MYR Group
MYRG · NASDAQ · Industrials
$279.28
+$2.54 (+0.91%) today
Market Cap
$4.35B
24h Volume
$132.1M
P/E Ratio
26.6
52w High
$501.13
52w Low
$178.85
Est. AI Revenue
15%
7-Day Sparkline (Static)
Company facts
Performance
About MYR Group
MYR Group is an electrical construction company. Its crews build and maintain high voltage transmission lines, substations, and distribution networks for utilities, and install electrical systems inside commercial and industrial facilities, earning revenue on construction contracts across the United States and Canada.
Its two segments both touch the AI story. Transmission & Distribution builds the grid infrastructure, including the interconnections and substations that new data centers need to draw power. Commercial & Industrial wires large facilities, and data centers have become a meaningful part of that project mix alongside hospitals, airports, and manufacturing plants.
Founded in 1891 as The L.E. Myers Co., MYR Group is headquartered in Thornton, Colorado, employs about 9,000 people, and trades on the NASDAQ.
MYR Group in the AI buildout
MYR Group spans two layers of the buildout. In the Utilities & Grid layer, its Transmission & Distribution crews build the lines and substations that connect power hungry data centers to the grid, one of the tightest bottlenecks in the expansion. In the Data Centers layer, its Commercial & Industrial segment performs electrical installation inside the facilities themselves. Both demand streams are growing, though they sit within a broad utility and commercial construction base.
MYRG is tracked in Utilities & Grid and Data Centers & Hardware, rated Growing on the AI Exposure leaderboard.
By the numbers
52-week range
MYRG trades at $279.28, 31% of the way up its 52-week range of $178.85 to $501.13.
Market cap
Market capitalization is $4.35B, with an AI Exposure Score of 45 out of 100.
Valuation vs peers
Its P/E ratio of 26.6 is above the Utilities & Grid category median of 21.7.
Next earnings
MYR Group is next expected to report earnings on October 28, 2026.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does MYR Group do?
MYR Group is an electrical construction firm. It builds transmission lines, substations, and distribution networks for utilities, and installs electrical systems in commercial and industrial buildings, including data centers, across the United States and Canada.
How is MYR Group exposed to AI?
MYR wires data centers through its Commercial & Industrial segment and builds the grid connections they need through its Transmission & Distribution segment. Supercycle rates it Growing with an AI Exposure Score of 45 out of 100.
Why does the AI buildout need companies like MYR?
New data centers need grid interconnections, substations, and internal electrical systems, all built by skilled electrical contractors. That labor is scarce, so utilities and developers depend on established firms like MYR to energize sites on schedule.
Who leads MYR Group?
Richard S. Swartz Jr. serves as CEO of MYR Group. The company traces its history to 1891, is headquartered in Thornton, Colorado, and employs about 9,000 people across its transmission, distribution, and commercial electrical operations.
Is MYRG a pure play AI stock?
No. Supercycle scores MYR Group 45 out of 100, in the Growing tier. Data center and grid interconnection work is a rising demand stream, but most revenue still comes from broad utility and commercial electrical construction.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.
Related reading
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