Overview
- FTAI’s new platform will convert widely used CFM56 aircraft engines into aeroderivative gas turbines for power generation.
- The company says it can scale to deliver more than 100 converted units per year using its modular maintenance approach.
- The turbines are intended to supply electricity for data centers as AI hyperscalers drive near-term power demand.
- RBC maintains an Outperform rating with a $200 price target, saying the move lengthens the CFM56 program’s runway.
- A Seeking Alpha analyst keeps a Buy rating, raises EBITDA estimates, and sets a 2027 price target of $246.18 while noting the Power unit’s upside is not yet modeled.