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Target Hospitality Jumps As Data Center Boom Fuels Demand For Worker Camps
Target Hospitality Jumps As Data Center Boom Fuels Demand For Worker Camps
Target Hospitality shares jumped in premarket trading after the company announced a new contract to provide mobile housing solutions and related hospitality services for workers at data center construction projects.
The 48-month contract could generate upward of $750 million in revenue for Target Hospitality, which builds, owns, leases, and operates large temporary or semi-permanent "communities" for workers of major projects. The contract covers 3,370 beds.
Historically, Target Hospitality generated revenue from energy, natural resources, and government-related customers, but since the...
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