10 Best NYSE Penny Stocks To Buy

5. Custom Truck One Source, Inc. (NYSE:CTOS)

Share Price as of June 27: $4.35

Number of Hedge Fund Holders: 13 

Custom Truck One Source, Inc. (NYSE:CTOS) offers specialty equipment rental and sale services and runs through Equipment Rental Solutions, Truck and Equipmsegments, and Aftermarket Parts and Services segments.

Custom Truck One Source, Inc. (NYSE:CTOS) makes effective use of its scale and integrated business model to offer superior customer service and cost-effective solutions. With a fleet exceeding 10,000 units and an average age of 3.7 years, the company provides high reliability and operational efficiency to its clients. The strategic placement of over 40 operational locations, up from 35 at the end of Q3 last year, including recent acquisitions like SOS Fleet Services and AMD Maintenance and Repair, strengthens its service coverage and market penetration, especially in underserved regions like the Gulf Coast and New York City metro area.

Custom Truck One Source, Inc. (NYSE:CTOS) is well-positioned to capitalize on favorable industry tailwinds, including federal infrastructure investments and advancements in electrification and data center development. The company’s planned stance on regulatory changes, such as upcoming chassis emission regulations, is evidence of its readiness to meet evolving customer demands and regulatory requirements.

According to our database, 13 hedge funds held stakes in Custom Truck One Source, Inc. (NYSE:CTOS) in the first quarter, with positions worth $26 million. Additionally, Wall Street analysts have an average price target of $7.1, representing a 63% upside to the stock price from June 27 levels.