In this article, we will look at the 10 Best Construction Stocks for Data Center Infrastructure.
Construction stocks tied to data center infrastructure are getting more attention because the AI buildout is starting to look less like a pure technology story and more like a physical construction cycle. BlackRock says “A once-in-a-generation industrial buildout is underway,” adding that AI infrastructure requires “semiconductors, equipment, labor, data centers,” and “massive amounts of power.” That is the shift investors are trying to price. The demand is not only for chips and cloud capacity, but also for the contractors, engineering firms, electrical specialists, HVAC installers, and equipment suppliers that help build data centers.
Capital Group makes the same point from the industrial side. It says the current data center boom includes companies “supplying engines, turbines and generators,” as well as “engineering & construction services firms” and providers of “high-density power systems and HVAC equipment.” In a separate note, the firm says these projects are driving demand for “power, electrical equipment, cooling systems, land and skilled labour.”
Capital Group notes that demand “continues to outrun supply across power sources, electrical equipment, HVAC (heating, ventilation and air conditioning) and labour.” The winners are likely to be firms with project capacity, skilled labor, data center experience, and exposure to the electrical and mechanical systems needed to keep new facilities running. With that in mind, let’s take a look at the 10 Best Construction Stocks for Data Center Infrastructure.
Our Methodology
We used the Finviz screener to identify data center engineering and construction stocks that offer notable upside from analysts’ price targets. We then limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
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10. AECOM (NYSE:ACM)
On May 6, 2026, Type One Energy, Tokamak Energy, and AECOM (NYSE:ACM) announced the formation of the UK Infinity Fusion Consortium to pursue development of what the companies described as the first private-sector-led fusion power plant project in the United Kingdom. The consortium plans to develop a commercially credible fusion project using existing enabling technologies and designed to attract private capital, aligning with the UK government’s recently announced Fusion Strategy. The initiative combines Type One Energy’s 400 MWe Infinity Two stellarator fusion power plant design, AECOM’s engineering capabilities, and Tokamak Energy’s high-temperature superconducting magnet technology and manufacturing expertise in the UK. The companies said the project is expected to involve broader participation across the UK fusion ecosystem, including construction, finance, offtake, and supply chain partners.
AECOM Chairman and CEO Troy Rudd said fusion represents a potentially important long-term energy solution and added that delivering commercial fusion projects will require engineering discipline, infrastructure expertise, and collaboration across the energy sector. He said AECOM plans to apply its experience in large-scale energy infrastructure projects to support the development of scalable fusion projects in the UK.
On April 27, 2026, Citi analyst Andrew Kaplowitz lowered the firm’s price target on AECOM to $130 from $131 while maintaining a Buy rating. The firm adjusted targets in the engineering and construction sector ahead of Q1 earnings and said it expects results across the group to meet or exceed consensus estimates.
Earlier in April, Truist lowered its price target on AECOM to $116 from $132 and maintained a Buy rating as part of a broader Q1 preview for machinery, infrastructure services, and multi-industry companies. The firm said improving industrial and cyclical markets, including construction and semiconductor-related activity, continue to support the sector backdrop despite geopolitical concerns tied to the Iran conflict.
AECOM provides professional infrastructure consulting services to governments, businesses, and organizations globally.
9. Jacobs Solutions Inc. (NYSE:J)
On May 6, 2026, RBC Capital analyst Sabahat Khan raised the firm’s price target on Jacobs Solutions Inc. (NYSE:J) to $169 from $160 and maintained an Outperform rating on the shares. The firm said Jacobs delivered Q2 results ahead of consensus expectations and increased its FY26-FY29 guidance, driven primarily by strength in the underlying business. RBC also noted that backlog reached another record level during the quarter, with data center and life sciences markets standing out as particularly strong areas of demand.
Meanwhile, KeyBanc analyst Sangita Jain lowered the firm’s price target on Jacobs Solutions Inc. to $150 from $154 while maintaining an Overweight rating. KeyBanc said revenue came in stronger than expected, though operating margins were pressured by the resolution of a legacy joint venture matter. The firm added that Jacobs raised its full-year guidance for net service revenue and EBITDA margin to reflect contributions from PA Consulting. KeyBanc also said momentum in data center-related work remains strong, life sciences activity is expected to accelerate later in the year, and critical infrastructure growth was robust, though some investors may focus on the quarter’s noisier financials.
