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Southwest Gas ( (SWX) ) has provided an announcement.
Southwest Gas Holdings, Inc. announced the completion of an underwritten offering on June 18, 2025, where it sold 11,212,500 shares of Centuri Holdings, Inc. common stock, generating net proceeds of approximately $225 million. The company plans to use these proceeds to repay outstanding debt, while maintaining a majority stake in Centuri. Additionally, a concurrent private placement with Icahn Partners LP is expected to raise approximately $22 million, contingent upon regulatory approval.
The most recent analyst rating on (SWX) stock is a Hold with a $76.00 price target. To see the full list of analyst forecasts on Southwest Gas stock, see the SWX Stock Forecast page.
Spark’s Take on SWX Stock
According to Spark, TipRanks’ AI Analyst, SWX is a Neutral.
Southwest Gas’s overall score reflects its operational efficiency and strategic growth plans, tempered by high leverage and valuation concerns. Positive developments in regulatory outcomes and expansion projects support future growth potential.
To see Spark’s full report on SWX stock, click here.
More about Southwest Gas
Average Trading Volume: 451,801
Technical Sentiment Signal: Strong Buy
Current Market Cap: $5.2B
Learn more about SWX stock on TipRanks’ Stock Analysis page.