MYR Group Inc. Subsidiary Awarded Design-Build Electric Distribution Master Service Agreement with Xcel Energy
MYR Group's New Agreement: MYR Group Inc. has signed a five-year Design-Build Electric Distribution Master Service Agreement with Xcel Energy, expected to exceed $500 million in value, enhancing their long-standing partnership and supporting infrastructure initiatives.
Company Overview: MYR Group operates as a holding company for specialty electrical contractors in the U.S. and Canada, providing comprehensive services in electric utility infrastructure and commercial construction across various sectors.
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MYR Group to Release Q4 2025 Results on February 25, 2026
- Earnings Release Schedule: MYR Group plans to announce its Q4 2025 financial results on February 25, 2026, after market close, demonstrating the company's commitment to transparency and investor communication.
- Conference Call Details: The company will hold a conference call on February 26, 2026, at 8 a.m. Mountain Time to discuss the financial results, enhancing interaction with shareholders.
- Participation Method: Investors must register in advance to join the conference call, receiving a confirmation email with dial-in numbers and a unique passcode, ensuring smooth participation.
- Webcast Replay Availability: The audio-only webcast will be accessible from MYR Group's investor page, with a replay available for seven days, further improving information accessibility for stakeholders.
MYR Group to Attend 2026 Goldman Sachs Energy Conference
- Goldman Sachs Conference Participation: MYR Group's CEO Rick Swartz and CFO Kelly Huntington will attend the Goldman Sachs Energy, CleanTech & Utilities Conference on January 7, 2026, in Aventura, Florida, aiming to connect with institutional investors and enhance market confidence.
- Diverse Business Segments: MYR Group operates in the U.S. and Canada, providing specialized contracting services in electric utility infrastructure, commercial, and industrial construction through its Transmission & Distribution (T&D) and Commercial & Industrial (C&I) segments, ensuring competitiveness in the power industry.
- Varied Clientele: The T&D and C&I segments serve a diverse clientele, including investor-owned utilities, cooperatives, private developers, and government-funded utilities, showcasing MYR Group's extensive influence in the electric infrastructure sector.
- Integrated Technology and Services: MYR Group offers comprehensive services including design, engineering, procurement, construction, upgrades, maintenance, and repairs, ensuring a technological edge in clean energy projects and electric vehicle charging infrastructure, aligning with market demands for sustainability.
Stock of the Day: MYR Group Inc. (MYRG)
Company Overview: MYR Group Inc. (MYRG) is a leading specialty electrical construction contractor in the U.S., focusing on Transmission & Distribution and Commercial & Industrial segments, and is poised for significant growth due to increasing demand for electrical infrastructure driven by the AI age.
Financial Performance: The company has seen substantial revenue growth, doubling its revenue from 2018 to 2022, and is projected to achieve a 275% increase in adjusted EPS by 2025, with a strong Zacks Rank #1 (Strong Buy) indicating positive earnings outlook.
Market Position: MYRG has outperformed its sector and the S&P 500, with a stock price increase of nearly 1,000% over the past 15 years, and is currently positioned for a potential breakout to new all-time highs as it capitalizes on the energy infrastructure spending boom.
Future Prospects: The U.S. energy sector faces a significant investment gap, and MYR Group is well-positioned to benefit from the accelerating pace of electrification and infrastructure development, essential for supporting the growing demand for electricity, particularly from AI and renewable energy projects.
Goldman Sachs Keeps Neutral Rating on MYR Group and Increases Price Target to $248
Real-time Intelligence: Benzinga Pro offers the fastest news alerts to help traders stay informed and make timely decisions in the stock market.
Exclusive Content: Subscribers gain access to unique stories and insights generated by Benzinga reporters, enhancing their trading strategies.
Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, sharing knowledge and resources to improve their market performance.
Market Winning Tools: The platform is designed to provide traders with the tools and information necessary to succeed in their trading endeavors.
Wall Street Pursues Bubbles: These 10 Stocks Drive AI Innovation
AI Bottleneck Misconception: Wall Street believes that the main bottleneck for AI development is semiconductors, similar to past misconceptions about mortgage-backed securities.
True Bottleneck: The actual limitation in AI expansion is the electricity supply, as outdated power grids can lead to disruptions during critical operations like training AI models.
