In section Market Quotes

Enerflex Shares Jump on Gigawatt Data-Center Power Contract

A surge in demand for power-hungry digital infrastructure has landed Enerflex a massive contract to design and construct over one gigawatt of natural gas-fired generation units. The deal, aimed at supporting a large-scale North American data-center development, pushed the company’s stock up 7.6% to $25.90 in premarket trading.

Enerflex Shares Jump on Gigawatt Data-Center Power Contract

This agreement expands the company’s backlog of behind-the-meter power solutions to 1.75 gigawatts, with project deliveries scheduled to continue through 2028. To manage the influx of orders and anticipated growth in core markets, Enerflex is committing $100 million to expand its engineered-systems business line. Of that total, $15 million is already earmarked for the firm’s 2026 capital expenditure guidance.

Share:on TelegramXFacebook

Subscribe to our newsletter

Once a week — the best stories from our editors, no ads or push notifications. Delivered Sunday morning.

Comments (0)

Leave a comment

No comments yet. Be the first!