Why Keel Infrastructure Stock Got Mashed on Monday

Keel Infrastructure stock fell 8.25% on Monday after analyst Stephen Glagola from Keefe, Bruyette & Woods cut his price target by 33% from $4.50 to $3 per share. While maintaining a hold recommendation, Glagola cited concerns about construction costs, project financing clarity, potential client lease declines, and regulatory uncertainty in Texas. The company is transitioning from cryptocurrency mining to data center operations but has not yet reached full permitting on its three priority sites.