What was ERock's valuation and IPO performance on its NYSE debut, and how did its share price compare to the offer price?

ERock was valued at $5.49 billion on a fully diluted basis upon its NYSE debut, where its shares fell 6.5% and opened at $20.10—below the $21.50 offer price. The company raised $600 million in its U.S. IPO.

How much of ERock's sales backlog is tied to AI data center projects, and what major client project exemplifies this exposure?

Approximately $1.1 billion of ERock's $1.28 billion contracted power system sales backlog—as of March 31—was linked to AI data center projects. The company is working with El Paso Electric to provide 366 megawatts of onsite power generation for Meta's $10 billion AI data center in El Paso.

ERock Valued at $5.5 Billion as Energy Firm's Shares Fall in NYSE Debut

Jun 10, 2026

Gas generator maker ERock debuted on the NYSE with a $5.5 billion valuation despite a 6.5% share drop, citing surging demand from AI data center power projects.

reuters

2026-06-10

ERock Valued at $5.5 Billion as Energy Firm's Shares Fall in NYSE Debut

ERock Valued at $5.5 Billion as Energy Firm's Shares Fall in NYSE Debut

FAQ