Scorpio Group-backed wind power player Eneti continued to gain ground with investors on Thursday after buying back 5.9% of its outstanding shares on Tuesday.
The $17m splash for roughly 2.3m shares announced on Tuesday sent the stock up more than 15% during the day, followed by a further 4% gain in morning trading on Wednesday.
Eneti’s buy took out the remaining position of Innovation Network Corp of Japan (INCJ), a state-backed Japanese fund that had been paid in shares when Eneti acquired the operations of wind-power company Seajacks in 2021.
