$ERock, Inc.(EROC)$ Enchanted Rock (EROC) is sitting on a fortress of liquidity following its IPO. According to their latest Q2 2026 financial reporting: unrestricted cash of $626.6 million, total cash and restricted cash of $660.9 million, which includes roughly $34.2 million in restricted cash. Debt status: zero debt outstanding, with the IPO net proceeds of $554 million used to entirely wipe out prior term loans and settle convertible notes. Additional credit: a $250 million senior secured asset-based revolving credit facility is completely undrawn and available as dry powder. Having over $625 million in pure cash with zero debt gives them a massive war chest to fund the manufacturing scale-up for their massive data center and microgrid backlog without needing to scramble for expensive capital. Next $Bloom Energy Corp(BE)$ $IREN Ltd(IREN)$
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