MYR Group Inc. (MYRG)

Several events have impacted MYR Group's stock price in the past six months. On July 30, 2025, an update was provided regarding MYR Group Inc.'s Equity Buyback Plan. On October 29, 2025, the company released its third-quarter 2025 earnings, reporting record revenues, net income, and EBITDA. On October 30, 2025, MYR Group hosted its Q3 2025 Earnings Call. On November 12, 2025, the company attended the Baird 2025 Global Industrial Conference. On November 14, 2025, Goldman Sachs raised its price target on MYRG, leading to a jump in share price. On December 11, 2025, MYR Group participated in the Oppenheimer Winter Industrial Virtual Summit. On January 7, 2026, the company attended the Goldman Sachs Energy, CleanTech & Utilities Conference. On January 13, 2026, MYR Group's subsidiary, Sturgeon Electric, announced the successful completion of Arizona's largest standalone battery storage facility, which initially boosted shares before gains cooled.

Demand for MYR Group's products and services is driven by a multi-year upcycle in U.S. electrical infrastructure, including the build-out of data centers, grid modernization, renewable energy projects, and the expansion of electric vehicle charging networks. While specific seasonal fluctuations are not detailed, weather conditions can influence electrical construction services, potentially impacting project timelines and profitability.

MYR Group, Inc. is a holding company specializing in electrical construction services across the United States and Western Canada, operating primarily in the energy infrastructure sector. The company's services are divided into two main segments: Transmission and Distribution (T&D), which includes design, engineering, procurement, construction, upgrades, maintenance, and repair of electric transmission and distribution networks and substation facilities, as well as renewable energy projects; and Commercial and Industrial (C&I), which provides services such as the design, installation, maintenance, and repair of commercial and industrial wiring, traffic networks, and bridge, roadway, and tunnel lighting.

MYR Group's operations span across the United States and Western Canada.

MYR Group maintains a strong brand reputation, consistently recognized as one of the top five specialty electrical contracting firms by Engineering News-Record. The company's reputation is built on its commitment to integrity, initiative, and teamwork. Its financial health, characterized by improving gross margins and a substantial project backlog, further contributes to its strong standing in the competitive utility services market. The successful completion of significant projects, such as Arizona's largest standalone battery storage facility in January 2026, also enhances its reputation. No significant negative events impacting MYR Group's reputation were identified in the past year.

MYR Group's ownership is a mix of institutional, retail, and individual investors. Institutional investors hold a significant portion of the company's stock, approximately 54.69% to 80.76%. Key institutional owners include BlackRock, Inc., Vanguard Group Inc., iShares Core S&P Small-Cap ETF, Wellington Management Group Llp, State Street Corp., Macquarie Group Ltd., Dimensional Fund Advisors LP, Fisher Asset Management, LLC, and Geode Capital Management LLC. Individual insiders own approximately 1.85% of the company's stock, with Don Egan, Senior VP & COO of Commercial and Industrial, selling shares on November 3, 2025.