P Stock Jumps 10% On Tuesday— Jana Partners Builds New Activist Stake In Everpure, Says Report

Everpure Inc (NYSE:P) shares rose 6.9% after-hours after raising its fiscal 2028 revenue outlook to $7.0B-$7.3B (39%-45% YoY growth) and projecting non-GAAP operating income of $1.7B-$1.9B (80%-100% YoY growth). The company also reaffirmed fiscal 2027 guidance and outlined four strategic growth areas.

Illumina (ILMN), Bloom Energy (BE), and Everpure (P) will join the S&P 500 on 21 September 2026, replacing Molson Coors (TAP), The Trade Desk (TTD), and Builders FirstSource (BLDR). All three stocks gained in after-hours trading, with Bloom Energy rising up to 7.5%. Illumina reported $1.159B revenue for Q2 2026, up from $1.059B a year earlier, and improved earnings per share. Bloom Energy has seen a 191% rally over the past year, driven by AI data-center demand.

Everpure (NYSE: P) reported fiscal Q2 sales of $1.2B and EPS of $0.70, beating estimates. Despite raising full-year guidance, its stock fell 14% due to concerns over product gross margins, which were at the lower end of its long-term range. The company attributed this to market share strategies.

Everpure Inc (NYSE: P) reported Q2 FY27 revenue of $1.186B, up 38% YoY, beating estimates. Non-GAAP EPS was 70 cents vs. 58 cents expected. Operating profit rose 77% to $230M. The company raised FY27 revenue guidance to $5.03B-$5.07B. Shares fell 7.62% despite positive results. Analysts raised price targets, citing strong pipeline and confidence in management's guidance.

Everpure (NYSE:P) reported Q2 revenue growth of 38% to $1.19B, with product and subscription revenue up 54% and 20% respectively. Operating income rose, but operating cash flow turned negative. The company raised its fiscal 2027 revenue outlook to $5.03-$5.07B, citing strong demand and future hyperscale deployments. However, cash conversion remains a concern due to strategic purchases and higher expenses.

Everpure Inc (NYSE:P) reported Q2 revenue of $1.186B (+38% YoY) and EPS of $0.70, beating estimates. Analysts raised price targets (Wedbush: $130, Needham: $140, Guggenheim: $150). Management increased FY guidance to $5.03B-$5.07B revenue and $940M-$960M operating profit. Shares fell 7.62% to $100.60.