- Enerflex (NYSE: EFXT) secured a significant contract to build approximately 450 megawatts of natural gas-fired power generation units for a North American data center developer.
- The company’s 2026 capital spending guidance includes approximately $15 million for Engineered Systems and electric power generation, alongside $85 million in additional investments.
- Shares of Enerflex climbed after the contract announcement, with the stock trading at $24.69, reflecting a daily range of $24.64 to $25.42.
Enerflex (NYSE: EFXT) designs and builds energy equipment, including natural gas systems. CIBC maintains a Neutral rating on Enerflex and reiterates a hold action. The stock trades at $24.76 when the update is posted.
The rating comes as Enerflex announces a contract to build approximately 450 megawatts of natural gas-fired power generation units for a North American data center developer, as highlighted by Benzinga. These units provide power at the customer’s site. Deliveries are expected to start in 2027 and finish in 2028. Enerflex does not disclose the contract’s value.
Enerflex says its 2026 capital spending guidance includes approximately $15 million for property, equipment, and infrastructure to support its Engineered Systems business and electric power generation work. Capital spending is money used to buy or improve assets that support operations. The company also authorizes approximately $85 million in additional investments, but does not specify their purpose in the provided report.
Shares climb Thursday after the contract announcement, as highlighted by Benzinga. A separate price snapshot puts Enerflex at $24.69, down $0.76, or 2.97%, with 308,285 shares traded. The stock’s range for the day is $24.64 to $25.42, while its past-year range is $10.57 to $29.15.
