Keel Infrastructure Corp. KEEL stock has soared 56.3% over the past six months against the industry’s 5% decline and the Zacks S&P 500 Composite's 11.5% rise.
6-Month Share Price Performance
Let us delve deeper into the factors that have contributed to the company’s outperformance.
HPC/AI Pivot Fuels Investor Optimism
Keel’s strategic pivot from its legacy Bitcoin mining operations to a High-Performance Computing (HPC)/AI company rallied investor interest as it introduces growth opportunities and raises perceived business quality. Following its rebranding and exit from Latin America, the company found itself in power-rich markets in Pennsylvania, Washington and Quebec.
The company addresses the insatiable demand for large-scale AI data-center capacity by leveraging a 2.2-gigawatt development pipeline with established grid interconnections. This shift likely supports the price rise, as investors could be impressed with the pivot creating potential for longer-duration and more predictable revenues if leases are secured.
Panther Creek, Sharon & Moses Lake Bolster Prospects
Keel’s growth prospects are strengthened by its progress in Panther Creek, Sharon and Moses Lake. By the second quarter of 2026, these sites were nearing full permitting with zoning secured and site development on track. The company was actively negotiating with prospective tenants at each location.
Keel received its first Vertiv modules at Moses Lake, advanced long-lead equipment procurement, began executing final fiber contracts and continued improving designs to assist high power density. This progress improves visibility into lease agreements and HPC capacity deployment, as evidenced by the company’s move beyond site selection and permitting toward infrastructural needs to cater to AI demand.
Pipeline Expansion Supports Long-Term Growth
Keel advanced its Sherbrooke project through an agreement involving conditional transfer and operation of 96 MW of power capacity, accompanied by a land purchase agreement for the data center, during the second quarter of 2026.
Meanwhile, U.S. Bitcoin mining decommissioning prepares those sites for HPC development. Combined with a 2.2 GW development pipeline and grid interconnections, the company can operate multiple avenues to capitalize on the growing AI infrastructure demand amid power availability bottlenecks.
Zacks Rank & Other Stocks to Consider
KEEL currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the broader Zacks Business Services sector are ScanSource SCSC and Gartner IT, each currently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
ScanSource has a long-term earnings growth expectation of 15%. SCSC delivered a trailing four-quarter earnings surprise of 7.8%, on average.
Gartner has a long-term earnings growth expectation of 20.1%. IT delivered a trailing four-quarter earnings surprise of 13.5%, on average.
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This article originally published on Zacks Investment Research (zacks.com).