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Southwest Gas ( (SWX) ) has shared an update.
On August 11, 2025, Southwest Gas Holdings, Inc. completed an underwritten offering of 17,250,000 shares of Centuri Holdings, Inc. common stock, generating approximately $325 million in net proceeds. The company plans to use these funds for debt repayment and general corporate purposes. Concurrently, Southwest Gas also closed a private placement with Icahn Investors, selling 1,573,500 shares for approximately $31 million. As a result of these transactions, Southwest Gas no longer holds a controlling interest in Centuri and will deconsolidate its financial statements, reflecting Centuri’s results as discontinued operations.
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 stock score is driven by strong earnings call highlights and positive corporate events, offset by challenges in financial performance and a lack of technical analysis data. The company’s valuation suggests it is relatively expensive, which impacts its attractiveness.
To see Spark’s full report on SWX stock, click here.
More about Southwest Gas
Average Trading Volume: 468,111
Technical Sentiment Signal: Buy
Current Market Cap: $5.69B
Find detailed analytics on SWX stock on TipRanks’ Stock Analysis page.