Data Center Power Orders Push Enerflex Backlog Past 1.75 GW
EFXT has more than doubled off its 52-week low of $10.57 on elevated volume (2.0× avg).
Summary
Enerflex formalized its 1 GW+ data center power generation contract, pushing total behind-the-meter backlog past 1.75 GW with deliveries through 2028, and authorized ~$100M in ES facility investments.
Key Events · M&A and Partnerships · EFXT
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1 GW+ Data Center Power Contract
Enerflex contracted to design, engineer, fabricate, and assemble over 1 GW of low-emission behind-the-meter natural gas-fired power generation units for a large-scale North American data center development.
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Backlog Exceeds 1.75 GW
Combined with the 450 MW award announced October 1, 2026, Enerflex's behind-the-meter natural gas-fired power generation backlog now exceeds 1.75 GW, with deliveries extending through 2028.
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~$100M ES Facility Investment
Enerflex authorized approximately $100 million in Engineered Systems facility and capability investments, of which $15 million is included in 2026 capital expenditure guidance, to expand revenue capacity.
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After-Market Services Upside
Beyond initial equipment scope, the backlog provides opportunities for future commissioning, installation, and after-market services including ReliaCore Asset Performance Management digital solutions.
Analysis · EFXT · Technology
The formal Material Change Report confirms the 1 GW+ behind-the-meter power generation contract announced earlier today and adds hard numbers: combined backlog now exceeds 1.75 GW with deliveries through 2028, and the company has authorized roughly $100 million in ES facility investments to support execution. This is the second major data center power award in two weeks, following the 450 MW contract on October 1. The scale of the backlog — over 1.75 GW — represents a step-change in Engineered Systems revenue capacity and locks in multi-year manufacturing utilization.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 36.5% of the 953 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.66%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, EFXT was trading at $27.54 on NYSE in the Technology sector, with a market capitalization of approximately $3.4B. The 52-week trading range was $10.57 to $29.15. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.