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Xcel Brands, Inc. shares rise 50.90% after-hours after MYR Group subsidiary awarded a $500 million contract.
ByAinvest
Monday, Jul 14, 2025 4:32 pm ET1min read
Xcel Brands, Inc. rose 50.90% in after-hours trading, with the company's subsidiary, MYR Group Inc., executing a five-year Design-Build Electric Distribution Master Service Agreement with Xcel Energy Inc. The contract, valued at over $500 million, includes turnkey, design-build distribution services across multiple states and is effective through 2029.
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