KEEL
Keel Infrastructure Corp.
NasdaqGMUSDEQUITY
Technology
DELAYED
Neutral
-2/100
Last price
3.47
▲ 0.02 (0.57%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
3.45
Prev close
3.45
Day high
3.54
Day low
3.39
Volume
23.03M
Market cap
$2.14B
P/E (TTM)
—
52W range
1.68 – 7.37
Day trading desk
Gap from prior close
-0.02%
Prior close 3.45
VWAP
3.45
+0.52% from price
Relative volume
0.66×
Normal
Session range
4.42%
3.39 – 3.54
Position in range
53%
Mid range
ATR (14D)
0.25
7.08% of price
Prior day high
3.63
PDH
Prior day low
3.37
PDL
Bid / ask spread
—
Quote not published
Session volume
21.96M
Avg 33.10M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-3.07%
-5.0%
1M
0.00%
-1.2%
3M
-23.90%
-28.4%
6M
+70.10%
+51.9%
YTD
+47.66%
+33.4%
1Y
+15.28%
-1.1%
3Y
+224.30%
+142.0%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on KEEL open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
28.23M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 21, 26 | GAGNON BENJAMIN J. Chief Executive Officer |
BUY | 38.89K | $129.50K | Direct |
| Aug 20, 26 | WILSON LIAM DANIEL Chief Operating Officer |
BUY | 30.77K | $100.00K | Direct |
| Aug 17, 26 | WILSON LIAM DANIEL Chief Operating Officer |
BUY | 26.47K | $100.06K | Direct |
| Aug 13, 26 | GAGNON BENJAMIN J. Chief Executive Officer |
BUY | 58.89K | $196.10K | Direct |
| Jul 10, 26 | WILSON LIAM DANIEL Chief Operating Officer |
— | 76.42K | — | Direct |
| Jul 10, 26 | SILVERSTEIN RACHEL ROSE General Counsel |
— | 18.37K | — | Direct |
| Jul 10, 26 | AMMANN MARC-ANDRE Officer |
— | 28.48K | — | Direct |
| Jul 10, 26 | GAGNON BENJAMIN J. Chief Executive Officer |
— | 215.58K | — | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
AMMANN MARC-ANDRE |
Officer | 13.30K | Conversion of Exercise of derivative security |
GAGNON BENJAMIN J. |
Chief Executive Officer | 1.39M | Purchase |
SILVERSTEIN RACHEL ROSE |
General Counsel | 12.92K | Conversion of Exercise of derivative security |
WILSON LIAM DANIEL |
Chief Operating Officer | 100.98K | Purchase |
Fundamentals
Market cap$2.14B
Enterprise value$2.47B
Revenue (TTM)$188.14M
Gross profit$-60.69M
EBITDA$-57.34M
Net income$-374.86M
EPS (TTM)$-0.65
Free cash flow$-180.64M
Total cash$715.52M
Total debt$1.04B
Book value / share$0.53
Shares outstanding617.57M
Float589.79M
Short % of float18.10%
Dividend yield0.00%
Beta (5Y)4.01
Valuation & profitability ratios
Trailing P/E—
Forward P/E-11.97
PEG ratio—
Price / sales—
Price / book6.51
EV / revenue13.11
EV / EBITDA-43.00
Gross margin-32.26%
Operating margin-180.98%
Profit margin-230.59%
Return on equity-75.64%
Return on assets-8.92%
Debt / equity315.88
Current ratio16.26
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $229.28M | $133.27M | $120.40M | $142.43M | +72.0% |
| Operating revenue | $229.28M | $133.27M | $120.40M | $142.43M | +72.0% |
| Cost of revenue | $248.18M | $149.19M | $144.14M | $131.91M | +66.4% |
| Gross profit | -$18.90M | -$15.91M | -$23.74M | $10.52M | -18.8% |
| Selling, general & admin | $78.34M | $64.05M | $33.87M | $51.51M | +22.3% |
| Total operating expense | $78.34M | $61.92M | $33.87M | $58.26M | +26.5% |
| Operating income | -$97.24M | -$77.84M | -$57.61M | -$47.74M | -24.9% |
| Net interest income | -$8.92M | $4.95M | -$2.38M | -$14.39M | -280.3% |
| Pre-tax income | -$208.41M | -$7.01M | -$40.09M | -$193.06M | -2,871.8% |
| Tax provision | $101.00K | $346.00K | -$154.00K | -$17.41M | -70.8% |
| Net income | -$208.51M | -$7.36M | -$39.93M | -$175.64M | -2,733.5% |
| Net income to common | -$208.51M | -$7.36M | -$39.93M | -$175.64M | -2,733.5% |
