Primoris Services' 15min chart shows MACD Golden Cross and Bollinger Bands expanding upward.

Primoris Services' 15-minute chart has triggered a MACD Golden Cross and Bollinger Bands are expanding upward, as of June 12, 2025, at 13:45. This indicates that the stock price has the potential to continue rising, with the market trend being driven by buying pressure.

MasTec Inc., a leading North American specialty contractor within the infrastructure sector, has shown strong momentum in recent quarters. Founded in 1929 and headquartered in Coral Gables, MasTec operates in the telecommunications, energy, and pipeline infrastructure sectors, with a significant presence in the U.S. market. The company's financial performance and market positioning are worth examining, particularly given the recent bullish signals in its stock price.

Market Positioning and Growth Drivers

MasTec operates through four distinct business segments: Communications, Clean Energy and Infrastructure, Power Delivery, and Pipeline Infrastructure. The Communications segment, which serves telecommunications providers with network infrastructure services, is the largest revenue contributor. The Clean Energy and Infrastructure segment focuses on renewable energy projects, while the Power Delivery segment serves electric utilities with transmission and distribution infrastructure services. The Pipeline Infrastructure segment provides specialized construction and maintenance services for natural gas and petroleum pipeline infrastructure.

The company's growth is driven by several factors, including the acceleration of 5G deployment, historic fiber expansion, and the clean energy transition. The demand for 5G networks is supported by over $60 billion in federal programs like BEAD and the Rural Digital Opportunity Fund, with private investment also scaling up. In energy, MasTec is positioned to benefit from the clean energy transition and power grid modernization, with renewables projected to supply nearly 60% of U.S. electricity by 2050.

Financial Performance

In 2024, MasTec reported revenue of $12.3 billion, up slightly from $12.0 billion in 2023. Profitability surged, with net income reaching $199.4 million, or $2.06 per diluted share, compared to a net loss of $47.3 million in the prior year. The EPS increased to $3.95 from $1.81 in 2023, driven by strong contributions from growth segments like Communications and Clean Energy & Infrastructure. EBITDA rose by 16.9% to $1 billion, while net debt decreased by 28% to $1.8 billion. However, the group has not yet returned to its pre-COVID margin levels, with EBITDA hovering around 8% in 2024.

Valuation and Market Outlook

MasTec is trading at elevated levels, with a 2024 P/E ratio of 66.1x, well above its 8-year average of 45.7x. The multiple is expected to decline to 36.6x in 2025 and 28.9x in 2026. By comparison, major competitors like Quanta Services and Dycom Industries trade at 52.4x and 24.3x, respectively. Despite these elevated multiples, the company's strategic focus on growth sectors like 5G and clean energy infrastructure positions it well for capturing long-term demand in evolving markets.

Technical Analysis

As of June 12, 2025, at 13:45, Primoris Services' 15-minute chart has triggered a MACD Golden Cross and Bollinger Bands are expanding upward. This indicates that the stock price has the potential to continue rising, with the market trend being driven by buying pressure. While technical indicators can provide insights into short-term price movements, they should be considered in conjunction with fundamental analysis for a comprehensive investment strategy.

Conclusion

MasTec's strong financial performance and strategic positioning in key growth sectors make it an attractive investment opportunity. The company's ability to capitalize on the accelerating demand for 5G networks, clean energy infrastructure, and pipeline upgrades positions it well for long-term growth. However, investors should be mindful of operational and market risks, as well as the potential for valuation compression in the near term.

References

[1] https://www.marketscreener.com/quote/stock/MASTEC-INC-13638/news/MasTec-Inc-Momentum-in-the-infrastructure-sector-50187139/