Enerflex Shares Jump 7.4% Pre-Market on 450 MW Natural Gas Power Contract Win
Enerflex Ltd (EFXT) shares surged 7.4% in pre-market trading after securing a new 450 MW natural gas power contract, a significant project win boosting revenue backlog visibility.
Key points
- Enerflex Ltd (EFXT) shares surged 7.4% in pre-market trading after securing a new 450 MW natural gas power contract, a significant project win for the energy services company.
- Enerflex specializes in compression, processing, and power generation infrastructure for natural gas producers, and the 450 MW contract is among the company’s larger recent project awards.
- The contract win comes amid elevated demand for natural gas power infrastructure as energy transition timelines extend and power grids require additional reliable baseload generation capacity.
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