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FTAI Aviation Ltd. (NASDAQ:FTAI) shares rose 12.3% following the announcement of its new platform, FTAI Power, which will convert CFM56 aircraft engines into 25-megawatt aeroderivative gas turbines for data centers.

Production is expected to start in 2026, with plans to produce over 100 units annually. FTAI aims to leverage its existing fleet of over 1,000 CFM56 engines and extensive maintenance capabilities to meet the growing electricity demands from AI hyperscalers.

Analysts anticipate this initiative could generate over $750 million in EBITDA at full capacity. Wolfe Research maintained an 'Outperform' rating with a price target of $225. S&P Global Ratings upgraded FTAI to 'BB' and projected revenues could reach $2.6 billion by 2025. Moody's confirmed a Ba2 rating, citing improved performance and business model changes.