Enerflex Shares Rise After Contract for Power-Generation Units for Data-Center Development

Dow Jones10-13 20:18

Shares of Canada's Enerflex climbed premarket after the company was contracted to design, engineer and build over one gigawatt of low-emission behind-the-meter natural gas-fired power-generation units for a large-scale North American data-center development.

Shares in New York were up 7.6% to $25.90 in premarket trading.

The deal, combined with additional project work, boosts Enerflex's backlog of behind-the-meter natural gas-fired power generation to 1.75 gigawatts with deliveries that will run through 2028, the companys said.

To meet a backlog of orders and expected growth in core markets, the company is investing in expanding its engineeered-systems business line. It has given the go-ahead to invest about $100 million, $15 million of which has been included in its spending guidance for 2026.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment