Data Centers | StableBread's Newsletter

Data Centers

Aug 27, 2026

$13.8M Data Center Option

Fuel Tech trades at 1.6x sales with no debt and $29.6M of cash, ~70% of its market value. Strip the cash out and the operating business is worth ~$13.8M, with the data center pipeline as a free option.

SHAZ

Jun 15, 2026

NVIDIA's $4.9B Australian Bet

An Australian neocloud signed more than $2.2B of five-year, take-or-pay GPU contracts against $1.6M of 2025 revenue. A short seller calls them phantom. Oaktree and NVIDIA are funding the buildout anyway

Special Situation

May 24, 2026

Solar Microcap AI Power Pivot

PowerBank's history is ugly and it operates just 35 MW of solar today, but its sites, permitting relationships, and a recent LOI open a real path into the AI buildout's bottleneck: power delivery

BCAR

May 8, 2026

$632M EV With ~4% Downside

Trust floor at ~$10.25 caps the downside at ~4%. Upside depends on conversion of a $300M qualified pipeline across GPU cloud, modular data centers, and HVDC power

Data Centers

Apr 29, 2026

$93M Cash, No Debt, & 400MW of Power

First AI customer signed April 20. Cash backs the downside. 99% of the 400MW capacity is still uncontracted. Base case puts per-share at +346% by FY 2027.

BRUN

Apr 12, 2026

Boost Run Setup

SPAC merger priced below every public GPU cloud peer, with a team that's built and sold this infrastructure before.