| Basic EPS | -0.52 | -0.13 | -0.21 | -1.15 | -300.0% |
| Diluted EPS | -0.52 | -0.13 | -0.21 | -1.15 | -300.0% |
| EBIT | -$196.64M | -$6.27M | -$37.22M | -$178.84M | -3,037.2% |
| EBITDA | -$74.01M | $129.16M | $47.10M | -$106.42M | -157.3% |
| Basic shares | 551.68M | 414.67M | 262.24M | 207.87M | +33.0% |
| Diluted shares | 551.68M | 414.67M | 262.24M | 207.87M | +33.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $573.46M | $59.54M | $84.04M | $30.81M | — | +863.1% |
| Cash & short-term investments | $573.46M | $59.54M | $84.04M | $30.81M | — | +863.1% |
| Accounts receivable | $5.47M | $1.26M | $714.00K | $701.00K | — | +334.6% |
| Inventory | $8.68M | $1.14M | $705.00K | $588.00K | — | +663.1% |
| Total current assets | $826.47M | $213.74M | $129.98M | $69.09M | — | +286.7% |
| Property, plant & equipment | $391.73M | $300.89M | $240.14M | $268.02M | — | +30.2% |
| Goodwill & intangibles | $2.98M | $4.64M | $3.70M | $33.00K | — | -35.7% |
| Total assets | $1.30B | $663.13M | $378.73M | $343.10M | — | +95.5% |
| Total current liabilities | $148.11M | $28.16M | $69.15M | $67.41M | — | +426.1% |
| Current debt | $97.02M | $146.00K | $4.02M | $43.05M | — | +66,353.4% |
| Long-term debt | $572.45M | $1.43M | — | $4.09M | $910.00K | +39,931.3% |
| Total debt | $683.78M | $23.41M | $19.87M | $65.01M | — | +2,820.3% |
| Total liabilities | $735.97M | $51.99M | $83.96M | $87.70M | — | +1,315.7% |
| Retained earnings | -$612.48M | -$327.94M | -$299.81M | -$197.19M | — | -86.8% |
| Shareholder equity | $560.38M | $611.15M | $294.76M | $255.40M | — | -8.3% |
| Working capital | $678.35M | $185.58M | $60.83M | $1.68M | — | +265.5% |
| Net tangible assets | $557.39M | $606.51M | $291.06M | $255.37M | — | -8.1% |
| Shares issued | 601.58M | 479.33M | 334.15M | 224.20M | — | +25.5% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$284.54M | -$28.36M | -$55.51M | -$175.64M | -903.2% |
| Depreciation & amortisation | $122.63M | $135.42M | $84.32M | $72.42M | -9.4% |
| Stock-based compensation | $14.98M | $12.68M | $10.91M | $21.79M | +18.2% |
| Change in working capital | $1.11M | -$7.48M | $2.73M | -$3.98M | +114.9% |
| Operating cash flow | -$226.59M | -$141.71M | -$106.89M | -$122.42M | -59.9% |
| Capital expenditure | -$120.46M | -$339.85M | -$71.31M | -$194.98M | +64.6% |
| Investing cash flow | $103.74M | -$178.39M | $70.97M | $3.66M | +158.2% |
| Share buybacks | -$9.95M | $0 | $0 | — | — |
| Financing cash flow | $694.28M | $295.61M | $89.05M | $24.01M | +134.9% |
| Free cash flow | -$347.06M | -$481.56M | -$178.19M | -$317.40M | +27.9% |
| End cash position | $630.96M | $59.54M | $84.04M | $30.89M | +959.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $30.43M | $36.99M | $50.23M | $69.25M | $60.91M | — | -17.7% |
| Operating revenue | $30.43M | $36.99M | $50.23M | $69.25M | $60.91M | — | -17.7% |
| Cost of revenue | $117.18M | $63.30M | $66.50M | $72.13M | $64.79M | — | +85.1% |
| Gross profit | -$86.75M | -$26.30M | -$16.27M | -$2.88M | -$3.89M | — | -229.8% |
| Selling, general & admin | $31.31M | $26.84M | $24.14M | $17.04M | $19.38M | — | +16.7% |
| Total operating expense | $31.31M | $68.29M | $24.14M | $17.04M | $19.38M | — | -54.1% |
| Operating income | -$118.06M | -$94.59M | -$40.41M | -$19.92M | -$23.27M | — | -24.8% |
| Net interest income | -$360.00K | -$1.66M | -$2.11M | -$5.24M | -$1.22M | — | +78.3% |
| Pre-tax income | -$63.93M | -$127.58M | -$134.22M | -$48.60M | $13.20M | — | +49.9% |
| Tax provision | $17.00K | -$3.00K | $5.66M | -$2.35M | $0 | — | +666.7% |
