Liberty Energy Lands $332.6M Wärtsilä Deal for Data Center Power Projects
LBRT has more than doubled off its 52-week low of $9.9.
Summary
Liberty Energy's subsidiary secured a $332.6 million supply contract with Wärtsilä for engines and equipment to support data center and distributed power projects. This significant deal, representing about 7.5% of Liberty Energy's market cap, reinforces the company's strategic expansion into power generation. It follows a similar $505 million contract signed in May with Bergen Engines AS. Deliveries and performance testing for this new agreement are slated to begin in 2029 and extend into 2030.
At the time of this announcement, LBRT was trading at $27.25 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $4.4B. The 52-week trading range was $9.90 to $34.48. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.