NYSE:WTTREnergy Services
A Look At Select Water Solutions (WTTR) Valuation After Its Discounted Equity Offering
Why the new equity raise matters for Select Water Solutions
Select Water Solutions (WTTR) recently launched and priced an underwritten public offering of about 13.7 million Class A shares at US$12.75, a discount to the prior close, with proceeds earmarked for broad corporate uses.
The stock reacted quickly, with shares dropping more than 8% after the below-market pricing was announced, as investors weighed immediate dilution against the company’s plans for water infrastructure projects,...