Jul. 22 at 8:12 PM
Wolfe Research said engineering and construction companies remain the preferred way to gain exposure to rising power demand and the clean-energy theme, highlighting six stocks tied to infrastructure, renewables, and data-center construction.
MasTec is Wolfe’s top pick, with expectations for a strong quarterly beat and a guidance raise driven by robust demand in energy, infrastructure, and data centers. The company recently completed its
$1.65 billion acquisition of The Superior Group, prompting several analysts to increase price targets.
SOLV Energy is viewed as a top performer due to its ability to consistently exceed margin expectations. Its debt-free balance sheet provides flexibility for acquisitions, while Wolfe expects further growth in backlog and M&A opportunities. The company recently raised
$540 million through a public stock offering, and both JPMorgan and Jefferies have expressed bullish views on the shares.
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