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Keel Infrastructure Corp. has withdrawn its goal of signing three data center leases by the end of 2026, citing permitting delays in Pennsylvania that have pushed back its development timeline.
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Filed: 2026-11-10 AccNo: 0001812477-26-000045 Size: 143 KB Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Chardan has lowered its price target for Keel Infrastructure Corp. from $4.50 to $3.75 while maintaining a Buy rating.
Goldman Sachs has initiated coverage of Keel Infrastructure Corp. with a 'Neutral' rating and a price target of $2.00 per share.
Keel Infrastructure (KEEL) acknowledged it will not meet its target of signing three leases by year-end 2026 due to Pennsylvania regulatory delays. However, the company maintains strong progress with $780M in liquidity, construction underway at Moses Lake targeting 2027 HPC revenues, and potential capacity expansion from 478 MW to 1,928 MW. Management continues negotiations with prospective tenants while preserving financial flexibility.
Analysts initiated coverage: Neutral on KEEL ($2), Buy on PTN ($12), FRVO ($17) and YARW ($60).