Borr Drilling Limited (BORR) saw its share price drop by 13.69% from December 10 to December 17, 2025, making it one of the Energy Stocks that Lost the Most This Week. The company announced an equity offering of 21 million shares priced at $4 per share to raise $84 million. The funds will be used to acquire five jackup rigs from Noble Corporation plc for $360 million, with the deal expected to close in Q1 2026, expanding Borr’s fleet to 29 rigs. CEO Bruno Morand believes this acquisition will enhance the company’s platform and create long-term value for shareholders.

Read more at Yahoo Finance: Borr Drilling (BORR) Fell This Week. Here is Why