| Net income | -$65.00M | -$145.35M | -$65.14M | -$80.77M | -$5.50M | — | +55.3% |
| Net income to common | -$65.00M | -$145.35M | -$65.14M | -$80.77M | -$5.50M | — | +55.3% |
| Basic EPS | -0.11 | -0.24 | — | -0.15 | -0.01 | -0.11 | +54.2% |
| Diluted EPS | -0.11 | -0.24 | — | -0.15 | -0.01 | -0.11 | +54.2% |
| EBIT | -$61.82M | -$123.98M | -$127.04M | -$46.72M | $14.78M | — | +50.1% |
| EBITDA | $22.33M | -$96.28M | -$104.59M | -$10.52M | $50.39M | — | +123.2% |
| Basic shares | 605.37M | 602.58M | — | 556.54M | 555.84M | 500.16M | +0.5% |
| Diluted shares | 605.37M | 602.58M | — | 556.54M | 555.84M | 500.16M | +0.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $715.52M | $357.28M | $573.46M | $86.95M | $85.44M | +100.3% |
| Cash & short-term investments | $715.52M | $357.28M | $573.46M | $86.95M | $85.44M | +100.3% |
| Accounts receivable | $5.01M | $5.36M | $5.47M | $3.27M | $3.94M | -6.4% |
| Inventory | $8.85M | $10.41M | $8.68M | $6.98M | $7.11M | -15.0% |
| Total current assets | $896.47M | $575.65M | $826.47M | $374.71M | $278.26M | +55.7% |
| Property, plant & equipment | $371.07M | $433.28M | $391.73M | $381.73M | $501.43M | -14.4% |
| Goodwill & intangibles | $2.94M | $3.02M | $2.98M | $2.74M | $3.45M | -2.9% |
| Total assets | $1.42B | $1.07B | $1.30B | $801.28M | $827.95M | +32.7% |
| Total current liabilities | $55.12M | $59.94M | $148.11M | $117.05M | $89.47M | -8.0% |
| Current debt | $6.75M | $4.24M | $97.02M | $607.00K | $581.00K | +59.2% |
| Long-term debt | $1.02B | $573.20M | $572.45M | $50.84M | $51.00M | +77.8% |
| Total debt | $1.04B | $590.97M | $683.78M | $73.68M | $74.91M | +75.7% |
| Total liabilities | $1.09B | $647.58M | $735.97M | $189.92M | $165.46M | +67.9% |
| Retained earnings | -$822.83M | -$757.83M | -$612.48M | -$459.11M | -$383.99M | -8.6% |
| Shareholder equity | $328.72M | $419.13M | $560.38M | $611.36M | $662.49M | -21.6% |
| Working capital | $841.34M | $515.70M | $678.35M | $257.66M | $188.79M | +63.1% |
| Net tangible assets | $325.78M | $416.11M | $557.39M | $608.62M | $659.04M | -21.7% |
| Shares issued | 616.74M | 602.85M | 601.58M | 563.01M | 557.55M | +2.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$65.00M | -$145.35M | -$141.18M | -$82.31M | -$5.50M | +55.3% |
| Depreciation & amortisation | $84.15M | $27.69M | $22.45M | $36.20M | $35.61M | +203.9% |
| Stock-based compensation | $9.85M | $3.66M | $4.08M | $3.13M | $3.50M | +168.8% |
| Change in working capital | -$4.88M | -$9.05M | -$15.93M | $1.23M | -$12.71M | +46.1% |
| Operating cash flow | -$52.93M | -$64.69M | -$73.65M | -$59.22M | -$74.88M | +18.2% |
| Capital expenditure | -$42.96M | -$62.17M | -$44.27M | -$9.35M | -$19.02M | +30.9% |
| Investing cash flow | $13.95M | -$54.84M | -$16.44M | $46.15M | $99.68M | +125.4% |
| Share buybacks | — | — | $2.00K | — | — | — |
| Financing cash flow | $409.51M | -$113.13M | $609.20M | $14.53M | $46.98M | +462.0% |
| Free cash flow | -$95.89M | -$126.86M | -$117.92M | -$68.58M | -$93.90M | +24.4% |
| End cash position | $768.89M | $398.35M | $630.96M | $111.95M | $110.44M | +93.0% |
Options analytics
Put / call volume
0.56
Call-heavy session
Put / call open interest
0.79
Positioning, not flow
Max pain
3.50
+0.9% from spot
ATM implied vol
87.5%
Nearest strike to spot
Skew (10% OTM)
-18.8%
Calls bid over puts
Call volume
2.57K
Contracts, this expiry
Put volume
1.45K
Contracts, this expiry
Heaviest call OI
4.00
11.62K contracts
Heaviest put OI
3.00
10.28K contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | -0.07 | -0.19 | -163.5% |
