Q: 13% pop today for SPB.
How significant is the Certarus announcement for being a Nat Gas Supplier for a Data Centre buildout contract
How significant is the Certarus announcement for being a Nat Gas Supplier for a Data Centre buildout contract
5i Research Answer:
It is a nice contract, but not expected to start until mid-2027. The total contract is about 13% of SPB annual revenue, but it is not all in one year. Still, some good news from the company and sets up greater revenue and earnings visibility post 2027. The stock popped and has already gotten some broker upgrades.