Enerflex Wins 1 GW Data Center Power Contract, Backlog Tops 1.75 GW
EFXT has more than doubled off its 52-week low of $10.57 on light trading volume (0.2× avg).
Summary
Enerflex announced on October 13, 2026, a contract to design, engineer, fabricate, and assemble over 1 GW of low-emission behind-the-meter natural gas-fired power generation units for an unnamed North American data center project. Combined with the ~450 MW announced October 1, total behind-the-meter backlog now exceeds 1.75 GW with deliveries through 2028. Projects will be executed through Enerflex's North American manufacturing operations. The company authorized ~$100M in Engineered Systems facility investments, $15M of which is in 2026 capex guidance, to expand Engineered Systems business line capabilities and significantly increase its revenue capacity. The backlog provides opportunities for future commissioning, installation, and after-market services, including digital solutions with Enerflex’s ReliaCore TM Asset Performance Management ecosystem. This is a substantial step-up in scale from the prior award and signals strong demand for off-grid power for AI infrastructure. The stock rose 7.9% pre-market on the news.
Updated with an SEC 6-K filing · What changed
Updates
· SEC 6-K — The 6-K confirms the October 13 award of over 1 GW of low-emission behind-the-meter natural gas-fired power generation units for a North American data center, with backlog exceeding 1.75 GW and deliveries through 2028.
· SEC 6-K — Enerflex announced on October 13, 2026, a contract to design, engineer, fabricate, and assemble over 1 GW of low-emission behind-the-meter natural gas-fired power generation units for a North American data center, raising its backlog to over 1.75 GW.
- Contract Details — The 1 GW units are low emission, behind-the-meter natural gas-fired power generation units. Projects will be executed through Enerflex's North American manufacturing operations.
- Facility Investments — Investments expand Engineered Systems business line capabilities to support backlog and growth, and are expected to significantly increase Engineered Systems business line revenue capacity.
- After-Market Services — Backlog provides opportunities for future commissioning, installation, and after-market services, including digital solutions with Enerflex’s ReliaCore TM Asset Performance Management ecosystem.
All 6 details
- The 1 GW units are low emission, behind-the-meter natural gas-fired power generation units.
- Projects will be executed through Enerflex's North American manufacturing operations.
- Investments expand Engineered Systems business line capabilities to support backlog and growth.
- Investments are expected to significantly increase Engineered Systems business line revenue capacity.
- Backlog provides opportunities for future commissioning, installation, and after-market services, including digital solutions.
- After-market services include digital solutions with Enerflex’s ReliaCore TM Asset Performance Management ecosystem.
At the time of this announcement, EFXT was trading at $25.50 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2.9B. The 52-week trading range was $10.57 to $29.15. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Seeking Alpha.