NYSE:KGSEnergy Services
Kodiak Gas Services (KGS): Is the Stock Undervalued After Its $344 Million Equity Raise?
Kodiak Gas Services (NYSE:KGS) just wrapped up a follow-on equity offering, raising $344 million through the sale of 10 million shares. If you’re watching the energy equipment space, this kind of capital raise is always worth a closer look. Such events can signal big plans ahead; the fresh cash might support expansion, pay down debt, or unlock strategic options. Of course, issuing new shares also means more supply in the market, which can pressure prices in the short term. So, the main...