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Ameren dips after $520 million stock offering announced

ReutersMay 12, 2025 8:30 PM

Shares of utility co Ameren Corp AEE.N down 0.9% at $94.55 post-market after stock offering news

St. Louis, Missouri-based Ameren announces $520 mln stock offering as part of forward sale

Co plans to enter into forward sale agreements with jt bookrunners Goldman Sachs, JP Morgan, Barclays and Wells Fargo

Upon settlement settlement of the agreements, to occur on or prior to Jan 15, 2027, co intends to use net proceeds for general purposes, including to repay short-term debt

With ~270.3 mln shares outstanding, Ameren has $25.8 bln market cap

AEE closed down 2% at $95.42 on Mon, trimming YTD gain to ~7%. In comparison, S&P 500 Utilities index .SPLRCU up 5% in 2025

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