Zacks Initiates Coverage of TUSK With Neutral Recommendation

Zacks Investment Research initiated coverage of Mammoth Energy Services (TUSK) with a Neutral rating. The company is transitioning toward recurring aviation leasing revenues with expanding portfolio and improving financial performance, including 95% revenue growth and rising EBITDA margins. However, substantial capital requirements, weak underlying profitability, and cash flow pressures warrant caution. The stock trades at discounts to peers on valuation metrics.