As New York-listed wind-market player Eneti struggles to keep its shares above the $9 price achieved in a $175m equity raise, nobody can blame company president Robert Bugbee for not doing his part for the team.
Bugbee has spent about $395,000 of his own funds to buy shares in three separate batches, at prices from $8.64 to $8.95.
Eneti recently staged what it has called "a re-IPO of the business" through a shares sale that will bankroll its declaration of an option for a second wind turbine installation vessel (WTIV) at Daewoo Shipbuilding & Marine Engineering in South Korea, and a Jones Act-compliant WTIV at Keppel AmFELS in Brownsville, Texas.
