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CV Research
@CVResearch_
Deep dives on the stocks for the long run. Full thesis and thoughts on substack. By @CKCapitalxx + @VantixResearch
加入 June 2026
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Reminder that $INIO reports tomorrow morning, with the call at 8:00 AM ET. A recap of the setup from our deep dive, The Grid Can Wait, The Data Center Can’t: -Backlog grew from $1 billion to $6.6 billion in 18 months, with 15GW+ of engines committed into 2031 -Customers prepaid $1.4 billion, in an industry where nobody prepays for engines -VoltaGrid’s 2.3GW order was the largest in company history, with Amazon running 280 Jenbachers in Pennsylvania and 620 more across Vantage, Oracle, and OpenAI sites -Capacity path toward 10GW per year by 2030 -Full-year guidance stands at $3.8 to 3.9 billion, and last quarter beat on both lines The Street looks for roughly $1.04 billion in revenue and $0.11 in EPS. What we are watching is not the quarter, it is the backlog number, whether prepayments keep climbing, any update on the capacity expansion timeline, and whether the full-year guide moves up. One structural note from the deep dive worth repeating into the print, the float is roughly 14% of shares, so the reaction in either direction will be amplified.
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