On August 11, Everpure rose 8.6% in regular trading, trading at approximately 105.5 USD/share, with turnover of 6.30 million USD.
On the news front, the company announced a second design and supply contract with an undisclosed top-five global hyperscale cloud computing customer. The agreement leverages Everpure's DirectFlash technology to optimize hyperscale storage and is expected to become a significant revenue contributor starting fiscal 2028. The first such contract was announced in late 2024.
Adding momentum, Morgan Stanley upgraded Everpure from Equal Weight to Overweight with a target price increase from 87 USD to 108 USD, while Susquehanna raised its rating from Neutral to Positive, lifting its target from 85 USD to 120 USD. Both firms highlighted that approximately two-thirds of revenue growth is driven by volume strength and share gains across enterprise and commercial segments, with fundamental upside potential despite conservatively framed guidance.
Everpure is scheduled to report fiscal Q2 earnings on August 26, with consensus estimates at 1.1 billion USD in revenue and adjusted EPS of 0.58 USD.
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