Overview
- FTAI introduced FTAI Power to repurpose CFM56 aircraft engines into aeroderivative turbines aimed at data‑center energy needs driven by AI demand.
- Management targets production of more than 100 units annually beginning in 2026, with the company citing a large internal supply of roughly 1,000 CFM56 engines.
- RBC reaffirmed an Outperform rating with a $200 price target, saying the move could extend the CFM56 aftermarket runway.
- Jefferies estimated the venture could exceed $750 million in EBITDA at full capacity, and Forbes highlighted BTIG’s $230 price target as a level to watch.
- Shares jumped on heavy trading to a new 52‑week high, with active call buying and elevated volume underscoring the market’s strong reaction.