Power REIT files $50M mixed securities shelf
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 24 2025
0mins
Source: Business Insider
Power REIT's Securities Filing: Power REIT (PW) has filed a mixed securities shelf registration for $50 million.
Investment Insights: TipRanks offers tools to help investors track top Wall Street analysts and build personalized investment portfolios.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy PW?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on PW
About PW
Power REIT (the Trust) is an internally managed real estate investment trust. The Trust is engaged in the ownership, leasing, acquisition, development, and disposition of special purpose real estate assets. The Trust owns a portfolio of real estate assets related to transportation, energy infrastructure and Controlled Environment Agriculture (CEA) in the United States. It owns its assets through direct and indirect wholly owned and special purpose subsidiaries. The Trust’s assets consist of approximately 112 miles of railroad infrastructure and related real estate which is owned by its subsidiary, Pittsburgh & West Virginia Railroad (P&WV), over 447 acres of fee simple land leased to a number of utility scale solar power generating projects with an aggregate generating capacity of approximately 82 Megawatts (MW) and over 239 acres of land with approximately 2,066,000 square feet of existing or under construction CEA properties in the form of greenhouses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Heritage Global Inc (HGBL) Acquires Debt Exchange Assets, Shares Surge 19.1%
- Significant Stock Surge: Heritage Global Inc's shares rose 19.1% to $1.62 in pre-market trading, reflecting strong market confidence in the company's growth potential following the acquisition announcement.
- Acquisition Details: The company's subsidiary, Heritage DebtX, acquired substantially all assets of The Debt Exchange, which not only strengthens its asset base but also enhances its competitive position in the debt trading market.
- Strong Market Reaction: The acquisition news generated significant investor interest, with Heritage Global's stock performing notably well in pre-market trading, indicating market approval of its strategic direction.
- Future Growth Potential: This acquisition positions Heritage Global to capture a larger market share in debt management and trading, potentially leading to long-term revenue growth and business expansion opportunities.
Continue Reading
Power REIT files $50M mixed securities shelf
Power REIT's Securities Filing: Power REIT (PW) has filed a mixed securities shelf registration for $50 million.
Investment Insights: TipRanks offers tools to help investors track top Wall Street analysts and build personalized investment portfolios.
Continue Reading