MYR Group Inc. is a leading provider of electrical contracting services specializing in transmission and distribution, as well as renewable energy infrastructure projects
The company focuses on the design, construction, and maintenance of electrical systems for utilities, commercial, and industrial clients. With a commitment to safety, quality, and innovation, MYR Group plays a pivotal role in enhancing the reliability and efficiency of the electrical grid while supporting the transition to sustainable energy solutions through the installation of renewable energy systems.
MYR Group currently trades at $147.72 per share and has shown little upside over the past six months, posting a middling return of 1.3%. The stock also fell short of the S&P 500’s 7.7% gain during that period.
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Electrical construction and infrastructure services provider MYR Group (NASDAQMYRG) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 5.5% year on year to $888 million. Its GAAP profit of $0.65 per share was 54.8% above analysts’ consensus estimates.
