MYR Group
MYRGMarket price data through August 3, 2026.
Performance
Aug 2021 – Aug 2026
Track record
How this pick has done since Benson first called it.
- Benson Return
- -28%
- How much this stock is up since Benson first picked it — measured from the price at the time of that first pick, not from today.
- First pick price
- ~$468
- Roughly what one share cost when Benson first picked this stock. This is the starting line for the Benson Return.
- Tracking since
- June 2026
- The month this stock first became a Benson pick.
- Tracking duration
- 1 month
- How long Benson has been tracking this pick.
About MYR Group
MYR Group is one of America's biggest specialty electrical contractors, building and maintaining the power lines, substations, and electrical systems that keep the lights on. Founded in 1891, it runs two businesses: one wiring up the electric grid for utilities, and one handling the electrical work inside data centers and factories. Think of them as the picks-and-shovels crew of the electricity boom.
The case for and against
Both sides of the story, in plain English.
- Riding Two Booms
MYR Group sits right in the path of two huge trends at once: the data center buildout and the rebuilding of America's aging power grid. Utilities alone are expected to spend about 1.1 trillion dollars upgrading the grid through 2029. The company just posted record quarterly earnings of 2.99 dollars per share and a record backlog of work worth 2.84 billion dollars.
- Fortress Balance Sheet
MYR Group holds more cash than debt, with about 163 million dollars in the bank against just 62 million in debt. That gives it over 500 million dollars of firepower to acquire smaller competitors and grow faster. Free cash flow over the past year topped 230 million dollars.
- Priced for Perfection
After climbing roughly 186 percent in a single year, the stock now trades around 40 times earnings, which is steep. A lot of good news is already baked in, so any stumble in execution could send shares lower fast.
- Labor Crunch
Much of MYR Group's work is locked in at fixed prices while skilled electrical linemen are in short supply. If wages climb faster than expected during the building boom, profit margins on those fixed-price jobs could get squeezed.
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How to read this page
This automated research summary uses Financial Modeling Prep market data through 2026-08-03. Model signals, scores, and risk labels can change and may be incomplete or wrong.
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