Penguin Solutions Approves Redomiciling to United States

An announcement from Penguin Solutions ( (PENG) ) is now available.

Penguin Solutions, Inc. held a Scheme Meeting on June 16, 2025, to vote on a Scheme of Arrangement for redomiciling the company from the Cayman Islands to the United States. The proposal was approved by 92.25% of the shares voted, surpassing the required 75% threshold, with 73.35% of outstanding shares participating.

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

Spark’s Take on PENG Stock

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

Penguin Solutions’ overall score is driven by strong revenue and earnings growth, particularly in key segments, and a positive strategic outlook. However, profitability issues and valuation concerns weigh down the score. Technical analysis suggests mixed market sentiment, further cautioning investors.

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

More about Penguin Solutions

Average Trading Volume: 760,326

Technical Sentiment Signal: Buy

Current Market Cap: $1.02B

For a thorough assessment of PENG stock, go to TipRanks’ Stock Analysis page.