Exciting news on the listing of EROC. ERock, Inc. — formerly known as Enchanted Rock — is a Houston-based provider of utility-grade distributed power generation systems, supplying onsite microgrid solutions to data centres, utilities, and commercial and industrial customers across the United States. The company began trading on the New York Stock Exchange under the ticker "EROC" on June 10, 2026.

EROC is available on the Raseed platform $EROC

Key Facts:

  • Founded in 2006 and headquartered in Houston, Texas, ERock (formerly Enchanted Rock) designs, deploys, operates, and maintains modular distributed power generation systems. The company commissioned its first distributed power system in 2011 and has grown to over 2,000 deployed units across approximately 400 operational sites across nine US states, with an installed base of approximately 1,000 MW.

  • ERock's systems serve three core applications: bridge power (temporary power during grid connection build-out), backup resiliency (protection against grid outages), and dispatchable flexible-capacity (on-demand power for grid operators). The company is directly positioned at the intersection of AI data centre demand and the US power grid capacity shortage — its natural gas microgrid systems deploy in 12–18 months versus eight-year backlogs for conventional turbine suppliers such as GE Vernova, Siemens Energy, and Mitsubishi Power.

  • Key customers include Microsoft, Wistron, Foxconn (data centres), Entergy, ComEd (utilities), H-E-B, and Walmart (commercial and industrial). Primary markets are Texas and California — both facing acute grid reliability risk from rapid data centre and industrial load growth.

  • Full-year 2025 revenue: $183.1 million (+42.5% year-on-year). Q1 2026 revenue: $31.74 million (+31.6% year-on-year). Contracted sales backlog as of March 31, 2026: approximately $1.3 billion — a 779% year-on-year increase. The company is operating at a net loss: $59 million for FY2025, $17.2 million for Q1 2026.

  • ERock manufactures proprietary engines and generators at its Titan facility in Houston and is expanding capacity through the new Hyperion facility, also in Houston, targeting 1.2 GW annual assembly capacity by end of 2026.

  • Geographic operations: Nine US states, concentrated in Texas and California.

  • Key investors: Energy Impact Partners.

  • IPO information: 27,906,977 Class A shares offered. Underwriters hold a 30-day option to purchase an additional 4,186,046 shares.

  • IPO Price: $21.50 per share (midpoint of $20.00–$23.00 range). SEC registration declared effective June 9, 2026. NYSE listing approved June 9, 2026.

  • Total raise: Approximately $600 million.

  • IPO Valuation: Approximately $4.7 billion.

  • Stock symbol: EROC

  • Exchange: New York Stock Exchange (NYSE).

  • Underwriters: Morgan Stanley (lead), J.P. Morgan (lead), Barclays, BofA Securities, Evercore ISI, Guggenheim Securities, Wolfe | Nomura Alliance, BNP Paribas.

Website: erock.com

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