$INIO

Innio Seen Benefiting From Data Center On-Site Power Boom, Morgan Stanley Says

Innio Group (INIO) is positioned to benefit from rising demand for on-site power at data centers with its high-speed reciprocating natural gas engines expected to drive strong revenue growth and margin expansion, Morgan Stanley said Monday in a report, initiating coverage of the stock with an overweight rating.Innio is one of the largest manufacturers of high-speed reciprocating engines, among the most attractive on-site power solutions for data centers due to their favorable economics, fuel efficiency, rapid deployment and modular design, Morgan Stanley said. The company also benefits from its Jenbacher brand, multiyear order backlog and global service network, the report said.Morgan Stanley forecasts 24% revenue compound annual growth rates and 36% EBITDA CAGR from 2026 through 2030 as shipments increase to 9.2 gigawatts, adding that the stock does not fully reflect Innio's long-term growth prospects, pricing power and ability to maintain its leadership in the engine market.Morgan Stanley has a $47 price target on Innio shares.Price: $35.66, Change: $-1.63, Percent Change: -4.37%

BofA Initiates Innio at Buy With $46 Price Target

BofA Initiates Innio at Buy With $46 Price Target

BNP Paribas Initiates Innio at Outperform With $48 Price Target

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Deutsche Bank Initiates Innio at Hold With $41 Price Target

RBC Initiates Innio at Sector Perform With $39 Price Target

Baird Initiates Innio at Outperform With $50 Price Target

Morgan Stanley Initiates Innio at Overweight With $47 Price Target

JPMorgan Initiates Innio at Overweight With $44 Price Target

Goldman Sachs Initiates Innio at Buy With $42 Price Target

Citigroup Initiates Innio at Neutral With $42 Price Target