Jones Analysts Issued Buy Rating for Keel Infrastructure

The firm initiated coverage on Keel Infrastructure Corp, citing significant upside potential for the company's stock.

Updated on Sept. 28, 2026 in Data Centers

Isometric editorial illustration of a large industrial transformer structure in a field, representing AI infrastructure development. — Jones analysts initiated coverage on Keel Infrastructure Corp with a Buy rating and a $7.50 price target, citing potential growth in AI-focused data centers. AI Illustration. Upload story photo >

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Analysts at Jones have initiated coverage on Keel Infrastructure Corp with a Buy rating and a $7.50 price target. The company continues to advance plans for a 1.3 GW data-center campus at the Scrubgrass site in Pennsylvania.

Why it matters

The move highlights investor interest in high-performance computing and AI infrastructure, despite reports of execution risks at the Pennsylvania site. Analysts see nearly 97% upside for the stock, while retail sentiment has recently shifted toward a more bearish outlook.

The proposed Scrubgrass campus includes a 750 MW utility power study and 550 MW of potential on-site natural-gas generation to support its 1.3 GW capacity. Year-to-date, Keel Infrastructure Corp shares have risen 46%.

The players

Keel Infrastructure Corp

This is an infrastructure development firm currently pivoting toward high-performance computing and AI-supportive data center projects.

Jones

This is a financial services firm that provides market research and investment analysis for institutional and retail clients.

Northwise Project

This is an analytical organization that evaluates corporate infrastructure deals for execution risks and long-term financial viability.

The details

Keel Infrastructure Corp acquired the Scrubgrass site in late 2025 to pivot its business model toward AI-focused infrastructure. However, the Northwise Project has signaled skepticism, using a September 11 base model to evaluate potential earnings and suggest that projects may not be completed by 2030.

Keel Infrastructure Corp acquired the Scrubgrass site in late 2025.
Northwise Project released its base model on September 11, 2026.
The company's Q3 earnings call is scheduled for the week of November 9, 2026.
The deadline for the projected data center completions is 2030.

The Tech Race

This move follows the broader market trend of firms seeking to secure land and energy to satisfy the growing requirements of high-performance computing clusters. The strategy signals a shift toward massive power-generation capacity as the primary competitive advantage in modern data center development.

Retail investors should note the contrast between analyst optimism and the recent shift to bearish sentiment on social platforms like Stocktwits. Potential delays in infrastructure deployment could impact long-term stock stability as the firm navigates its shift toward AI hardware support.

The takeaway

Investment in AI-adjacent infrastructure carries both the potential for high growth and significant execution hurdles regarding energy supply. Investors should monitor project updates closely to determine if capacity projections match the realities of utility and power development timelines.