ERock initiated with an Outperform at Evercore ISI

Evercore ISI analyst Nicholas Amicucci initiated coverage of ERock (EROC) with an Outperform rating and $28 price target The firm estimates ERock’s bridge-to-flex approach to modular, natural gas distributed power systems will enable its installed base to scale from about 1 GW today to 9 GW-plus by 2030, which the firm notes is about twice the rate of the broader power industry.

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