Capstone Green Energy to launch stock offering

Aug. 18, 2022 4:12 PM ETCapstone Green Energy Corporation (CGRN)By: Carl Surran, SA News Editor

Environmental technology concept. Sustainable development goals. SDGs.

metamorworks/iStock via Getty Images

Capstone Green Energy (NASDAQ:CGRN) -27.4% post-market on Thursday after saying it has launched an underwritten public offering of common shares and warrants to purchase common shares, subject to market and other conditions; offering details are not disclosed.

The company said it plans to use the proceeds for working capital, general corporate purposes and growth initiatives, including to expand its Energy as a Service long-term rental fleet.

Capstone Green Energy (CGRN) recently reported a smaller than expected Q2 loss of $0.13/share on revenues of $18.7M.

Recommended For You

Comments

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.