Nebius Group plans 310 MW AI data center in Finland, stock surges on infrastructure expansion

Nebius' Upcoming 310 MW AI Factory in Finland: Growth Catalyst Ahead?

Nebius Group N.V. NBIS is doubling down on its infrastructure expansion plans with the building of an AI factory with a capacity of up to 310 MW in Finland. Share price shot up 12.5% yesterday following the announcement. This factory will be set up in the city of Lappeenranta and will become "one of Europe's largest dedicated AI factories" once fully operational, highlighted Nebius. The first capacity is expected to be available in 2027. The Lappeenranta project marks a significant step toward Nebius' broader goal of securing more than 3 gigawatts of contracted power globally by 2026. Nebius has already achieved 750 MW of contracted power in EMEA. The company is also advancing parallel projects in the region, including a 240-MW AI factory near Lille, France. NBIS plans to build more facilities in Finland as it aggressively expands capacity. Last month, Nebius secured approval to build its first gigawatt-scale AI factory in Kansas City, MO. Nebius Group N.V. price-consensus-chart | Nebius Group N.V. Quote This is NBIS' second venture in Finland this year, following the establishment of a data center in Mäntsälä, up to 75 MW, earlier in the year. That facility already hosts "Europe's first operational deployment" of NVIDIA's GB300 NVL72 platform, with plans to introduce next-generation NVIDIA Vera Rubin NVL72 systems later this year, added NBIS. NBIS' AI factory deployments with the latest Blackwell and Rubin generations of NVIDIA position it to support advanced AI training and inference workloads. These facilities, including the Lappeenranta project, stand out as a key growth catalyst in its long-term strategy. Having secured more than 2 GW of contracted power, Nebius plans to surpass 3 GW and remains on track to deliver 800 MW to 1 GW of data center capacity by the end of 2026. For 2026, the company expects revenues of $3 billion to $3.4 billion, with an annualized run-rate revenue target of $7 billion to $9 billion by year-end. However, Nebius needs to watch out for intense competition in the AI infrastructure space from tech behemoths such as Amazon $AMZN AMZN, Microsoft $MSFT, Alphabet $GOOGL and pure plays like CoreWeave CRWV. For 2026, the company expects capital expenditures of $30 billion to $35 billion and plans to double active power capacity to more than 1.7 GW. Amazon is one of the structurally dominant forces in the tech space. The company added 1 GW of capacity in the fourth quarter of 2025 and 3.9 GW over the past 12 months. It expects to double the overall capacity by 2027. On the last earnings call, management noted that the company was adding "significant" EC2 core computing capacity daily, powered by its custom silicon, including Graviton CPUs. To support this growth, Amazon plans to invest approximately $200 billion in capital expenditures, with the majority directed toward AWS infrastructure. These heightened capex commitments are likely to keep investors on alert. Image Source: Zacks Investment Research On a price-to-book basis, NBIS' shares are trading at 5.66X, above the Internet Software Services industry's 3.15X. Image Source: Zacks Investment Research The Zacks Consensus Estimate for NBIS' earnings for 2026 has been revised downwards over the past 60 days. Image Source: Zacks Investment Research NBIS currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Nebius Group Stock Jumps Thursday: What Investors Need To Know - Nebius Group (NASDAQ:NBIS)

Nebius Group stock is charging ahead with explosive momentum. What's fueling NBIS momentum? Finland AI Data Center Plan Adds Scale To Expansion Story NBIS fell to about $90 late Monday before climbing to over $108 by Thursday's close, a rebound of roughly 21% in just a few sessions. That kind of move suggests traders may be refocusing on the company's recent execution and expansion updates rather than the early-week weakness. One key catalyst came Tuesday, when Nebius said it plans to build a 310-megawatt AI data center in Lappeenranta, Finland, with initial capacity expected in 2027. The company said the site would be one of Europe's largest AI compute facilities and part of its broader push to exceed 3 gigawatts of contracted power by 2026. Nebius also said the project will use advanced Nvidia platforms and energy-efficient cooling systems. AI Cloud Upgrades And Fresh Capital Support Growth Narrative Additionally, on March 23, the company announced the closing of a private convertible notes offering with aggregate gross proceeds of about $4.3375 billion, with proceeds earmarked for data center construction, AI cloud expansion and GPU procurement. NBIS Reclaims Short-Term Moving Averages As Momentum Improves Nebius Group shares have traded in a volatile range between roughly $73.97 and $135.46 over the past six months, with multiple sharp swings but no sustained breakout above prior highs. The stock is currently trending back above its 20-day and 50-day moving averages, while remaining well above the rising 200-day average, suggesting improving short-term momentum within a still-intact longer-term uptrend. Analysts Stay Bullish On NBIS With Upside To $164.40 Average Target Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $164.40. Recent analyst moves include: B of A Securities: Initiated with Buy (Target $150.00) (March 24) DA Davidson: Buy (Raises Target to $200.00) (March 16) BWS Financial: Buy (Raises Target to $200.00) (March 16) NBIS Shares Climb Thursday NBIS Price Action: Nebius Group shares closed higher by 6.74% to $108.82 Thursday, according to Benzinga Pro data. Image: Shutterstock This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.