RenX Enterprises shares surge 10.69% intraday after new Florida disposal agreement boosts recurring revenue and operating leverage.

RenX Enterprises surged 10.69% intraday following the announcement that its subsidiary, Resource Group US LLC, secured a disposal services agreement with a Florida-based commercial landscaping operator. The ticket-based contract, involving organic waste processing at a Sarasota facility, provides transaction-level cash flow visibility and recurring feedstock for biomass conversion operations. The company highlighted the agreement as a strategic win amid rising landfill costs and regulatory pressures, emphasizing potential margin expansion and utilization of its processing infrastructure. Management’s comments on enhanced operating leverage and durable revenue streams further reinforced the bullish outlook, aligning with the stock’s sharp intraday gain.