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Stock impact report

Margin Recovery Brightens MYR Group's Electrical Contracting Profit Growth (Upgrade) [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
Details now still aren't perfect. But strong recovery is now very visible. Given that, and what we know about MYRG's business and prospects, I now feel comfortable upgrading the stock from 'Hold' to ‘Buy.'. Data center building is a clear catalyst. But many fear overbuilding will lead to a bursting bubble. I don't share those fears, but even if things here slow…. MYRG won't profit by using data centers. It's a picks-and-shovels play that will produce profits simply from building activity. Moreover, there's more to MYRG than data centers... It's a play on the full spectrum of soaring power demand, including many non-AI needs as well as spending we'll need to do to upgrade badly aging and storm-vulnerable infrastructure. tifonimages/iStock via Getty Images I was half right. On 10/1/24 , I published a report on MYR Group ( MYRG ). My headline referred to it as “a company for our times.” I nailed that! MYRG specializes in electricity generation and transmission. Its Th Show less Read more
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