Spark Energy, Inc. Buyback
OLI recorded this information on 8/18/2020
Company:
Spark Energy, Inc.
Buyback:
SPKE buyback
$Amount Authorized:
$20,000,000
Buyback Details:
Spark Energy, Inc. ("Spark" or the "Company") (NASDAQ:SPKE), an independent retail energy services company, announced today that its Board of Directors has authorized a share buyback program of up to $20 million of Spark's Class A common stock, par value $0.01 per share (the "Class A common stock") through August 18, 2021. The Company intends to fund the program through available cash balances and borrowings under its Senior Credit Facility, as well as future operating cash flows.
Spark Energy is a holding company. Through its subsidiaries, Co. is an independent retail energy services company. Co.'s business consists of two segments: Retail Electricity, in which it purchases electricity supply through physical and financial transactions with market counterparties and independent system operators and supplies electricity to residential and commercial consumers pursuant to fixed-price and variable-price contracts; and Retail Natural Gas, in which it purchases natural gas supply through physical and financial transactions with market counterparties and supplies natural gas to residential and commercial consumers pursuant to fixed-price and variable-price contracts.
Preferred: VIASP
Open the SPKE Page at The Online Investor »
|
||||||||||||
Open the SPKE Page at The Online Investor (in a new window) »
 Free SPKE Email Alerts:
Get SEC Filing Alerts Get Dividend Alerts 
|
Avg. Broker Rec.
 
|
Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
