On August 13, Everpure rose 5.07% in regular trading, trading at $117.05/share, with turnover of $65.57 million. The stock continued its upward momentum driven by a second hyperscaler supply agreement and dual investment bank upgrades announced earlier this week.

The company secured a second design and supply contract with an undisclosed top-five hyperscaler, utilizing its DirectFlash technology to optimize hyperscale storage. The contract is expected to become a significant revenue contributor starting in fiscal 2028. Morgan Stanley upgraded Everpure from Equal-weight to Overweight with a target price raised to $108 from $87, while Susquehanna upgraded from Neutral to Positive with a target lifted to $120 from $85. Both institutions cited the company's product matrix as fully capable of meeting hyperscale data center storage demands, noting approximately two-thirds of revenue growth is driven by volume and share expansion.

Everpure is scheduled to report fiscal second-quarter earnings on August 26 after market close, with consensus estimates of $1.1 billion in revenue and adjusted EPS of $0.58.

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