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Stifel Canada Keeps Buy Rating, $9.00 Price Target on Superior Plus After Certarus Deal

-- Superior Plus (SPB.TO) said this week its Certarus subsidiary secured a 2.5-year natural-gas supply agreement to support a major data center project in the United States. The project requires ~135 megawatts of prime power generation and brings associated revenues of US$300 million over the contract term, notes Stifel Canada.

Analyst Daryl Young, who is maintaining a buy rating and $9.00 price target on Superior Plus shares, says the contract represents a significant expansion of the data center vertical, following the 50 MW bridge contract Certarus secured in late 2025.

"We see this as a significant positive update as it exemplifies the optionality that exists in the Certarus platform, and provides strong revenue visibility."

Price: $7.38, Change: $+0.24, Percent Change: +3.29%

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