Bank of America upgraded ERock from Neutral to Buy with a $16 price target. The US bank was attracted by the 470-megawatt power supply contract signed with Anthropic, whose planned IPO in October 2026 could amplify growth prospects. This contract pushed ERock’s confirmed order backlog to approximately $1.7 billion. The stock surged 23% following the upgrade announcement, but the price target remains below the IPO price of $21.50 completed in June.
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