Shares of Enerflex Ltd. (NYSE:EFXT) are climbing Thursday afternoon after securing a major contract to deliver 450 megawatts of natural gas power generation units for a North American data center developer.
Here’s what investors need to know.
- Enerflex shares are powering higher. Why is EFXT stock surging?
450 MW Data Center Power Contract
On Thursday, Enerflex announced an Engineered Systems award to design, engineer, fabricate and assemble approximately 450 megawatts of behind-the-meter natural gas-fired power generation units for a North American data center developer. Equipment deliveries are scheduled to commence in 2027 and be completed in 2028.
To support the award and expected growth across its core markets, Enerflex said its 2026 capital expenditure guidance includes approximately $15 million of PP&E and infrastructure investments supporting its Engineered Systems business and adjacent markets, including electric power generation.
The company has also authorized approximately $85 million of additional investments in its Engineered Systems facilities and capabilities, with the majority expected to be incurred during 2027.
Executive Commentary and AI Pipeline
“This award leverages Enerflex’s unique capabilities in providing an integrated design, engineering, full scale fabrication, and project execution solution for behind-the-meter power generation projects,” said Paul Mahoney, President and Chief Executive Officer of Enerflex.
“The demand for reliable, prime power that does not require grid connection, supporting Artificial Intelligence and digital infrastructure development continues to grow,” Mahoney added, noting that Enerflex’s opportunity pipeline continues to exceed 2 gigawatts.
EFXT Shares Climb Thursday Afternoon
EFXT Price Action: Enerflex shares were up 11.54% at $25.42 at the time of publication on Thursday, according to Benzinga Pro data.
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