| Mar 2026 | -0.04 | -0.09 | -152.0% |
| Dec 2025 | -0.02 | -0.11 | -464.0% |
| Sep 2025 | -0.02 | -0.15 | -600.0% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | -0.08 | 3 | $22.60M | -73.0% |
| Next quarter | -0.07 | 3 | $21.16M | -59.9% |
| Current year | -0.51 | 1 | $112.96M | -50.7% |
| Next year | -0.29 | 3 | $94.34M | -16.5% |
Analyst targets & ownership
Mean target$6.55
High target$10.00
Low target$4.50
Implied upside88.65%
Analyst count11
ConsensusSTRONG BUY
Strong buy / Buy2 / 9
Hold1
Sell / Strong sell0 / 0
Held by insiders4.57%
Held by institutions66.96%
Institutions holding364
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
3.64
-4.68% from price
SMA 20
3.65
-5.05% from price
SMA 50
3.57
-2.86% from price
SMA 100
4.36
-20.49% from price
SMA 200
3.46
+0.31% from price
EMA 12
3.60
-3.52% from price
EMA 26
3.62
-4.18% from price
EMA 50
3.73
-7.01% from price
RSI (14)
45.8
Neutral
MACD (12,26,9)
-0.02
Hist -0.03
ATR (14)
0.25
7.08% of price
Realised vol 30D
76.2%
Annualised
Bollinger upper
4.15
20, 2σ
Bollinger lower
3.16
20, 2σ
50 / 200 cross
Golden
3.57 vs 3.46
Trend bias
Above 200
+0.31%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
4.16
More volatile than market
Correlation to SPY
0.49
Loosely linked
Realised vol 30D
76.2%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-73.6%
Peak to trough
Max drawdown 5Y
-95.7%
Peak to trough
ATR 14
0.25
7.08% of price
Beta (reported)
4.01
5Y monthly, from filing
Short interest
Shares short
109.87M
Prior 115.86M
Change vs prior
-5.2%
Shorts covering
% of float
18.10%
Elevated
% of shares out
17.79%
Against total outstanding
Days to cover
2.9
Liquid
Float
589.79M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jul 22, 26 | BTIG | INITIATED | — | Buy |
| Jun 24, 26 | Citizens | INITIATED | — | Market Outperform |
| Jun 8, 26 | Chardan Capital | MAINTAINED | Buy | Buy |
| May 11, 26 | HC Wainwright & Co. | MAINTAINED | Accumulate | Buy |
| May 11, 26 | Chardan Capital | MAINTAINED | Buy | Buy |
| May 11, 26 | Alliance Global Partners | MAINTAINED | Buy | Buy |
| Apr 27, 26 | Chardan Capital | INITIATED | — | Buy |
| Apr 9, 26 | Cantor Fitzgerald | MAINTAINED | Overweight | Overweight |
| Apr 2, 26 | Alliance Global Partners | MAINTAINED | Buy | Buy |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-08-10
Corporate Changes & Voting Matters
8-K · 2026-07-06
Corporate Changes & Voting Matters
8-K · 2026-06-16
Corporate Changes & Voting Matters
8-K · 2026-06-10
Corporate Changes & Voting Matters
8-K · 2026-06-05
Corporate Changes & Voting Matters
8-K · 2026-06-04
Periodic Financial Reports
10-Q · 2026-05-11
Offering Registrations
S-3ASR · 2026-04-07
Headlines
KEEL Stock Up 27.7% Y/Y: Can the Momentum Last Throughout 2026?
Zacks · 7d ago
KEEL Stock Edges Higher Overnight As Analyst Views Clash: One Sees Nearly 2X Upside, Another Flags Execution Risks
Stocktwits · 9d ago
Keel Infrastructure (KEEL) Lands Industry Index Spot And Backup Power Deal
Simply Wall St. · 14d ago
Bitcoin Mining Faces A Shakeout As CORZ, KEEL, IREN, CIFR Get Ready To Exit, Says CoinShares
Stocktwits · 21d ago
PowerSecure Builds Standby Power for Keel's Data Center Campus
GuruFocus.com · 26d ago
Southern Company's Unit PowerSecure Wins Data Center Power Project
Zacks · 26d ago
KEEL Stock On Track To Break 4-Day Rally: PowerSecure AI Data Center Deal Fails To Prevent Pull Back
Stocktwits · 27d ago
PowerSecure executes agreement with Keel Infrastructure to support Moses Lake Data Center Campus
PR Newswire · 28d ago
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