Conversion And Permitting RiskConverting open capacity into contracted revenue depends on customers clearing permits, securing land and gas access, and completing construction, creating execution risks that can delay revenue.
Equipment Delivery DelaysSlower equipment delivery timing reduces expected capacity growth and forces analysts to lower ramp assumptions, slowing operational expansion.
Margin Pressure From Re-rented EquipmentElevated reliance on re-rented turbines increases cost mix and compresses gross margins, weighing on profitability until owned fleet share improves.