Solar-power components maker Shoals Technologies Group Inc. climbed 24% in its trading debut after its initial public offering topped expectations to raise $1.9 billion. Shares of the Portland, Tennessee-based company opened at $31.30 Wednesday after selling for $25 each in the IPO. The shares, which rose as much as 40% during the day, closed at […]
Oaktree-Backed Array Jumps in Debut After $1.05 Billion IPO
Array Technologies Inc. rose 66% in its trading debut after its expanded initial public offering raised $1.05 billion for the solar company and its largest shareholder. Shares of the company, a provider of solar-tracking solutions for utility-scale projects, closed at $36.45 Thursday in New York trading. Array Technologies has a market value of about […]
