Everpure, Inc. reported a 38% year-over-year revenue increase to $1.19 billion on August 26. The company raised its full-year sales guidance following accelerating demand from AI hyperscalers.
CEO Charlie Giancarlo highlighted significant market share gains during an August 28 interview. The company’s as-a-service offerings grew 120% as a primary growth driver.
Bank of America upgraded Everpure from Neutral to Buy. Analysts raised the price target to $150 from $90, citing robust demand and an expanding market opportunity.