On May 5, 2026, Jacobs Solutions Inc. reported Q2 adjusted EPS of $1.75, ahead of the $1.63 consensus estimate, while revenue rose to $3.694B compared to expectations of $3.24B. Chair and CEO Bob Pragada said the quarter was driven by revenue strength across both Infrastructure & Advanced Facilities and PA Consulting. Within Infrastructure & Advanced Facilities, growth was led by the data center, semiconductor, water, energy and power, and transportation sectors. Pragada also noted that PA Consulting delivered 17% year-over-year revenue growth, marking its fourth consecutive quarter of double-digit top-line growth.
Jacobs Solutions Inc. raised its FY26 adjusted EPS outlook to $7.10-$7.35 from $6.95-$7.30, compared to consensus estimates of $7.12. The company also increased its FY26 adjusted net revenue growth outlook to 8.0%-10.5% from the prior 6.5%-10.0% range.
Jacobs Solutions Inc. provides infrastructure, advanced facilities, and consulting services across North America, Europe, Asia Pacific, the Middle East, and Africa.
8. MasTec, Inc. (NYSE:MTZ)
On May 4, 2026, Stifel analyst Brian Brophy raised the firm’s price target on MasTec, Inc. (NYSE:MTZ) to $455 from $401 and maintained a Buy rating on the shares. The firm said Q1 results came in above expectations, driven primarily by healthy top-line performance across segments and stronger-than-expected Pipeline margins. Stifel added that it expects MasTec to introduce long-term financial targets and discuss additional upside opportunities during its upcoming analyst day.
Jefferies also raised its price target on MasTec, Inc. to $493 from $416 while maintaining a Buy rating. The firm said the early Q1 beat and guidance increase reflect continued momentum across operating segments, while record March backlog levels improve visibility into the company’s long-term growth outlook. Jefferies added that investors are likely to focus on Pipeline trends and peak revenue potential, Power Delivery transmission operations, and continued strength in Clean Energy & Infrastructure and Communications.
On April 30, 2026, MasTec, Inc. reported Q1 adjusted EPS of $1.39, ahead of the 99c consensus estimate, while revenue rose to $3.8B compared to expectations of $3.47B. CEO Jose Mas said the company delivered strong double-digit year-over-year growth in both revenue and profitability while exceeding guidance across all segments. Revenue increased 34% year over year, including a 91% increase in Pipeline Infrastructure and a 45% increase in Clean Energy and Infrastructure. Mas also noted that the company’s 18-month backlog reflected solid new bookings, increasing by $4.4B compared to the prior-year quarter and by $1.4B sequentially from year-end.
MasTec, Inc. raised its FY26 adjusted EPS outlook to $8.79 from $8.40, compared to consensus estimates of $8.50. The company also increased its FY26 revenue outlook to $17.5B from $17B, versus consensus estimates of $17.04B.
MasTec, Inc. provides engineering, construction, installation, maintenance, and upgrade services for communications, energy, utility, and infrastructure markets across the United States and Canada.
7. Primoris Services Corporation (NYSE:PRIM)
On May 7, 2026, Roth Capital analyst Philip Shen lowered the firm’s price target on Primoris Services Corporation (NYSE:PRIM) to $150 from $170 while maintaining a Buy rating. The firm said Primoris reported a significant Q1 miss and reduced its 2026 EBITDA outlook as Energy segment bookings declined materially. Roth added that the rest of the business remains healthy and expects the company’s core renewables operations to recover over the next several quarters.
KeyBanc analyst Sangita Jain also lowered the firm’s price target on Primoris Services Corporation to $137 from $179 while maintaining an Overweight rating. The firm noted the stock fell about 50% following the earnings miss and guidance reduction tied to renewables execution issues. KeyBanc lowered its 2026 EBITDA forecast by 14% and its 2027 forecast by 6%, though it argued the market reaction appeared excessive.
On May 5, 2026, Primoris Services Corporation reported Q1 adjusted EPS of 59c, versus the 84c consensus estimate, while revenue totaled $1.6B compared to expectations of $1.73B. President and CEO Koti Vadlamudi said the quarter reflected cost pressures tied to a limited number of renewables projects that the company expects to substantially complete during 2026. He added that most of Primoris’ renewables portfolio continues to perform in line with or ahead of expectations.
Vadlamudi also said performance across the remainder of the business improved during the quarter, with margin expansion led by the power delivery and industrial segments. The company continues to see strong bidding activity across natural gas generation, renewables, and pipeline markets, which it expects will support bookings momentum through the rest of 2026. He added that demand remains strong across power generation, data centers, and critical infrastructure projects.
