$709.93
80.9% vs S&P 12m
Business overview
Largest specialty contractor for electric grid construction; transmission backlog has expanded materially with AI load forecasts.
Picks-and-shovels play on the grid build-out that AI data centers require; backlog and labor capacity gate the story.
Products
- Transmission EPC
- Distribution
- Renewables EPC
Customers (2)
- Utilities
- Renewable developers
Competitors (2)
- MasTec
- MYR Group
Composite score
Higher = stronger overall research case
Fundamental59
Technical84
Valuation20
AI relevance70
Risk-adjusted (higher = safer)57
Segment-relative fundamental percentile: 42
Synthetic 1Y price action
Deterministic price series; 50d (yellow) and 200d (orange) MAs shown
3M RS: 19.9%6M RS: 55.0%12M RS: 80.9%Vol30d: 54%DD52w: -9.6%
Financial summary
Curated, illustrative
Revenue
$30.12B
Growth (YoY)
26.3%
Gross margin
15.1%
Operating margin
4.2%
FCF
$1.04B
Capex
$1.34B
Net cash / (debt)
$-5.95B
ROIC
4.7%
Customer conc.
Medium
Valuation
Market cap
$106.53B
Enterprise value
$112.49B
P/E (TTM)
97.1x
Forward P/E
43.2x
EV / Sales
3.7x
EV / EBITDA
42.3x
P / FCF
102.7x
PEG
1.9x
Rule of 40
—
Risks
Severity 1 (low) to 5 (severe)
- 3Labor shortage on skilled trades
Score components
What drove the composite
Growth80
Profitability34
Cash generation34
Balance sheet72
Moat / AI relevance75
Capital intensity (higher = lighter)74
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)95
Momentum (3/6/12m)80
Relative strength100
Realized vol (higher = lower vol)37
Segment peers
Other companies in Power & grid