MYRG

Over the past six months (April 2026 - October 2026), MYR Group's stock experienced significant movements influenced by strong financial performance and broader market dynamics. The company reported robust Q2 2026 results with diluted earnings per share of $3.17, beating estimates, and revenue increasing 20.1% year-over-year to $1.08 billion, surpassing consensus estimates, with net income reaching $96.7 million. MYR Group achieved a record Q2 backlog of $3.16 billion, representing a 19.6% year-over-year increase, particularly in the C&I segment driven by data center electrical construction. Despite positive fundamentals, the stock experienced a pullback from its 52-week highs near $503 in June 2026, trading around $290 in September 2026, amidst a broader rotation out of Engineering & Construction names and market volatility, though shares also saw increases, such as a 7.3% climb in early October 2026. Analysts maintain a 'Moderate Buy' consensus rating with a consensus price target of $446.80, with some adjusting price objectives or downgrading the stock. MYR Group also acquired Valley Electric Company and Comet Electric, Inc., expanding its data center exposure.