Primoris Services Corporation provides infrastructure services across the United States and Canada.
6. EMCOR Group, Inc. (NYSE:EME)
On April 30, 2026, Baird raised its price target on EMCOR Group, Inc. (NYSE:EME) to $900 from $808 and maintained an Outperform rating following the company’s Q1 results. The firm said its updated model still suggests guidance appears relatively conservative.
A day earlier, EMCOR Group, Inc. reported Q1 EPS of $6.84, ahead of the $5.90 consensus estimate, while revenue rose to $4.63B compared to expectations of $4.2B. Chairman, President, and CEO Tony Guzzi said the company delivered record quarterly revenue and strong operating performance, supported by continued momentum across several market sectors and geographic regions. He added that EMCOR’s remaining performance obligations reached another record level, while bookings during the quarter reflected strong demand across both construction and services operations.
EMCOR Group, Inc. raised its FY26 EPS outlook to $28.25-$29.75 from $27.25-$29.25, compared to consensus estimates of $28.25. The company also increased its FY26 revenue outlook to $18.5B-$19.25B from $17.75B-$18.5B, versus consensus estimates of $18.14B.
On April 23, 2026, Hill York Service, a subsidiary of EMCOR Group, announced a collaboration with Inter Miami CF as the official HVAC provider for Nu Stadium in Miami. Hill York provided the mechanical systems package for the 26,700-seat soccer stadium, which officially opened on April 4.
EMCOR Group, Inc. provides electrical and mechanical construction, industrial, and facilities services across the United States and the United Kingdom.
5. Everus Construction Group, Inc. (NYSE:ECG)
On May 7, 2026, Oppenheimer raised the firm’s price target on Everus Construction Group, Inc. (NYSE:ECG) to $180 from $120 and maintained an Outperform rating following quarterly results. The firm said management raised FY26 guidance amid strong Electrical & Mechanical backlog trends and the company’s recent acquisition activity.
On April 30, 2026, Guggenheim analyst Joseph Osha upgraded Everus Construction Group, Inc. to Buy from Neutral with a $160 price target ahead of the company’s Q1 earnings report. The firm said recent discussions with management and the previously announced SE&M acquisition increased confidence in the company’s margin improvement initiatives and acquisition execution capabilities.
Earlier in April, Everus Construction Group, Inc. announced the acquisition of SE&M Constructors, Inc., SE&M of the Triangle, Inc., and SECO Rentals. Founded in 1923 and headquartered in North Carolina, SE&M provides mechanical, electrical, and plumbing services across pharmaceutical, industrial, and healthcare markets. Approximately 65% of SE&M’s revenue comes from mechanical services, including advanced industrial construction projects requiring strict quality control standards. Everus said SE&M employs more than 200 skilled craft workers and generates recurring revenue through maintenance and retrofit services for existing facilities. The company acquired SE&M for $158M in cash, subject to closing adjustments, with an additional potential earnout payment of up to 8% of the purchase price tied to post-acquisition performance targets. In 2025, SE&M generated $109M in revenue with EBITDA margins in the high teens.
Everus Construction Group, Inc. provides contracting services across the United States through its Electrical & Mechanical and Transmission & Distribution segments.
4. IES Holdings, Inc. (NASDAQ:IESC)
On May 5, 2026, Broadwind announced that its wholly owned subsidiary, Broadwind Heavy Fabrications, entered into a definitive agreement on April 30 to sell its production facility in Abilene, Texas, to IES Infrastructure, a subsidiary of IES Holdings, Inc. (NASDAQ:IESC). The transaction includes the real property, equipment, machinery, and related assets at the facility for total consideration of up to $19.5M in cash and non-cash value tied to a below-market lease arrangement, subject to certain adjustments. The majority of the facility’s approximately 140 employees involved in wind tower manufacturing are expected to transition to IES Infrastructure following the end of the lease term.
On May 1, 2026, IES Holdings, Inc. reported Q2 adjusted EPS of $4.16 compared to $3.30 a year earlier, while revenue increased to $974.2M from $834M last year. The company also reported a backlog of approximately $3.9B as of March 31. President and CEO Matt Simmes said revenue increased 17% year over year while operating income rose 21%, driven by continued strength in the Communications and Infrastructure Solutions businesses. Simmes added that demand remained particularly strong in the data center market and said operating teams delivered improved margins through strong execution.
