RenX Enterprises shares surge 52.22% premarket after acquiring $2.54M equipment to boost processing efficiency and revenue growth.

RenX Enterprises surged 52.22% in premarket trading following the announcement of a $2.54 million equipment purchase and a 2,700% year-over-year revenue growth. The company acquired a Komptech Crambo shredder and a Diamond Z horizontal grinder to enhance processing efficiency and scale operations, citing improved throughput and incremental revenue during the rental period. Despite adding to its $26 million debt burden, the move aligns with the company’s strategy to invest in high-utilization assets. Additional catalysts included a 25% compost price increase with a major customer and the acquisition of a patented Micotec Mill expected in 2026. These developments signaled operational momentum and growth potential, driving investor optimism ahead of the market open.