Friday afternoon $AAOI announced a $600M ATM offering... doing this on a Friday at 5pm is definitely frowned upon however if you listened to the $AAOI fireside chat from the Rosenblatt conference last week... this offering should not be a surprise. Personally I don't think $AAOI should be down ~12% today on ~6% dilution because this cap raise is clearly going to capex which will expand their capacity in Texas to support and possibly surpass their 2027/2028 targets. Here is some of the Q&A commentary from the fireside chat... Analyst asks if they're still targeting $471M per month by mid 2027... "Yeah. That's our current expectation. Based on our discussions with customers, the demand is not the limiting factor. We could actually do more revenue than that if we had more capacity at that
View on X ↗