Navitas stock soars as company advances 800V tech for NVIDIA AI platforms
Tontine Capital Overseas Master Fund II, L.P. sold 6,811 shares of IES Holdings, Inc. (NASDAQ:IESC) common stock on September 15, 2025, at a price of $380.74 per share, totaling $2,593,220. The sale occurred near the stock’s 52-week high of $388.70, amid a remarkable 117.86% surge over the past year. According to InvestingPro analysis, the company currently shows GREAT financial health with multiple positive indicators.
Following the transaction, the entities, including Jeffrey L. Gendell, Tontine Capital Partners, L.P., Tontine Capital Management, L.L.C., Tontine Management, L.L.C., Tontine Capital Overseas Master Fund II, L.P., Tontine Asset Associates, L.L.C., Tontine Associates, L.L.C., and Tontine Capital Overseas GP, L.L.C., collectively own 10,769,717 shares of IES Holdings, Inc. (NASDAQ:IESC). The company, with a market capitalization of $7.16 billion, maintains strong fundamentals with a healthy current ratio of 1.85 and minimal debt. InvestingPro subscribers can access 12 additional key insights about IES Holdings’ financial position.
Jeffrey L. Gendell is the Executive Chairman and a ten percent owner of IES Holdings, Inc. (NASDAQ:IESC). The company’s stock currently trades near analyst target prices of $421, with consensus recommendations pointing to strong potential.
In other recent news, IES Holdings, Inc. reported impressive third-quarter fiscal 2025 results, surpassing analysts’ expectations. The company achieved a 16% increase in revenue, reaching $890 million, up from $768 million in the same period last year. Additionally, IES Holdings posted adjusted earnings per share of $3.95 for the quarter ending June 30, 2025. Operating income saw a significant rise of 24%, totaling $111.9 million, and net income attributable to the company also grew by 24% to $77.2 million. These results reflect strong demand in the data center sector, which has positively impacted the company’s financial performance. The recent developments underscore the company’s robust growth trajectory and financial health. Investors and analysts alike are closely monitoring these results as they evaluate the company’s future prospects.
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