Target Hospitality Secures $35M Contract, Shares Rise
Update: 2025-12-04
Description
Target Hospitality secures a $35 million contract for worker housing in Nevada, marking a significant win for the company. The deal, set to begin in June 2026, involves building and running facilities for up to 250 workers crucial for mining and data center projects. This brings their total for new multi-year agreements announced in 2025 to over $530 million. Despite initial volatility, the stock has shown strong long-term growth, with a $1000 investment five years ago now worth nearly $5000.
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