United Rentals, Inc. (URI) in Greenwich, Conn, is an equipment rental company. It recently announced a new agreement with Ford Pro to purchase all-electric vehicles for its North American rental and company fleets to help its rental customers meet their greenhouse gas reduction goals. It also lifted its 2022 outlook for total revenues, adjusted EBITDA, and free cash flow due to strong customer sentiment and solid project activity.
The stock has declined 12.4% in price over the past six months to close yesterday’s trading session at $312.68.
