MYR Group Inc. (NASDAQ:MYRG) is included among the 13 Best Electrical Infrastructure Stocks to Buy in 2026.
A holding company of specialty electrical construction companies, MYR Group Inc. (NASDAQ:MYRG) and its subsidiaries provide large-scale electrical construction services throughout the US and Canada.
On June 11, Oppenheimer assumed coverage of MYR Group Inc. (NASDAQ:MYRG) with a ‘Perform’ rating and did not assign the stock a specific price objective.
Oppenheimer highlighted the strong outlook for electrical transmission and distribution (T&D) services, which MYR is positioned well to offer. Moreover, the analyst pointed to the company’s long-term growth prospects in the commercial and industrial business, supported by the rapid expansion of data centers and other complex infrastructure projects.
With MYR Group Inc. (NASDAQ:MYRG) up by over 230% since the beginning of 2026, Oppenheimer believes that investors should be mindful of the stock’s premium valuation compared to its peers, its potential upside versus the 2026 consensus, and the evolving dynamics of T&D margins over time.
MYR Group Inc. (NASDAQ:MYRG)’s total backlog stood at a record $2.84 billion at the end of Q1 2026. The company revealed that it has been awarded multiple data center projects in New Jersey, Arizona, California, and Colorado. It is forecasting a revenue growth of 12% for FY 2026.
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