Halyk Finance Trading Idea: MYR Group Inc.

MYR Group Inc. – an American holding company providing specialized electrical construction services in the United States and Canada. The company operates through two main segments: transmission and distribution (T&D), focused on power grid enterprises, and commercial and industrial construction (C&I), which performs complex electrical installations for data centers, industrial facilities, and clean energy infrastructure. In 2026, MYR Group strengthened its market position by acquiring Valley Electric and Comet Electric, significantly expanding its service portfolio and the geographic presence of the C&I segment. The company's investment profile is based on sustainable structural factors: modernization of outdated networks in the U.S. and Canada, enhancing their climate resilience, connecting renewable energy facilities, and the growth of IT giants' infrastructure spending on data centers.

Growth drivers:

• Structural growth in utility capex (T&D) 
• Hyperscalers' capex and C&I growth 
• Revenue diversification 
• Clean energy as a separate growth line 
• Geographic diversification – U.S. and Canada 
• M&A and record backlog