{
  "id": 19786133,
  "title": "Piper Sandler initiates Innio stock with overweight rating on power demand",
  "url": "https://urgent.news/2026/11/13/piper-sandler-initiates-innio-stock-with-overweight-rating-on-power",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-13T09:20:54.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/piper-sandler-initiates-innio-stock-with-overweight-rating-on-power-demand-93CH-5024585"
  },
  "original_language": "en",
  "account": "Piper Sandler has given Innio NV (NASDAQ: INIO) an \"overweight\" rating and set a price target of $21.00, as of November 13, 2026. The stock is currently trading at $15.16, up 10% over the past week, but down 54% over the past year. Innio specializes in manufacturing Jenbacher gas engines, which data center developers use to generate their own power.\n\nThe firm expects Innio's 2028 revenue to reach $6.25 billion, with an adjusted EBITDA of $1.45 billion - both 1% above market consensus. In the last fiscal year, Innio reported $3.51 billion in revenue, with analysts forecasting a 52% revenue growth for fiscal 2026. InvestingPro believes the stock is undervalued at current levels.\n\nData center developers have turned to Innio's engines due to lengthy grid connection times and sold-out turbines. Innio's 4.5 MW Type 6 Jenbacher engine can be shipped in a container and is ready to run, allowing developers to add capacity as needed. The firm estimates Innio will sell around 6 GW of capacity to data centers over the next two years, with roughly 50% of that capacity to be sold in 2026.\n\nIn a recent development, Innio reported strong third-quarter 2026 earnings, generating $0.15 per share on $1.16 billion in revenue, beating Wall Street's expectations. The company also raised its full-year outlook, indicating robust demand in data centers and services. Morgan Stanley and Goldman Sachs have followed suit, raising their price targets and maintaining \"overweight\" ratings. However, JPMorgan and BNP Paribas Exane have lowered their price targets, citing conservative guidance.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}