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MYR Group Inc

MYR Group Inc

MYRG
$391.51USD↓-1.83%-7.30 today

MARKET CAP

6.1B

P/E (TTM)

44.0x

FWD P/E

35.4x

DAY RANGE

$375 – $398

52W RANGE

$172
$504

AI Summary

Stalk
TrimMedium

MYRG remains in a Stage 4 decline with clear lower highs and lower lows and dominant bearish patterns. Price trades below falling EMAs, but extreme oversold and multiple DeMark buy setups suggest short-term exhaustion. We defer new bearish execution, opting to Trim on rallies into the 9/21 EMA resistance zones with rejection-based interaction.

  • ↑Q1 2026 revenue $1B (+20% YoY) and net income $47M (+106% YoY)
  • ↑Backlog reached $2.84B (+8% YoY), underpinning future growth
  • ↓Earnings yield negative and low book-to-price suggest overvaluation
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

MYR Group Inc. (NASDAQ: MYRG) is a leading provider of electrical construction services specializing in Transmission and Distribution (T&D) and Commercial and Industrial (C&I) sectors. The company is strategically positioned to capitalize on the rising infrastructure investments and electrification trends in North America. MYR Group has established itself with strong relationships with long-term customers while navigating the complexities of the electric infrastructure market.

Bull says

  • ↑Q1 2026 revenue $1B (+20% YoY) and net income $47M (+106% YoY)
  • ↑Backlog reached $2.84B (+8% YoY), underpinning future growth
  • ↑Gross margin improved to 13.4% from 11.6%; EBITDA $82M vs. $50M
  • ↑Positioned to capture $178B in projected transmission infrastructure spending
  • ↑Data center project starts doubled YoY, expanding high-margin C&I work
  • ↑Strong growth and momentum; solid profitability and favorable leverage

Bear says

  • ↓Earnings yield negative and low book-to-price suggest overvaluation
  • ↓Elevated debt levels raise leverage risk and may constrain liquidity
  • ↓Labor shortages and project execution issues could produce volatile results
  • ↓70% of T&D revenue under MSAs risks delayed recognition and cash flow
  • ↓Rising interest rates may slow utility capex and infrastructure spending
  • ↓High short interest reflects investor skepticism on near-term outlook

Investment themes with MYRG

Infrastructure Development↑ +0.48%

DE · HWM · TT

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-01-2026neutral

Transcript signals

Bull points

  • The T&D segment delivered strong first quarter results supported by a mix of small to mid-sized projects across our markets. Execution remained consistent with a focus on safety, quality, and reliability. Dating activity remained steady with increases in revenue and margins from the prior quarter and compared to our first quarter of last year.
  • We continue to deepen relationships with long-standing customers while also pursuing opportunities with both new and existing customers supported by a positive industry outlook.
  • This quarter, Sturgeon was awarded an MSA in Arizona spanning transmission, distribution, and substations along with EPC program opportunities in the Northwest. Great Southwestern Construction secured the construction of two greenfield substations in Texas. High Country Line Construction was selected for substation work in Arizona, along with a 345 transmission line project in South Carolina.

Bear points

  • we could see DSO rise to the low 60s, and that will really depend on the timing of new awards.
  • CapEx, and we've been talking for a couple of quarters now, how we expect that to be trending more to about 3% of revenue on a full-year basis, and that is above our historical average, really driven by the opportunities that we see on the T&D side of the business.
  • we could see DSO rise to the low 60s, and that will really depend on the timing of new awards.
Read full transcript analysis ›