Keel Infrastructure is trading at $22.22 (7% down) following a sharp post-earnings slide and heightened balance-sheet worries.
- The company reported a widened operating loss and a Q1 2026 revenue miss, fueling concerns over cash burn and its current debt load.
- Investors are reacting to project delays and cost overruns in the AI/data-center build-out, as well as the lingering impact of a $400 million convertible notes deal.