Opinions
Jim Cramer - Mad Money
MYR Group
MYRG-Q
BUY
Jul 17, 2023
$146.200
Stock price when the opinion was issued
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A holding company consisting of 13 contractors who are focused on electrical construction. Services include installing electrical wiring in commercial buildings and rail systems in the US and Canada. Over the last 3 years, shares have soared 341% due to super earnings growth despite a dip last year. A tailwind in the federal infrastructure bill; they have a good chance winning such contracts. The increase in solar panels, renewable infrastructure and data centers is a benefit, because those industries need miles of wiring. They beat last February and May with large upside surprises. More room to run. The street expects $5.78 EPS this year and $6.87 in 2024. It trades at only 21x PE 2024, which looks good. He wishes he had heard of them sooner.