- INIO is presented as mispriced AI-power exposure: modular Jenbacher and Waukesha engines bypass multi-year grid delays, prioritizing deployment speed over the cheapest megawatt.
- Permits and disclosures trace roughly 8 GW to named sites, including Amazon’s 280-engine Pennsylvania campus, Oracle/OpenAI’s Texas campus, and a disclosed $493M Liberty contract.
- INIO shipped 3.4 GW last year, is building toward 10 GW annually, and services generated about half of revenue, turning installations into long-duration maintenance annuities.
- At ~$12B, INIO guides to $3.8–3.9B revenue and ~$730M adjusted EBITDA; Bloom is ~$74B on similar revenue, while FPS is ~$10.4B on $1.4B and negative FCF.
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