New York, Feb 12, 2026, 09:24 EST — Premarket
- VNET shares pushed higher, stretching their rally just before the Nasdaq bell.
- Jefferies’ note kept the spotlight on the China data-center ADR.
- Investors want answers on power capacity, major customer deals, and how the company plans to fund operations.
VNET Group, Inc’s U.S. shares (VNET.O) added 3.6% in premarket action Thursday, ticking up to $14.03. That move followed a sharp 12.2% rally on Wednesday, which took the stock to $13.54. Trading volumes spiked as well, with nearly 12.5 million shares changing hands—about twice what moved the day before. 1
VNET’s sharp move has shoved the stock back into the AI-infrastructure spotlight. Data-center operators aren’t just chasing clients—electricity supply and ready-to-go space are just as critical, since contracts typically depend on the wattage a facility can provide.
This stock reacts fast to even minor headlines. Fresh details on power capacity or a big client win can upend forecasts for spending, project timing, and margins. Traders now have an eye on whether Wednesday’s jump sticks once after-hours trading begins.
StreetInsider reported that Jefferies’ Edison Lee is sticking with his Buy call on VNET, leaving the price target steady at $27.22 this Tuesday. 2
Jefferies noted VNET had locked in over 100 megawatts of extra power capacity in Ulanqab and sees a likely announcement soon: the company could be landing a hyperscaler contract ranging from 150 to 250 megawatts, according to Investing.com. 3
“Hyperscaler” refers to a major cloud or internet firm snapping up massive amounts of data-center space in bulk. In this business, the megawatt stands in as the go-to measure—essentially shorthand for the total IT load a site can handle.
VNET, the Chinese IDC operator, last posted earnings in November. Third-quarter net revenue climbed 21.7% from a year earlier and the company raised its full-year outlook. “We delivered another strong quarter,” interim CEO Josh Sheng Chen said, highlighting growing AI-fueled demand. 4
The news puts renewed focus on other U.S.-listed China data-center stocks, which investors typically use as stand-ins for trends in local cloud and AI investment. Sentiment can turn sharply on even small signals.
Still, it’s a precarious position. Simply Wall St points out that the company has under a year’s worth of cash runway, which throws the spotlight back onto funding and execution risks just as new capacity comes online. 5
Traders are eyeing VNET to see if it can keep its footing above $14 after the bell. The focus: any new disclosures that might lend weight to chatter about power expansion and a big customer in the mix.
The real test comes with VNET’s fourth-quarter earnings, due March 11, Public.com shows. Contract wins, capex details, and VNET’s funding plans for upcoming expansion—all on the docket for investors. 6
