
Custom Truck One Source (CTOS) remains a BUY, supported by strong fundamentals and robust power grid buildout driven by AI and infrastructure demand. CTOS delivered a beat-and-raise 2Q26, with revenue up 10.2% and adjusted EBITDA up 25% year-over-year, prompting raised full-year EBITDA guidance. The rental equipment segment drives 76% of EBITDA, benefiting from high operating leverage, pricing power, and a defensible competitive moat.










