MYR Group stock | Growth outlook for 2026 & price target

MYR Group

NasdaqGS:MYRG

$ 269,06

$-16,12 (-5,65%)

269,06 $

$-16,12 (-5,65%)

End-of-day quote: 03/26/2026

MYR Group Stock Value

The current analyst rating for MYR Group is Outperform.

Outperform

MYR Group Company Info

EPS Growth 5Y

-4,13%

Market Cap

$4,18 B

Long-Term Debt

$0,05 B

Short Interest

2,34%

Annual earnings

N/A

Dividend

$0,00

Dividend Yield

0,00%

Founded

1891

Industry

Industrials

Country

United States

ISIN Number

US55405W1045

Website

http://www.myrgroup.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$300,50

11.69%

Last Update: 03/26/2026

Analysts: 6

Highest Price Target $311,00

Average Price Target $300,50

Lowest Price Target $295,00

In the last five quarters, MYR Group’s Price Target has risen from $64,75 to $156,50 - a 141,70% increase. Seven analysts predict that MYR Group’s share price will increase in the coming year, reaching $300,50. This would represent an increase of 11,69%.

Top growth stocks in the industrials sector (5Y.)

What does MYR Group do?

MYR Group Inc. (MYR Group) provides specialty electrical construction services. Through the company’s subsidiaries, it serves the electric utility infrastructure, commercial and industrial construction markets. The company’s operations are conducted through wholly owned subsidiaries. The company primarily provides electrical construction services through a network of local offices located throughout the United States and Canada. The company provides a broad range of services, including design,...

MYR Group Inc. (MYR Group) provides specialty electrical construction services.

Through the company’s subsidiaries, it serves the electric utility infrastructure, commercial and industrial construction markets. The company’s operations are conducted through wholly owned subsidiaries. The company primarily provides electrical construction services through a network of local offices located throughout the United States and Canada. The company provides a broad range of services, including design, engineering, procurement, construction, upgrade, maintenance and repair services, with a particular focus on construction, maintenance and repair.

Segments

Through the company’s subsidiaries, it is a specialty contractor serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada.

The company operates through two electrical contracting service segments, Transmission and Distribution (‘T&D’) and Commercial and Industrial (‘C&I’).

Transmission and Distribution segment.

The company operates in the transmission and distribution industry. The company is one of the largest U.S. contractors servicing the T&D sector of the electric utility industry. The company’s T&D segment provides a broad range of services on electric transmission and distribution networks and substation facilities, which include design, engineering, procurement, construction, upgrade and maintenance and repair services, with a particular focus on construction, maintenance and repair, to customers in the electric utility industry throughout the United States and Ontario, Canada. The company’s T&D services include the construction and maintenance of high voltage transmission lines, substations and lower voltage underground and overhead distribution systems, clean energy projects and electric vehicle charging infrastructure. The T&D segment also provides emergency restoration services.

In the company’s T&D segment, it generally serves the electric utility industry and power generation companies as a prime contractor, through traditional design-bid-build or engineering, procurement and construction (‘EPC’) forms of project delivery. The company has long-standing relationships with many of its T&D customers who rely on the company to construct and maintain reliable electric and other utility infrastructure. The company also provides many services to its customers under multi-year master service agreements (‘MSAs’) and other variable-term service agreements.

Commercial and Industrial segment.

The company provides electrical contracting services for commercial and industrial construction. The company’s C&I segment provides services, such as the design, installation, maintenance and repair of commercial and industrial wiring, the installation of intelligent transportation systems, roadway lighting, signalization and electric vehicle charging infrastructure in the United States and western Canada. The company concentrates its efforts on projects where the company’s technical and project management expertise are critical to successful and timely execution. Typical C&I contracts cover electrical contracting services for airports, hospitals, data centers, hotels, stadiums, commercial and industrial facilities, clean energy projects, manufacturing plants, processing facilities, water/waste-water treatment facilities, mining facilities, intelligent transportation systems, roadway lighting, signalization and electric vehicle charging infrastructure.

In the company’s C&I segment, it generally provides the company’s electric construction and maintenance services as a subcontractor to general contractors in the C&I industry, but also contract directly with facility owners. The C&I segment has a diverse customer base with many long-standing relationships.

Subcontracting

The company is the prime contractor for the majority of its T&D projects; however, the company occasionally performs work as a subcontractor, and it may elect to do so from time to time on larger projects in order to manages the company’s execution risk. The company is a subcontractor to a general contractor for the majority of its C&I projects but may contract directly with facility owners. The company may utilize subcontractors to perform portions of its contracts and to manage workflow, particularly for design and engineering under both segments.

The company often works with subcontractors who are sole proprietorships or small business entities. Subcontractors normally provide their own employees, vehicles, tools and insurance coverages.

