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An announcement from Penguin Solutions ( (PENG) ) is now available.
On June 24, 2025, Penguin Solutions, Inc. completed a refinancing of its credit facilities by establishing a $400 million revolving credit facility, which includes a $35 million letter of credit subfacility. This move, led by JPMorgan Chase Bank and other financial institutions, replaces the existing credit facilities and reduces the company’s funded debt by $200 million. The new credit facility, maturing in 2030, aims to reduce leverage, extend debt maturity, and offer financial flexibility, ultimately decreasing debt service costs.
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 Outperform.
Penguin Solutions shows strong revenue growth and strategic advancements, particularly in the Advanced Computing segment. However, profitability concerns and a high-risk valuation are significant challenges. Technical indicators suggest positive momentum, while corporate events and earnings call insights provide a positive outlook, supporting a moderately high score.
To see Spark’s full report on PENG stock, click here.
More about Penguin Solutions
Penguin Solutions operates in the advanced computing, integrated memory, and optimized LED sectors, providing expertise to help customers overcome complex technological challenges.
Average Trading Volume: 789,479
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.08B
For a thorough assessment of PENG stock, go to TipRanks’ Stock Analysis page.