Kirby Corporation: Cashing In On AI Boom
Kirby Corporation is experiencing significant growth due to increased demand in power generation, particularly from AI and data centers. The company's power generation segment reported a 45% year-over-year revenue increase in the first quarter of 2026. Despite some challenges with supply constraints, Kirby's diversified revenue streams position it well for continued success.
- ▪Kirby Corporation's power generation segment posted 45% year-over-year revenue growth in Q1 2026.
- ▪The power generation segment is expected to account for 45-55% of total revenues.
- ▪The company is rated 'Buy' based on its strong order growth driven by AI and data center demand.
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