0140 GMT - Macquarie disagrees with investors who think data-center owner NextDC could soon be seeking to raise equity again. "We think NextDC can debt-fund for two years without more contract wins," Macquarie says. It contends that alternative growth funding is more attractive. Macquarie notes that third-party capital is now taking direct stakes in individual developments, pointing to Canada Pension Plan Investment Board investing in a Canadian asset alongside Northleaf. "Alternative funding is not just a source of capital, but can drive return on equity and provide NextDC with growth optionality," says Macquarie, which retains an outperform call on the stock. NextDC is up less than 0.1% at A$12.945.(david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

January 21, 2026 20:40 ET (01:40 GMT)

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