Why Is EQUIPMENTSHARECOM IN A (EQPT) Stock Up Today?

EquipmentShare (EQPT) shares rose 15.26% to $15.60, driven by strong third-quarter results that highlighted a 55% surge in revenue to nearly $1.5 billion. The company attributed the growth to fleet expansion and rising demand for data center power, while issuing guidance for $5.9 billion in 2026 revenue.

What Happened

EquipmentShare reported that its rental growth accelerated significantly during the quarter, with revenue climbing sharply as fleet growth and data center demand carried the results. Management outlined a strategic plan to expand natural gas power capacity to nearly 1 gigawatt. The company set targets for $5.9 billion in revenue and $2.2 billion in adjusted core EBITDA for the full year 2026.

Despite the positive earnings report, several analysts adjusted their outlooks. Wells Fargo lowered its price target to $17 from $19, citing leverage concerns, while maintaining an Overweight rating. Truist Securities cut its price target to $24 from $31. These adjustments occurred alongside the company's earnings release, which included a detailed transcript of the Q3 2026 earnings call.

What The Data Shows

The stock opened at $13.70, a 1.2% gap up from the prior close of $13.54. It reached a session high of $15.65 at 12:40 PM ET and a low of $13.62 at 9:30 AM ET. Volume stood at 2.8 million shares, which is 0.8 times the three-month daily average. The company has a market capitalization of $4.1 billion and a P/E ratio of 95.5. Trailing twelve-month revenue grew 25.5%, while the net margin was 0.7%.

The 52-week range is $12.41 to $35.50. Over the last eight sessions, the stock had fallen 21.2% from $17.18 to $13.53 before this move. Recent insider activity shows five buys totaling $1.3 million and two sells totaling $45.4 million in the last 90 days. Founder and CEO Jabbok Schlacks purchased shares on September 14, 2026, following buys by Founder and President William J. Schlacks on September 2 and by Jabbok Schlacks on August 28.

What To Watch

Investors will monitor how the market digests the new 2026 guidance and the analyst price target revisions. The stock's ability to sustain its current level after a recent 21.2% decline over eight sessions remains a key factor to observe.