → Buy | Jefferies |
| 11/15/2021 | $20.00 → $14.00 | Hold → Buy | Stifel |
| 8/19/2021 | $22.00 → $21.00 | Hold | Jefferies |
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. Shareholders that have previously tendered their shares do not need to take any action in response to the extension of the Share Exchange Offer. If you would like to tender your shares or require assistance, please contact D.F. King & Co., Inc., the information ag
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 Excha
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 Exchan
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 t
MONACO, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) ("Eneti" or the "Company"), today reported its results for the three months ended September 30, 2023. The Company also announced that on November 14, 2023 its board of directors (the "Board of Directors") declared a quarterly cash dividend of $0.01 per share on the Company's common shares. Results for the Three and Nine Months Ended September 30, 2023 and 2022 For the third quarter of 2023, the Company's GAAP net income was $18.3 million, or $0.48 per diluted share, including transaction costs of $0.2 million or $0.01 per diluted share, consisting primarily of legal and tax services related to its pending business combinat
MONACO, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Cadeler A/S (OSE: CADLR) ("Cadeler") and Eneti Inc. (NYSE:NETI) ("Eneti"), two offshore wind turbine and foundation installation companies, announce the commencement of a share exchange offer (the "Offer") for all of the outstanding shares of common stock of Eneti. The Offer is being made pursuant to the Business Combination Agreement, announced on June 16, 2023. The Offer is expected to close within Q4 2023. Cadeler will host a conference call on November 8, 2023 at 9:00 a.m. ET / 3:00 p.m. CET (please see below for webcast details). The combined group will be named Cadeler, and be headquartered in Copenhagen, Denmark, with its shares to be l
MONACO, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the "Company") plans to announce third quarter 2023 financial results in a press release that will be issued before the market opens on Tuesday, November 14, 2023. A conference call to discuss the Company's results will be held at 9:00 AM Eastern Time / 3:00 PM Central European Time on November 14, 2023. Those wishing to listen to the call should dial 1 (877) 513-1694 (U.S.) or 1 (412) 902-4269 (International) at least 15 minutes prior to the start of the call to ensure connection. The information provided on the teleconference is only accurate at the time of the conference call, and the Company will take no responsibility
MONACO, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the "Company") announced today that Seajacks UK Limited, a wholly-owned subsidiary of the Company and a leading provider of installation and maintenance vessels to the offshore wind sector, has signed a contract with an undisclosed client to transport and install turbines. With mobilization commencing in the second quarter of 2027, the contract will be performed by one of the Company's two NG16000X Wind Turbine Installation Vessels currently under construction at Hanwha Ocean in South Korea. Inclusive of mobilization and demobilization, the engagement is expected to be between 180 and 210 days and generate approximately USD
MONACO, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the "Company") announced today that Seajacks UK Limited, a wholly-owned subsidiary of the Company and a leading provider of installation and maintenance vessels to the offshore wind sector, has signed a contract with an undisclosed client to assist with the installation of wind turbines. With mobilization commencing in 2024, the contract will be performed by the Company's NG14000X-class vessel, "Seajacks Scylla". Inclusive of mobilization and demobilization, the engagement is expected to be between 442 and 655 days and generate approximately USD 113 million to USD 167 million of gross revenue. There are no material project
MONACO, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the "Company") announced today that Seajacks UK Limited, a wholly-owned subsidiary of the Company and a leading provider of installation and maintenance vessels to the offshore wind sector, has signed a vessel reservation agreement with an undisclosed client to transport and install turbines. With mobilization commencing in the first quarter of 2027, the contract will be performed by one of the Company's two NG16000X Wind Turbine Installation Vessels currently under construction at Hanwa Ocean in South Korea. Inclusive of mobilization and demobilization, the engagement is expected to be between 210 and 245 days and gener
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