The latest update is out from Borr Drilling ( (BORR) ).
On April 11, 2025, Borr Drilling Limited filed a prospectus supplement with the U.S. Securities and Exchange Commission for the resale of up to 62,888,215 of its common stock. This filing, accompanied by a legal opinion from Conyers Dill & Pearman LLP, is part of the company’s strategy to facilitate the selling shareholders’ ability to sell shares at market-determined prices, potentially impacting the company’s stock liquidity and market presence.
Spark’s Take on BORR Stock
According to Spark, TipRanks’ AI Analyst, BORR is a Neutral.
Borr Drilling’s stock score reflects strong revenue growth and profitability improvements, offset by high leverage and cash flow issues. Despite undervaluation and high dividend yield, technical indicators suggest caution. Earnings call insights show operational strength but highlight market and financial challenges.
To see Spark’s full report on BORR stock, click here.
More about Borr Drilling
Borr Drilling Limited is a company incorporated in Bermuda, operating in the offshore drilling industry. The company focuses on providing drilling services using its fleet of jack-up rigs, targeting oil and gas exploration and production companies.
YTD Price Performance: -49.35%
Average Trading Volume: 6,157,642
Technical Sentiment Signal: Strong Buy
Current Market Cap: $538.8M
For detailed information about BORR stock, go to TipRanks’ Stock Analysis page.