Centuri Holdings Announces Underwritten Offering to Raise Funds

Tip Ranks
2025.11.14 11:31
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Centuri Holdings, Inc. announced an underwritten offering to sell 7,441,860 shares at $21.50 per share, closing on November 14, 2025, to raise funds for corporate purposes. Concurrently, a private placement with Icahn Partners LP will sell $75 million of common stock. The latest analyst rating is a Buy with a $25.00 price target, though TipRanks’ AI Analyst rates it Neutral due to financial challenges. The company aims to improve its capital structure and market position.

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Centuri Holdings, Inc. ( (CTRI) ) has shared an announcement.

Centuri Holdings, Inc. announced an underwritten offering on November 12, 2025, involving the sale of 7,441,860 shares of its common stock at $21.50 per share, with an option for underwriters to purchase additional shares. The offering is expected to close on November 14, 2025, and aims to raise funds for general corporate purposes, including acquisitions and debt repayment. Concurrently, the company entered a private placement agreement with Icahn Partners LP and Icahn Partners Master Fund LP on November 11, 2025, to sell approximately $75 million of common stock, with the transaction expected to close immediately after the offering. This strategic financial maneuver is designed to bolster Centuri Holdings’ capital structure and enhance its market position.

The most recent analyst rating on (CTRI) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on Centuri Holdings, Inc. stock, see the CTRI Stock Forecast page.

Spark’s Take on CTRI Stock

According to Spark, TipRanks’ AI Analyst, CTRI is a Neutral.

Centuri Holdings, Inc. faces significant financial challenges, reflected in its low financial performance score. The technical analysis and valuation also present concerns, with mixed signals and a negative P/E ratio. However, the earnings call provided some optimism with record revenue and strategic growth initiatives. Overall, the stock score reflects the need for financial improvement and cautious optimism based on future growth potential.

To see Spark’s full report on CTRI stock, click here.

More about Centuri Holdings, Inc.

Average Trading Volume: 2,219,091

Technical Sentiment Signal: Strong Buy

Current Market Cap: $1.96B

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