VNET Group stock price jumps in premarket after Jefferies call; what investors watch next
VNET shares rose 3.6% to $14.03 in premarket trading Thursday after a 12.2% jump Wednesday, with volume doubling to 12.5 million shares. Jefferies reiterated a Buy rating and cited new power capacity in Ulanqab and a possible hyperscaler contract. Investors are watching for updates on funding and customer wins ahead of VNET’s March 11 earnings report.