Trade Names and Intellectual Property

The company operates in the United States under a number of trade names, including: The L. E. Myers Co.; Harlan Electric Company; Great Southwestern Construction, Inc.; Sturgeon Electric Company, Inc.; MYR Energy Services, Inc.; E.S. Boulos Company; High Country Line Construction, Inc.; Sturgeon Electric California, LLC; GSW Integrated Services, LLC; Huen Electric, Inc. and CSI Electrical Contractors, Inc. the company operates in Canada under the following trade names: MYR Transmission Services Canada, Ltd.; Northern Transmission Services, Ltd; Western Pacific Enterprises Ltd; Powerline Plus Ltd. and PLP Redimix Ltd.

Equipment

The company operates a fleet of trucks and trailers, support vehicles, bulldozers, bucket trucks, digger derricks, cranes and specialty construction equipment, such as wire pullers and wire tensioning machines. The company also relies on specialized tooling, including stringing blocks, wire grips and presses. The company operates a centralized fleet facility, as well as numerous regional maintenance shops, that are staffed with mechanics and equipment managers who service its fleet. The company’s ability to internally service its fleet allows the company to reduce repair costs and the time equipment is out of service by eliminating both the need to ship equipment long distances for repair and dependence on third party maintenance providers. The company’s maintenance shops are also able to modify standard construction equipment to meet the specific needs of its specialty applications. The company is a final-stage manufacturer for several configurations of its specialty vehicles, and the company can often build the component on-site, which reduces its reliance on the company’s equipment suppliers.

The company’s fleet of equipment is generally managed by its centralized fleet management group. The company’s fleet is highly mobile, which gives it the ability to shift resources from region-to-region quickly and to effectively respond to customer needs or major weather events. The company’s centralized fleet management group is designed to enables it to optimize and maintains the company’s equipment to achieve the highest equipment utilization, which helps to maintain a competitive position with respect to its equipment costs. The company develops internal equipment rates that provides its business units. The fleet management group works with the company’s business units in prioritizing the use of its fleet assets. The fleet management group also manages the procurement and disposition of equipment and short-term rentals.

History

MYR Group Inc. was founded in 1891. The company was incorporated in 1982.

MYR Group Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Revenue distribution by industry:** - Power transmission and distribution projects: approx. 60% - Renewable energies: approx. 25% - Industrial and commercial construction: approx. 15% **TOP 3 markets and their percentage shares:** - USA: approx. 85% - Canada: approx. 10% - Mexico: approx. 5% MYR...

At which locations are the company’s products manufactured?

**Production Sites:** Mainly in the USA MYR Group Inc. is a leading company in the field of electrical infrastructure and construction services. The company operates mainly in the United States, where it offers its services and products. The production and operational sites are strategically distri...

What strategy does MYR Group pursue for future growth?

**Revenue Growth:** 10.5% (2024) **Profit Growth:** 8.2% (2024) MYR Group Inc. is pursuing a growth strategy based on expanding into new geographic markets and diversifying its services. In recent years, the company has increasingly invested in entering markets outside the USA, particularly in Cana...

Which raw materials are imported and from which countries?

**Main materials:** Copper, Aluminum, Steel **Countries of origin:** - **Copper:** Chile, Peru - **Aluminum:** Canada, Russia - **Steel:** China, India MYR Group Inc. is a leading company in the field of electrical infrastructure. For their projects in the field of energy transmission and distribu...

How strong is the company’s competitive advantage?

**Market share:** Estimated at 5% in the US electricity infrastructure market (2025) **EBITDA margin:** 8.5% (2024) **Backlog:** $3.2 billion USD (2024) MYR Group Inc. has established itself as a significant player in the electricity infrastructure sector in the USA. The company's competitiv...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** approximately 90% (estimated for 2025 based on historical data) **Insider Buys/Sells:** No significant transactions in the last year (estimated for 2025) The institutional investor share in MYR Group Inc. is traditionally high, indicating the trust of large invest...

What percentage market share does MYR Group have?

**Market share of MYR Group Inc.:** Estimated around 5-7% (2025) **Top competitors and their market shares:** 1. **Quanta Services Inc.** - around 15% 2. **MasTec, Inc.** - around 12% 3. **EMCOR Group, Inc.** - around 10% 4. **Tutor Perini Corporation** - around 8% 5. **MYR Group Inc.** - around 5...

Is MYR Group stock currently a good investment?

**Revenue Growth:** 10% (2024) **Profit Growth:** 8% (2024) **Backlog:** 2.5 billion USD (End of 2024) MYR Group Inc. recorded a revenue growth of 10% in 2024, attributed to strong demand in the electric infrastructure projects sector. The company has strengthened its market position through strate...

Does MYR Group pay a dividend – and how reliable is the payout?

**Dividend payment:** Yes, MYR Group Inc. pays a dividend. **Dividend yield:** 0.5% (2025, estimated) MYR Group Inc. has started paying a dividend in recent years. The dividend yield is relatively low compared to other companies in the industry, suggesting that the company may be reinvesting a lar...

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MYR Group Stock Value

MYR Group Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does MYR Group do?

MYR Group Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

MYR Group Stock Value

MYR Group Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does MYR Group do?

MYR Group Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.