** Wells Fargo initiates construction tech firm EquipmentShare.com EQPT.O with an "overweight" rating; sets PT of $41

** Says construction machinery supply is tight, lead times for new equipment are rising and U.S. non-residential construction green shoots are emerging, positioning EQPT to benefit from fleet growth

** Adds that supply-driven recovery is broadening, with emerging visibility on demand-driven upside

** Says EQPT has grown from 133 to 352 sites in three years, applying a proven greenfield playbook systematically at each location

** Including session's moves, EQPT up 16.2% since its debut on January 23