Quanta Services (PWR) has delivered impressive 64.6% YTD returns driven by strong infrastructure demand, record $53.4B backlog, and strategic acquisitions. However, elevated valuation at 36.92X forward P/E—significantly above industry average of 23.67X—raises concerns about sustainability. The company maintains a Hold rating despite favorable long-term prospects, as much of expected growth appears already priced in.

Iberdrola S.A. (IBDRY) has returned 7.9% year-to-date, outperforming the Utilities sector average of -6.4%. The stock holds a Zacks Rank #2 (Buy) with improving analyst sentiment, as consensus earnings estimates have risen 2.1% over the past 90 days. MYR Group (MYRG) has also outperformed significantly with 33.9% year-to-date returns and a Zacks Rank #1 (Strong Buy).

MYR Group (MYRG) has been upgraded to Zacks Rank #1 (Strong Buy) due to upward trends in earnings estimates. The electrical construction services provider is expected to earn $12.43 per share for fiscal year 2026, with analysts raising consensus estimates by 8.7% over the past three months. The upgrade positions the stock in the top 5% of Zacks-covered stocks, suggesting potential near-term price appreciation.

MYR Group's Transmission & Distribution segment reported 10% revenue growth to $1.06B in H1 2026 with operating income jumping 32.6%, driven by strong demand for grid upgrades, electrification, and data center infrastructure. The company maintains a $1.27B backlog and benefits from structural trends supporting long-term T&D spending. Industry peers Quanta Services and MasTec also reported strong growth in their respective power/electric segments.

Both Argan (AGX) and MYR Group (MYRG) are positioned to benefit from growing investment in power and electrical infrastructure driven by electrification, data center development, and grid modernization. Argan offers greater exposure to power generation and data center opportunities with a strong project pipeline, while MYR Group benefits from record revenues and a substantial backlog. Argan holds a Zacks Rank #1 (Strong Buy) compared to MYR Group's Rank #2 (Buy), making Argan the preferred choice for investors seeking power infrastructure exposure.

MYR Group achieved a record backlog of $3.16 billion in Q2 2026, up 19.6% year-over-year, driven by strong demand in transmission/distribution and commercial/industrial segments. The company's recent acquisitions of Valley Electric and Comet Electric are expected to expand capabilities and geographic reach. Strong end-market fundamentals in power infrastructure support continued growth, though project execution and cost pressures remain risks.

MYR Group (MYRG) posted record Q2 2026 revenues of $1.08B and backlog of $3.16B, with earnings surging 88% and gross margins expanding 170 basis points. The company trades below industry peers on price-to-sales multiples while benefiting from secular growth trends in electrification, data centers, and infrastructure investment. Strategic acquisitions and a strong balance sheet support continued expansion.

MYR Group reported record Q2 2026 revenues of $1.08 billion, up 20.2% year-over-year, driven by strong Commercial & Industrial segment growth. The company's record $3.16 billion backlog and recent acquisitions of Valley Electric and Comet Electric position it well for continued expansion, supported by rising electricity demand from electrification, AI adoption, and manufacturing reshoring.

MYR Group and VSE Corporation are highlighted as fast-growing industrial mid-cap stocks with strong fundamentals. MYR Group benefits from infrastructure buildout in data centers, renewable energy, and EV charging, with Q1 revenue up 20% and EPS up 106%. VSE Corporation, focused on aviation aftermarket services, reported Q1 revenue up 26.8% and EPS up 55.2%, bolstered by major acquisitions including Precision Aviation Group. Both companies rely on recurring, non-discretionary service revenue and have expanded through strategic acquisitions.

MYR Group announced a definitive agreement to acquire Valley Electric and Comet Electric for approximately $328 million. The acquisition is expected to close on or about July 1, 2026, subject to regulatory approvals. The combined entities generated over $400 million in average annual revenues over the last two years and will strengthen MYR Group's Commercial & Industrial segment service offerings and geographic reach.

MYR Group Inc., a specialty electrical contractor, will attend the UBS Global Industrials and Transportation investor conference on December 3, 2025, in Manalapan, Florida. CEO Rick Swartz and CFO Kelly Huntington will meet with institutional investors.

MYR Group Inc. will attend the Baird 2025 Global Industrial investor conference in Chicago on November 12, 2025, with CEO Rick Swartz and CFO Kelly Huntington meeting institutional investors.