ERock's coming inflection should force the market to reprice it, supporting a $25 target by the end of 2027. It has a $1.7 billion backlog, is expected to grow revenue more than 200% in 2027 to over $1 billion, and is on a path to about $100 million of free cash flow. The shares have fallen 15% since the call, but the thesis is unchanged; if the 2027 numbers arrive, a higher valuation is only a matter of time. x.com 

ERock is still valued like a small, unproven power company just as it becomes a rapidly scaling AI power infrastructure business serving Anthropic, supporting a $25 target by end-2027. It has a $1.7B backlog and a potential path to about $100M of free cash flow in 2027; if it converts that backlog as expected, today's valuation is remarkably cheap. x.com