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Keel Infrastructure/$KEEL

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About Keel Infrastructure

Keel Infrastructure Corp is a North American digital infrastructure and energy company that develops and owns data centers and energy infrastructure for high-performance computing workloads, including AI. The group has a pipeline of 2.2 gigawatts and established grid interconnections already in place. It delivers scalable infrastructure solutions in high-demand power markets across Pennsylvania and Washington in the United States, and Quebec in Canada. It has data campuses in Moses Lake, Panther Creek, Sharon, Sherbrooke, and Scrubgrass.
Ticker
$KEEL
Sector
Software & Cloud Services
Primary listing
NASDAQ
Employees
-

KEEL Metrics

BasicAdvanced
$1.4B
-
-$0.74
4.01
-

What the Analysts think about KEEL

Analyst ratings (Buy, Hold, Sell) for Keel Infrastructure stock.
Analyst projections of the future price of Keel Infrastructure stock.

Bulls say / Bears say

Keel has moved beyond pipeline claims at one asset: it acquired a 55 MW site with a 15-year take-or-pay lease covering 43 MW of critical IT load, with first-year revenue expected to reach $67 million from Q1 2027. That gives the new business a tangible revenue anchor. (Fiscal.ai)
Moses Lake is progressing towards a 2027 launch, with the first Vertiv modules delivered and critical long-lead equipment secured or being made. Keel reported $819 million of liquidity in August to fund development as it works to secure tenants. (GlobeNewswire)
The leased site is only a starting point: Keel reports a 2.2 GW development pipeline, including 350 MW of secured capacity at Panther Creek and a conditional 96 MW arrangement at Sherbrooke. If developed, this gives the company room to scale its data-centre business. (GlobeNewswire, StockAnalysis)
The transition is hurting near-term results: Q2 revenue fell 50% year on year to $30 million, while adjusted EBITDA was negative $24 million. The company expects its first high-performance computing revenue in 2027, leaving a long wait for the new business to contribute. (GlobeNewswire)
Major development sites still depend on execution: in August, management described tenant talks as negotiations, and Panther Creek's final environmental approvals were taking months longer than expected. Sherbrooke also still needed provincial approval in October, leaving project timing uncertain. (StockAnalysis, American Banking News)
Keel's pivot is capital intensive and its long-term debt reached about $1.03 billion at the end of June, mainly from convertible notes. With the new data-centre business yet to generate revenue, further development could require additional borrowing or share issuance. (SEC)
Data summarised monthly by Lightyear AI. Last updated on 30 Oct 2026.

KEEL Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

KEEL Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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