From Bitcoin to AI: Keel Infrastructure Corp. (KEEL)’s Big Bet
Keel Infrastructure Corp. (NASDAQ:KEEL) is among the best fundamentally strong penny stocks to invest in now. On April 27, TheFly reported that Bill Papanastasiou from Chardan started coverage of Keel Infrastructure Corp. (NASDAQ:KEEL) with a Buy rating and a price target of $4.50. The firm noted that the company, along with Galaxy Digital and Riot Platforms, is shifting its power offerings to high-performance compute (HPC) workloads from bitcoin mining. This is being done to capitalize on a “significant valuation re-rate opportunity afforded by stable cash flows attached to long- duration lease agreements.”
With AI-driven applications and use cases, “we have only begun to scratch the surface,” Chardan stated. The firm believes that the compute demand will increase as complex tasks are directed to technology. The investors seeking potential upside exposure “need not look any further” beyond these three stocks, said the firm, thus making the stock one of the best penny stocks to buy now.
Photo by Hack Capital on Unsplash
As stated by the analyst,
“We think the stock offers an attractive risk-reward profile given the existing portfolio of North American data center sites deemed feasible for high-performance computing workloads and a disconnected market valuation that does not fully capture the potential re-rating opportunity, unlike peers (who pivoted early on and secured anchor tenants).”
Keel Infrastructure Corp. (NASDAQ:KEEL) is a New York-based digital and energy infrastructure company specializing in HPC and AI. Founded in 2017, the company operates data centers housing computers, sells computational power, and provides electrical services.
While we acknowledge the potential of KEEL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on thebest short-term AI stock.
READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years
Disclosure: None. Follow Insider Monkey on Google News.
Content Original Link:
" target="_blank">
