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Stock impact report

MYR Group: Demand Tailwinds And EPS Growth [Seeking Alpha]

MYR Group, Inc. (MYRG) 
Last myr group, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.myrgroup.com/investor-relations
Company Research Source: Seeking Alpha
The Company benefits from the clean energy transition, the need to improve the grid, and expected increasing electricity consumption, all of which are multi-year trends in my view. I rate MYRG a 'Buy', and I would own it in a diversified portfolio. MYR Group Inc. ( NASDAQ: MYRG ) is a holding company of leading specialty contractors that service the electric utility infrastructure, commercial and industrial construction markets in the U.S. and Canada. The company has two business segments, a Transmission & Distribution segment ("T&D") and a Commercial & Industrial segment ("C&I"). In 2023, MYR Group's T&D segment had full year revenue of $2.09 billion and the C&I segment had revenue of $1.55 billion. Since 2020, MYR Group's stock price has done really well, rising from around $32.43 in the beginning of 2020 to around $176.60 as of March 28. Since 2018, MYR Group's financials have benefited from growing demand given tailwinds from the clean energy transition, and increasin Show less Read more
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