r/KEEL_

What do you all think about this possibility for today’s capital raise despite Nebius sitting on $8B+ in cash?

Bad news = City Manager is now reviewing how KEEL will be affected by this new order, If it is already approved, then there is nothing to review.

Good news = KEEL spokesperson(don't know who that is) is confident they can get it approved

My conclusion is that there will be at least some delays.

Yesterday’s dump down to 3.14 was a classic algo headline panic. If you actually read the 8 pages of PA Executive Order 2026-05, the reality is the exact opposite of retail fear.

The order specifically targets speculative greenfield projects trying to leech power off the public grid. In Section 4b, the state literally directs the DEP to fast-track and remove red tape for brownfield sites that generate their own power. That is literally Panther Creek and Scrubgrass. Gov Shapiro didn't kill data centers, he forced hyperscalers to deal with behind-the-meter operators with their own power. Keel went from an option to one of the only viable routes in PA.

Smart money clearly understood this. CEO Ben bought at 3.33, and COO Liam Wilson dropped 100k of his own money at 3.78 on Monday right before the order dropped. With the Panther Creek DEP hearing tomorrow and BTC squeezing the broader mining and HPC basket, clearing out the stops at 3.14 just set up a massive bear trap.

Valuation Models
Model 1: Sum-of-the-Parts & Cash Floor
With roughly 819M in liquid reserves, the pure cash floor sits around 3.00 a share. At current prices around 3.20, you are essentially paying for cash and getting 2.2GW of power pipeline and high-voltage substations for next to nothing.
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Model 2: EV per Megawatt (Sector Parity)
Looking at comps across the sector (WYFI, CORZ, WULF), active and contracted capacity trades between 1M to 2M per MW.
Putting a conservative 1.2M per MW on just 500MW of near-term capacity (Panther Creek 350MW + Sharon 150MW) = 600M in asset value.
Adding back net cash and dividing by share count puts baseline fair value at 6.50 to 7.50, right in line with Wall Street targets (WSJ avg 6.33, Northland 7.00).
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Model 3: 2–3 Year Contracted EBITDA Multiple
Once 300MW is converted to HPC colocation at an industry standard of 2.0M ARR per MW with 65% EBITDA margins:

Annual EBITDA: 300MW * 2.0M * 65% = 390M/year

Applying a standard 10x to 12x infrastructure multiple gives an Enterprise Value of 3.9B to 4.6B

Target share price: 25.00 to 35.00+ down the road

The math and the regulatory moat speak for themselves. Holding for the real rerating.

Used this as opportunity and I bought 5k more stocks today and TBH I am long not a day trader, clown 🤡 talks will not impact if you have trust and vision in keel. Go keel long

Hi Guys, I'm looking for your opinions on what company can perform better and why. I'm aware that they can be biased but I don't know much so any input helps

Great news.

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https://preview.redd.it/efh4ndkm2rjh1.png?width=720&format=png&auto=webp&s=63e94d6ee936f2c702a66ba1862353c84aef3d80

Source: https://www.reuters.com/business/nvidia-talks-invest-3-billion-sb-energy-part-openai-data-center-deal-information-2026-08-15/

We might see more and more energy infrastructure companies securing the contracts down the road.

With the last earnings call expected November 12th, we should have a deal or 3 possibly before Thanksgiving/Christmas. Should be a good holiday season for us. Hang in there, let's get paid!

Ben is going to be making a guest appearance on blockspace around 1:30 pm. Mcnallie money also should have finished interviewing him this morning. That video hopefully coming soon. Let’s see if Ben can reiterate his confidence about 3 deals like he did on mcnallie 2 months ago

KEEL dropping ~12% today ahead of earnings is definitely painful, but this is exactly where patience matters. If you believe in the long-term story, use weakness to DCA rather than panic.

Buy the dip, hold the bag, and think LONG — very LONG. Don’t listen to useless messages as they make you to SELL so that someone else can buy the dip.

KEEL isn’t going to go parabolic in a day, a week, or even a month. Let the company execute, let the fundamentals develop, and let the stock rise steadily over time.

No panic. No FOMO. No overnight expectations.

Give it time. Patience + conviction + DCA. 💎🙌 #KEEL #AI #Infrastructure #Investing

Updates coming in just now -

$KEEL Citizens initiated coverage on Keel Infrastructure (NASDAQ:KEEL) with a Market Outperform rating and a price target of $10.00.

The firm’s analyst Greg Miller highlighted the company’s vertically integrated crypto-to-AI pivot with an approximately 2GW global pipeline. Keel operates power capacity across Pennsylvania, Washington State, and Quebec, Canada.

The company has approximately 341MW energized and 648MW secured, with a broader total pipeline of approximately 2.2GW. Citizens estimates the 2.2GW gross pipeline, representing 1.7GW critical IT load, could support more than $44 per share over time on full lease-up and delivery.

The $10 price target implies approximately 28 times 2028 estimated EV/EBITDA

08/12. - update Keel holding 💪 strong with the support level $usd 3.58 today, let’s keep holding go for long, patience needed. Good News ❤️❤️🙏