Erock Inc. (NYSE:EROC) jumped by 22.84 percent on Wednesday to finish at $13.82 apiece amid the long-term growth prospects from its recent deal with Anthropic that boosted its backlog to close to $2 billion. In an updated report on the same day, the onsite power solutions provider said that it bagged a 470-MW equipment order […]

Shares in on-site power provider ERock soared nearly 23% on Wednesday after the company said that Anthropic had placed a big order. ERock, which sells natural-gas power systems to data centers and others that need on-site power or backup generation, said Anthropic was ordering 470 megawatts of equipment. ERock also said it had started construction on a 366-megawatt generation facility for El Paso Electric, which will support a Meta Platforms data-center campus.

Anthropic’s agreement to buy ERock’s modular gas-fired generators is the power-generation company’s largest contract to date.

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Okta upgraded, Datadog downgraded: Wall Street's top analyst calls

ERock (NYSE:EROC) completed its IPO, raising capital to support its power systems business. The company simplified its equity structure through equity repurchases and restructurings in connection with the listing. ERock adopted new bylaws and a revised certificate of incorporation as part of its transition to public company status. A new, independent board of directors has been established, with clearly defined committee roles. ERock, now trading as NYSE:EROC, operates in the power systems...

ERock delivers deployable off-grid natural gas generation systems, helping tech giants bypass grid delays to instantly power artificial intelligence networks.

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