HC Wainwright Has Bearish Forecast for KEEL FY2026 Earnings

Key Points

• HC Wainwright lowered its FY2026 loss estimate for Keel Infrastructure to $0.44 per share from $0.43, below the consensus expected loss of $0.41. The firm kept its Buy rating and set a $3.25 price target.
• Keel reported a Q3 loss of $0.10 per share, missing analysts’ $0.07 loss estimate; revenue was $27.6 million, and the loss widened from the prior-year quarter.
• Analyst views remain mixed but lean positive: MarketBeat reports a Moderate Buy consensus and a $5.41 average target, while other brokerages have recently cut price targets.

Keel Infrastructure (NASDAQ:KEEL - Free Report) - Research analysts at HC Wainwright cut their FY2026 earnings estimates for Keel Infrastructure in a research report issued to clients and investors on Thursday, November 5th. HC Wainwright analyst M. Colonnese now anticipates that the company will post earnings of ($0.44) per share for the year, down from their prior estimate of ($0.43). HC Wainwright currently has a "Buy" rating and a $3.25 price target on the stock. The consensus estimate for Keel Infrastructure's current full-year earnings is ($0.41) per share. HC Wainwright also issued estimates for Keel Infrastructure's Q4 2026 earnings at ($0.06) EPS, Q1 2027 earnings at ($0.05) EPS, Q2 2027 earnings at ($0.05) EPS, Q3 2027 earnings at ($0.06) EPS, Q4 2027 earnings at ($0.06) EPS and FY2027 earnings at ($0.22) EPS.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report) last announced its earnings results on Thursday, November 5th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.03). Keel Infrastructure had a negative return on equity of 102.27% and a negative net margin of 309.79%. The business had revenue of $27.60 million for the quarter. During the same quarter in the prior year, the firm posted ($0.02) earnings per share.

Several other brokerages have also recently issued reports on KEEL. Cantor Fitzgerald reduced their price objective on Keel Infrastructure from $5.00 to $4.00 and set an "overweight" rating on the stock in a research note on Friday, October 16th. Weiss Ratings reissued a "sell (d-)" rating on shares of Keel Infrastructure in a research note on Friday, October 9th. Citigroup reissued a "buy" rating on shares of Keel Infrastructure in a research note on Monday, August 10th. The Goldman Sachs Group initiated coverage on Keel Infrastructure in a report on Friday. They set a "neutral" rating and a $2.00 price target on the stock. Finally, B. Riley Financial reduced their price target on Keel Infrastructure from $6.00 to $5.00 and set a "buy" rating on the stock in a research report on Friday, October 30th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $5.41.

Keel Infrastructure Stock Performance

NASDAQ:KEEL opened at $1.87 on Monday. The company has a fifty day simple moving average of $3.03 and a two-hundred day simple moving average of $3.87. The company has a market cap of $1.16 billion, a price-to-earnings ratio of -6.23 and a beta of 4.10. The company has a quick ratio of 12.00, a current ratio of 12.13 and a debt-to-equity ratio of 3.74. Keel Infrastructure has a 52 week low of $1.60 and a 52 week high of $7.37.

Institutional Trading of Keel Infrastructure

Hedge funds and other institutional investors have recently bought and sold shares of the business. Situational Awareness LP purchased a new stake in Keel Infrastructure during the second quarter worth approximately $151,831,000. Bank of New York Mellon Corp acquired a new position in Keel Infrastructure in the second quarter valued at approximately $9,989,000. State Street Corp purchased a new position in Keel Infrastructure in the second quarter valued at approximately $78,100,000. Tidal Investments LLC purchased a new position in Keel Infrastructure in the second quarter valued at approximately $3,213,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Keel Infrastructure in the second quarter valued at approximately $1,123,000. 20.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO Liam Wilson acquired 30,769 shares of Keel Infrastructure stock in a transaction dated Thursday, August 20th. The shares were acquired at an average cost of $3.25 per share, for a total transaction of $99,999.25. Following the acquisition, the chief operating officer owned 100,978 shares of the company's stock, valued at $328,178.50. This trade represents a 43.82% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Benjamin Gagnon acquired 38,888 shares of the firm's stock in a transaction dated Friday, August 21st. The shares were purchased at an average cost of $3.33 per share, with a total value of $129,497.04. Following the completion of the transaction, the chief executive officer owned 1,386,624 shares in the company, valued at approximately $4,617,457.92. The trade was a 2.89% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders acquired 128,545 shares of company stock worth $425,593. Insiders own 9.50% of the company's stock.

Trending Headlines about Keel Infrastructure

Here are the key news stories impacting Keel Infrastructure this week:

• Neutral Sentiment: Keel said it is advancing AI data-center projects and lease negotiations at three near-term sites. It expects the Sharon and Panther Creek substations to be energized in 2027, with high-performance computing revenue also targeted for 2027. Keel Infrastructure Q3 results
• Neutral Sentiment: The company sold all 2,520 bitcoin held in its treasury during Q3 for about $192 million, providing funds for its transition from bitcoin mining to AI infrastructure while also ending its direct BTC exposure. Keel sells its bitcoin treasury
• Negative Sentiment: Q3 adjusted results disappointed: Keel lost $0.10 per share versus analysts’ expected loss of $0.07, while revenue was $27.6 million and was reported lower year over year. The company’s loss also widened from the prior-year quarter. Keel Q3 loss widens
• Negative Sentiment: Management cited leasing delays, Pennsylvania permitting and financing as key hurdles; it has not yet secured data-center leases, and an expansion load-study update was pushed to Q1 2027. These delays could postpone commercialization and revenue from the AI pivot. Q3 call highlights leasing delays and AI expansion
• Negative Sentiment: Analysts lowered their price targets: Chardan cut its target to $3.75 from $4.50, while HC Wainwright reduced its target to $3.25 from $4.00. Both retained Buy ratings, but the cuts signal reduced near-term expectations. Chardan lowers Keel price target

About Keel Infrastructure

Bitfarms Ltd. is a bitcoin mining company. It provides vertically integrated mining operations with onsite technical repair, proprietary data analytics and Company-owned electrical engineering and installation services to deliver operational performance and uptime. Bitfarms Ltd. is based in TORONTO, Ontario.

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