Bullish Stocks That Have Surged To New 52 Week High: $HRMY $NFE $IESC

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Harmony Biosciences Announces Pricing Of $147.6 Million Initial Public Offering

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Harmony Biosciences Holdings Inc. (NASDAQ:HRMY) hit a new 52-week high of $41.28. The company has announced the closing of an upsized IPO of 6.151 million shares of its common stock that includes 802,325 shares sold as per the exercising in full of underwriters to buy additional shares at $24 per share. Gross proceeds of the offering before deduction of commissions and discounts and other expenses are estimated at around $147.6 million.

Initially, the company had priced 5.349 million common shares at $24 per share including the underwriters' option to buy 802,325 shares for estimated gross proceeds of $128.4 million.

New Fortress Energy Announces Pricing Of $1 Billion Private Offering

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New Fortress Energy Inc. (NASDAQ:NFE) is also another bullish looking stock that has hit a new 52-week high of $31.89. The company has announced the pricing of the previously announced private offering of $1 billion that was upsized from $800 million of Senior secured notes due 2025. The senior secured notes will carry an interest of 6.75 per year and the company will issue them at a price equal of 100% of the principal amount plus interest.

In the wake of the COVID-19 pandemic that has affected the reopening of schools, the company has donated laptops and tablets to around 300 students in Jamaica in high school and tertiary levels. This has increased the company's support to J$18 million this year from J$10 in 2019.

IES Holdings Posts Revenue Of $293 Million In Fiscal Q3 2020.

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Another stock that has surged to hit its new 52week high of $31.54 is IES Holdings Inc. (NASDAQ:IESC). The company has announced its fiscal Q3 2020 results in which revenue was up 4% YoY to $293 million compared to $283 million in Q3 2019. Net income attributable to the company was $12.3 million or $0.58 per share compared to $11 million or $0.52 per share. Adjusted net income attributable to the company was up 38% to 12.8 million or $0.16 per share compared to $9.3 or $044 per diluted share.

For the nine months of 2020, the company's revenue was $$860 million which 10% increase from $783 million in the same period a year ago. Net income was $27 million and adjusted net income increased 24% to $32.1 million or $1.52 per diluted share.

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