MYR Group Inc. logo MYRG - MYR Group Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 0
BUY 9
HOLD 12
SELL 0
STRONG
SELL 0
| PRICE TARGET: $407.50 DETAILS
HIGH: $503.00
LOW: $285.00
MEDIAN: $421.00
CONSENSUS: $407.50
UPSIDE: 2.18%

Stock News

MYR Group Inc. Announces Second Quarter 2026 Earnings Release and Conference Call Schedule

MYR Group Inc. Announces Second Quarter 2026 Earnings Release and Conference Call Schedule

THORNTON, Colo., July 15, 2026 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR Group”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced it will release its second quarter 2026 results on Wednesday, July 29, 2026, after the market closes. In conjunction with the release, MYR Group has scheduled a conference call and simultaneous webcast to discuss results on Thursday, July 30, 2026, at 8 a.m. Mountain Time.  Participants may access the audio-only webcast of the conference call from the Investors page of MYR Group's website at myrgroup.com. A replay of the webcast will be available for seven days.

Jul 15, 2026 12:05 PM • globenewswire.com
MYR Group to acquire Valley Electric and Comet Electric for $328M

MYR Group to acquire Valley Electric and Comet Electric for $328M

MYR Group Inc. (NASDAQ:MYRG) has agreed to acquire all outstanding capital stock of Valley Holdings Inc and its subsidiaries, including Valley Electric Company and Comet Electric, for approximately $328 million, expanding the specialty contractor's footprint in the Western US and Southern California. The Thornton, Colorado-based electric utility infrastructure and commercial construction contractor will fund the purchase through a combination of cash on hand and borrowings under its revolving credit facility, with the consideration subject to net asset and other post-closing purchase price adjustments.

May 28, 2026 10:51 AM • proactiveinvestors.com
MYR Group Enters Definitive Agreement to Acquire Valley Electric and Comet Electric

MYR Group Enters Definitive Agreement to Acquire Valley Electric and Comet Electric

THORNTON, Colo., May 27, 2026 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR” or the “Company”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada announced that it has entered into a definitive agreement to acquire all issued and outstanding shares of capital stock of Valley Holdings, Inc. and its subsidiaries (collectively, “Valley”), including Valley Electric Company, Inc. (Valley Electric) and Comet Electric, Inc. (Comet Electric) and their respective affiliates, for consideration of approximately $328.0 million, subject to net asset and other post-closing purchase price adjustments. The Company expects to fund the acquisition through a combination of cash on hand and borrowings under its revolving credit facility. Valley Electric, founded in 1982 and headquartered in Everett, Washington, is one of the largest full-service electrical contractors in the Western U.S., serving commercial, industrial, transportation/heavy civil, and marine markets. Comet Electric, founded in 1976 and headquartered in Chatsworth, California, is a premier commercial and industrial contractor operating in Southern California.

May 27, 2026 12:09 PM • globenewswire.com
Prospect Capital Announces Sale of Valley Electric to MYR Group for Expected Gross Proceeds of $328 Million, Achieving a 4.8x Multiple of Invested Capital to Prospect Over Investment Lifetime

Prospect Capital Announces Sale of Valley Electric to MYR Group for Expected Gross Proceeds of $328 Million, Achieving a 4.8x Multiple of Invested Capital to Prospect Over Investment Lifetime

NEW YORK, May 27, 2026 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”) a leading business development company focused on investing in middle-market businesses, today announced the successful sale of Prospect's portfolio company Valley Electric Company, Inc. (“Valley Electric”) to MYR Group Inc. (“MYR”), a leading specialty contractor serving the electric utility infrastructure, commercial, and industrial construction markets.

May 27, 2026 12:01 PM • globenewswire.com
MYR Group: Hidden Backlog Arbitrage And The Impending Labor Trap

MYR Group: Hidden Backlog Arbitrage And The Impending Labor Trap

I rate MYR Group Hold/Avoid as its ~41x forward P/E fully prices in AI data center and grid-electrification super-cycles, leaving minimal margin of safety. MYRG's shift to a 70% MSA-led T&D portfolio and C&I prefabrication builds recurring revenue and margin arbitrage, supporting premium valuation but demanding flawless execution. A fortress balance sheet with $500M+ liquidity and zero net debt positions MYRG for accretive M&A, yet organic growth (~12%) alone cannot justify current multiples.

May 20, 2026 12:11 AM • seekingalpha.com
MYR Group Inc. to Attend Baird Global Consumer, Technology & Services Conference in June

MYR Group Inc. to Attend Baird Global Consumer, Technology & Services Conference in June

THORNTON, Colo., May 05, 2026 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR Group”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced it will attend the Baird Global Consumer, Technology & Services investor conference.

May 05, 2026 12:05 PM • globenewswire.com

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