Erock Inc. jumped 22.84% to $13.82 on Wednesday following a major equipment deal with Anthropic. The onsite power solutions provider secured a 470-MW order from Anthropic, pushing its contracted power system sales backlog to $1.7 billion and extending production commitments through 2028. The rally came despite weak second-quarter results. Erock posted net losses of $67.7 million, up 748% year-on-year due to IPO-related charges, whilst revenues fell 42% to $39.88 million. CEO John Carrington highlighted AI infrastructure's impact on power markets. The company began operations at its Hyperion manufacturing facility and started construction on a 366-MW project supporting Meta's data centre campus. For the full year, Erock targets revenues of $435 million to $465 million and adjusted EBITDA of $3 million to $9 million.

J.P. Morgan has identified two recent IPO stocks with significant rebound potential despite post-listing struggles. ERock (EROC), which provides utility-scale power solutions for data centres and critical infrastructure, has fallen 42% since its June IPO that raised $600 million. J.P. Morgan analyst Mark Strouse rates it Overweight with a $24 price target, implying 122% upside. The company's natural gas-fired modular power systems address growing demand for backup power as grid reliability faces pressure. Wise (WSE), the fintech firm processing cross-border payments, has dropped 18% since moving its primary listing to Nasdaq in May. Despite regulatory scrutiny in Belgium, the company reported $2.5 billion revenue and $660.4 million pre-tax income in fiscal 2026. J.P. Morgan analyst Craig McDowell maintains an Overweight rating with a $17.50 target, suggesting 37% upside. Both stocks have Strong Buy or Moderate Buy consensus ratings from Wall Street analysts.