Movement Alert|Everpure Rises 5.12% Overnight, Second Hyperscaler Supply Contract Secured Alongside Dual Investment Bank Upgrades

Market Focus08:11

On August 11, Everpure rose 5.12% overnight, trading at $103.0/share, with turnover of $2,266.24.

On the news front, Everpure announced a second design and supply contract with an undisclosed top-five global hyperscaler, which will become a significant contributor to revenue starting in fiscal 2028. The contract leverages the company's advanced software-powered DirectFlash technology to optimize hyperscale storage. Meanwhile, two major investment banks issued upgrades: Morgan Stanley raised its rating from Equal-Weight to Overweight with a target price lifted from $87 to $108, while Susquehanna upgraded from Neutral to Positive with a target price increased from $85 to $120. Both firms cited Everpure's product portfolio as well-positioned to meet hyperscale data center storage demand, with approximately two-thirds of revenue growth driven by volume and market share expansion.

Everpure is scheduled to report fiscal Q2 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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