NEW YORK, December 31, 2025, 04:53 ET — Premarket
- Shares were up about 0.1% premarket after a 14% rally in the prior session.
- FTAI launched “FTAI Power” to convert CFM56 jet engines into 25-megawatt turbines for data centers, targeting production in 2026.
- Jefferies said the new platform could scale to $750 million-plus in annual EBITDA at maturity.
FTAI Aviation Ltd. shares hovered near $200 in early premarket trading on Wednesday, up about 0.1% after surging 14.4% in the prior session. The stock closed Tuesday at $197.68 after touching $199.88 intraday.
The rally matters because it adds a new growth narrative to a company best known for aircraft engines. Investors have chased “power-adjacent” names as artificial intelligence drives a wave of data-center construction and electricity demand.
The pitch from FTAI is speed. The company is offering a way to repurpose existing aviation hardware into power generation, rather than waiting years for new equipment and grid-ready capacity.
FTAI said on Tuesday it launched FTAI Power, a platform to convert CFM56 aircraft engines into power turbines aimed at data centers. It said the product is designed around a 25-megawatt unit, with production expected to begin in 2026, and that it expects capacity to exceed 100 units annually once scaled using a fleet of more than 1,000 engines.
An “aeroderivative” turbine is a gas turbine built from an aircraft-engine core and adapted to run as stationary power equipment. The approach tends to favor smaller, modular installations that can be deployed faster than large, utility-scale turbines.
Jefferies analyst Sheila Kahyaoglu wrote that the conversion architecture has been in development for more than a year and that “this could be worth $750M+ of EBITDA/yr at full-rate.” EBITDA is a measure of cash earnings before interest, taxes, depreciation and amortization. StreetInsider.com
The move drops FTAI into a crowded power market at a tense moment for supply. Established turbine suppliers such as GE Vernova and Siemens have flagged heavy order backlogs as developers try to secure generation for data centers and industry.
For equity traders, the immediate question is whether Tuesday’s re-rating holds once regular trading opens. The stock’s push toward the $200 level also puts a spotlight on how quickly the company can turn a technical concept into deliveries and service revenue.
FTAI’s core business remains tied to the commercial aviation aftermarket, with operations spanning engine leasing and aerospace products tied to CFM56 and V2500 engines, according to a company profile.
Execution risk is the next debate on desks. Investors will want specifics on certification needs, manufacturing cadence, and whether parts supply agreements built for aviation translate cleanly to power-generation uptime demands.