Keybanc Lowers MYR Group Rating to Sector Weight
Real-time Intelligence: Benzinga Pro offers the fastest news alerts to help traders stay informed and make winning trades in the stock market.
Exclusive Community: Joining Benzinga Pro connects users with over 10,000 serious traders and provides access to exclusive stories and insights from Benzinga reporters.
MYR Group to Release Q4 2025 Results on February 25, 2026
- Earnings Release Schedule: MYR Group plans to announce its Q4 2025 financial results on February 25, 2026, after market close, demonstrating the company's commitment to transparency and investor communication.
- Conference Call Details: The company will hold a conference call on February 26, 2026, at 8 a.m. Mountain Time to discuss the financial results, enhancing interaction with shareholders.
- Participation Method: Investors must register in advance to join the conference call, receiving a confirmation email with dial-in numbers and a unique passcode, ensuring smooth participation.
- Webcast Replay Availability: The audio-only webcast will be accessible from MYR Group's investor page, with a replay available for seven days, further improving information accessibility for stakeholders.
MYR Group to Attend 2026 Goldman Sachs Energy Conference
- Goldman Sachs Conference Participation: MYR Group's CEO Rick Swartz and CFO Kelly Huntington will attend the Goldman Sachs Energy, CleanTech & Utilities Conference on January 7, 2026, in Aventura, Florida, aiming to connect with institutional investors and enhance market confidence.
- Diverse Business Segments: MYR Group operates in the U.S. and Canada, providing specialized contracting services in electric utility infrastructure, commercial, and industrial construction through its Transmission & Distribution (T&D) and Commercial & Industrial (C&I) segments, ensuring competitiveness in the power industry.
- Varied Clientele: The T&D and C&I segments serve a diverse clientele, including investor-owned utilities, cooperatives, private developers, and government-funded utilities, showcasing MYR Group's extensive influence in the electric infrastructure sector.
- Integrated Technology and Services: MYR Group offers comprehensive services including design, engineering, procurement, construction, upgrades, maintenance, and repairs, ensuring a technological edge in clean energy projects and electric vehicle charging infrastructure, aligning with market demands for sustainability.
Stock of the Day: MYR Group Inc. (MYRG)
Company Overview: MYR Group Inc. (MYRG) is a leading specialty electrical construction contractor in the U.S., focusing on Transmission & Distribution and Commercial & Industrial segments, and is poised for significant growth due to increasing demand for electrical infrastructure driven by the AI age.
Financial Performance: The company has seen substantial revenue growth, doubling its revenue from 2018 to 2022, and is projected to achieve a 275% increase in adjusted EPS by 2025, with a strong Zacks Rank #1 (Strong Buy) indicating positive earnings outlook.
Market Position: MYRG has outperformed its sector and the S&P 500, with a stock price increase of nearly 1,000% over the past 15 years, and is currently positioned for a potential breakout to new all-time highs as it capitalizes on the energy infrastructure spending boom.
Future Prospects: The U.S. energy sector faces a significant investment gap, and MYR Group is well-positioned to benefit from the accelerating pace of electrification and infrastructure development, essential for supporting the growing demand for electricity, particularly from AI and renewable energy projects.
Goldman Sachs Keeps Neutral Rating on MYR Group and Increases Price Target to $248
Real-time Intelligence: Benzinga Pro offers the fastest news alerts to help traders stay informed and make timely decisions in the stock market.
Exclusive Content: Subscribers gain access to unique stories and insights generated by Benzinga reporters, enhancing their trading strategies.
Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, sharing knowledge and resources to improve their market performance.
Market Winning Tools: The platform is designed to provide traders with the tools and information necessary to succeed in their trading endeavors.
Wall Street Pursues Bubbles: These 10 Stocks Drive AI Innovation
AI Bottleneck Misconception: Wall Street believes that the main bottleneck for AI development is semiconductors, similar to past misconceptions about mortgage-backed securities.
True Bottleneck: The actual limitation in AI expansion is the electricity supply, as outdated power grids can lead to disruptions during critical operations like training AI models.
Keybanc Lowers MYR Group Rating to Sector Weight
Real-time Intelligence: Benzinga Pro offers the fastest news alerts to help traders stay informed and make winning trades in the stock market.
Exclusive Community: Joining Benzinga Pro connects users with over 10,000 serious traders and provides access to exclusive stories and insights from Benzinga reporters.
