$NBIS
NEBIUS GETS THE VINELAND NEW JERSEY DATACENTER APPROVED.
DA Davidson decreased their PT from $250 to $175 last week on fears the site would not get approved.
Today, they raised it back to $250.
“The approval of the Vineland data center “removes a significant risk” from Nebius, the analyst tells investors in a research note. The firm says that instead "becoming the poster child for data center delays," Nebius can go back to construction on the site.”