INNIO N.V. Ordinary Shares

Innio N.V. initiated full-year 2026 guidance, projecting adjusted EBITDA of $720 million to $740 million and revenue of $3.8 billion to $3.9 billion. The outlook follows a second quarter in which equipment order intake surged 316% year-over-year to a record $2.3 billion, driving total revenue up 42% to $938 million and adjusted EBITDA up 20% to $172 million. The company’s equipment order backlog reached a record $6.6 billion, supported by a 1.1 gigawatt order for a mega-scale data center customer, and management said it is sold out for 2026 and 2027 with deliveries extending into 2030 and 2031. Capacity expansion is progressing on plan from 3.5 gigawatts toward 10 gigawatts by 2028 and is being financed from operating cash flows, while adjusted EBITDA margins are expected to improve as higher-priced backlog converts and equipment operating leverage builds.

JPMorgan said a recent selloff in clean energy and power infrastructure stocks has created attractive entry points ahead of second-quarter earnings, arguing that demand trends tied to data centers, industrial electrification and U.S. manufacturing remain intact despite recent market volatility. The bank named GE Vernova, Innio, SOLV Energy and Nextpower as its top picks into earnings, and said baseload power technologies remain the strongest investment theme as surging electricity demand from artificial intelligence data centers drives long-term growth in power infrastructure. JPMorgan expects generally positive quarterly updates across gas turbines, reciprocating engines, fuel cells, battery energy storage systems, geothermal and utility-scale solar, and noted that while the sector has outperformed the broader market year-to-date, it has fallen 14% over the past two months, which the bank believes offers an opportunity to add exposure given continued order momentum and growing project pipelines. The bank added that recent reports of data center project delays appear largely project-specific and do not alter the long-term demand outlook, although political debate ahead of the U.S. midterm elections could create near-term volatility, and that utility-scale solar and storage remain its preferred renewable energy segments, while the recovery in the U.S. residential solar market is likely to be gradual rather than sharp. JPMorgan also expects consolidation across the renewable energy sector as larger, well-capitalized developers and engineering firms gain market share on increasingly complex projects, but cautioned that uncertainty surrounding U.S. polysilicon tariffs, foreign entity of concern rules and permitting requirements continues to weigh on parts of the solar industry, though greater policy clarity later this year could improve financing conditions and support new investment.

US stock futures were mixed in early trade, with E-mini S&P 500 futures slightly down around 0.2% while Nasdaq futures were flat to modestly higher. The US 10-year Treasury yield sat near 4.48%, keeping borrowing costs elevated for mortgages, credit cards, and companies. Investors braced for the PCE inflation report, the Federal Reserve's preferred cost-of-living gauge, along with a busy week of data on spending and factory orders. Among top movers, Credo Technology Group Holding jumped 11.29% after fresh analyst coverage highlighted its AI connectivity focus, Tower Semiconductor climbed 10.50%, and Innio gained 9.83%. On the losing side, Space Exploration Technologies fell 16.43% on a planned senior unsecured notes offering, AST SpaceMobile declined 9.26%, and Rivian Automotive dropped 8.60% after reports highlighted high lease prices for its new R2 SUV. On the radar, earnings from FedEx, Micron, Paychex, and Trip.com will anchor a data-light stretch for US markets.

Innio NV shares climbed to a fresh high on Monday, driven by strong demand for energy from AI data centers and a bullish recommendation from Jim Cramer. The stock has risen as much as 27 percent since its June 8 IPO, which raised $2.43 billion entirely through existing shareholders selling 90 million shares. Cramer called the company a "hostage to AI" and said he thinks Innio is worth owning, suggesting investors could start a small position immediately. Innio is a global distributed energy solutions provider backed by Advent and ADIA, offering power systems under its Jenbacher and Waukesha brands for applications including data centers, microgrids, and grid stabilization.