On July 22, FTAI AVIATION LTD rose 8.1% in regular trading, trading at $222.0/share, with turnover of $97.71 million.
On the news front, the company announced a $1.465 billion gas turbine generator set order through J&F Power Systems. The initial Mod-1 CFM56 aeroderivative unit orders represent a substantial portion of targeted 2027 deliveries, marking a critical milestone in the scale-up of its FTAI Power business.
The order lands ahead of the company's Q2 earnings release scheduled for July 29, with market consensus expecting EPS of $1.52, up from $1.29 in Q1. Last quarter, revenue reached $831 million, representing 65.45% year-over-year growth. Additionally, the company recently entered a strategic partnership with AEI to launch integrated Boeing 737-800 passenger-to-freighter solutions, combining engine maintenance and airframe conversion capabilities. RBC previously raised its price target on the stock to $350 from $270, maintaining an Outperform rating.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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