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Keel Infrastructure Corp.(KEEL)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for KEEL
11/06/2026: KEEL (3-star) is currently NOT-A-BUY. Pass it for now.
Keel Infrastructure Corp. is a specialized North American developer focused on building and owning data centers and energy infrastructure designed for high-performance AI workloads. Following its 2026 transition from Bitfarms, the company now benefits from a substantial 2.2-gigawatt project pipeline and strategic grid interconnections in key power-constrained markets. The company's primary growth story hinges on successfully securing hyperscale leases to generate long-term recurring revenue. Risks include significant capital requirements, intense competition from established REITs, and execution uncertainty. The stock may suit growth-oriented investors who are comfortable with the high risks and potential rewards associated with early-stage infrastructure projects in the expanding AI space.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The company is in an aggressive growth phase focusing on the high-demand AI infrastructure market. |
| Momentum investor | Mixed fit | Momentum potential depends on positive updates regarding hyperscaler lease signings. |
| Value investor | Weak fit | The company is currently prioritizing capital deployment for development over immediate earnings valuation. |
| Dividend investor | Weak fit | No dividend policy exists as the company is in a heavy reinvestment cycle. |
| Low-risk investor | Weak fit | High execution risk and volatility make this unsuitable for conservative portfolios. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock is susceptible to significant price swings tied to AI market sentiment and company development news. |
| Valuation risk | Medium / high | Valuation depends heavily on long-term growth forecasts rather than current cash flow. |
| Competition risk (Hyperscale Infrastructure) | High | Strong competition from established data center REITs threatens market penetration. |
| Business quality | Medium | The company is still proving its new, pure-play infrastructure business model. |
| Dividend income | Low / none | Income investors will not find yield here due to the development-focused capital strategy. |
| Execution risk | High | Failure to secure major leases or hit site development timelines would severely impact projections. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type Stock | Historic Profit 101.3% | Avg. Invested days 22 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 11/06/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.16B USD | Price to earnings Ratio - | 1Y Target Price 5.23 |
Price to earnings Ratio - | 1Y Target Price 5.23 | ||
Volume (30-day avg) 28.6M shares | Beta 4.19 | 52 Weeks Range 1.60 - 7.37 | Updated Date 11/08/2026 |
52 Weeks Range 1.60 - 7.37 | Updated Date 11/08/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.67 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Data Center Infrastructure | Leasing power-dense, AI-optimized data center space to enterprise and hyperscale customers. | The company earns money by building the physical facilities that AI hardware requires. |
| Geography | Operations concentrated in Pennsylvania, Washington, and Quebec. | They focus on locations with established, reliable energy grid access. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE - | Forward PE 84.03 | Enterprise Value 1.37B | Price to Sales(TTM) 7.82 |
Enterprise Value 1.37B | Price to Sales(TTM) 7.82 | ||
Enterprise Value to Revenue 9.31 | Enterprise Value to EBITDA 62.08 | Shares Outstanding 617.88M | Shares Floating 590.70M |
Shares Outstanding 617.88M | Shares Floating 590.70M | ||
Percent Insiders 4.57 | Percent Institutions 67.24 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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