Industries
Power Engineering
All research in Power Engineering — 2 reports.
44/100
MasTec, Inc.
MasTec is a U.S. specialty infrastructure contractor spanning telecom fiber, utility power delivery, gas pipelines, and heavy civil work, now pushing further into data-center electrical systems through its 2026 Superior acquisition. Record 2025 revenue of 14.3 billion USD and an all-time-high 19.0 billion USD backlog justify the recent re-rating, but at 351.40 USD the market is already pricing smooth Superior integration and sustained premium margins. Rating Hold: a genuine transition story, but one priced for a best case rather than a margin of safety.
43/100
Quanta Services: A Long-Term Owner's Perspective
North America's leading grid and utility infrastructure contractor, benefiting from data centers, electricity load, and manufacturing reshoring; but at roughly 106x PE, 67x P/FCF, and 12x PB, the current price already discounts many years of high growth, a 90%-160% premium to fair value, with an ideal buy-in of $230-320.