APLD

In the past six months (March-September 2026), APLD stock showed volatility, trading around $27-$28 in September. It experienced a 4.6% drop on September 23, 2026, and received a "strong sell" downgrade from Zacks, but a "market outperform" reissuance from Citigroup. Q4 2026 revenue was $258.7 million, up 407% year-over-year, significantly beating estimates, though EPS missed. Wells Fargo initiated 'Overweight' coverage with a $50 price target. The company's contracted lease backlog exceeded $23 billion, with total long-term lease value reaching $36 billion across five campuses, supported by 15-year take-or-pay leases with major hyperscalers. As of September 2026, it held $4.2 billion in cash against $5.0 billion in debt.