IES Holdings, Inc. designs and installs integrated electrical and technology systems and provides infrastructure-related products and services across the United States.
3. Limbach Holdings, Inc. (NASDAQ:LMB)
On May 5, 2026, Limbach Holdings, Inc. (NASDAQ:LMB) reported Q1 adjusted EPS of 64c compared to $1.12 a year earlier, while revenue rose to $138.9M versus consensus estimates of $134.14M. President and CEO Mike McCann said the company delivered first-quarter results in line with expectations while generating a strong level of bookings, which he described as a key indicator of strengthening demand across Limbach’s end markets. McCann added that the company’s momentum supports expectations for accelerating organic revenue growth as orders convert into sales.
Limbach Holdings, Inc. reported bookings of $209.1M during the quarter and a 1.5x book-to-bill ratio, reflecting what management described as meaningful demand strength across mission-critical end markets. Over the past two quarters, the company generated more than $434M in bookings, which management said reinforces confidence in its 2026 revenue outlook. McCann also noted continued momentum in the data center vertical, which represented approximately 27% of quarterly bookings. He said Limbach continues to build on longstanding relationships with mission-critical and hyperscale customers as demand in the market accelerates.
Limbach Holdings, Inc. maintained its FY26 revenue outlook of $730M-$760M, compared to consensus estimates of $742.5M, and continues to expect total organic revenue growth of 4%-8%.
Limbach Holdings, Inc. provides building systems solutions across the United States through its Owner Direct Relationships and General Contractor Relationships segments.
2. Tetra Tech, Inc. (NASDAQ:TTEK)
On April 30, 2026, Baird raised its price target on Tetra Tech, Inc. (NASDAQ:TTEK) to $35 from $34 while maintaining a Neutral rating following the company’s Q1 results. The firm said it updated its model after what it described as a solid quarterly report.
A day earlier, Tetra Tech, Inc. reported Q2 adjusted EPS of 34c, ahead of the 32c consensus estimate, while revenue increased to $1.22B compared to expectations of $1B. CEO Roger Argus said the company delivered a strong second quarter driven by growth across its water, environmental, and sustainable infrastructure markets. He added that U.S. federal operations benefited from increased orders tied to defense-related facilities and infrastructure modernization projects. Argus also said Tetra Tech’s consulting services related to water supply and environmental mitigation are becoming increasingly important in helping communities support the development of data centers. International operations also saw growth from rising demand for front-end water and infrastructure consulting services.
The company said these trends contributed to backlog growth and improved visibility for the remainder of the fiscal year, leading to higher FY26 guidance. Tetra Tech, Inc. raised its FY26 EPS outlook to $1.50-$1.58 from $1.46-$1.56, compared to consensus estimates of $1.53. The company also increased its FY26 revenue outlook to $4.25B-$4.4B from $4.15B-$4.3B, versus consensus estimates of $4.24B.
Tetra Tech, Inc. provides consulting and engineering services focused on water, environmental, and sustainable infrastructure projects globally.
1. Quanta Services, Inc. (NYSE:PWR)
On May 4, 2026, TD Cowen analyst Marc Bianchi raised the firm’s price target on Quanta Services, Inc. (NYSE:PWR) to $775 from $570 and maintained a Buy rating following the company’s strong Q1 results and higher guidance. The firm said the updated outlook still appears conservative.
On May 1, 2026, Stifel analyst Brian Brophy raised the firm’s price target on Quanta Services, Inc. to $784 from $654 and maintained a Buy rating. The firm said Q1 results exceeded expectations and pointed to the company’s announced near-doubling of square footage capacity across manufacturing, fabrication, and logistics as potentially more significant than initially appreciated. Stifel believes the expansion could reflect a major hyperscaler award related to modularized data center construction using off-site fabrication, with additional awards potentially following in future quarters.
On April 30, 2026, Quanta Services, Inc. reported Q1 adjusted EPS of $2.68, ahead of the $2.03 consensus estimate, while revenue rose to $7.87B compared to expectations of $6.99B. President and CEO Duke Austin said the company delivered strong double-digit growth in revenue, adjusted EBITDA, and adjusted EPS, while backlog reached a record $48.5B. He added that both revenue growth and margin performance exceeded expectations across Quanta’s operating segments, supported by the company’s solutions-based operating model and skilled workforce.
Quanta Services, Inc. raised its FY26 adjusted EPS outlook to $13.55-$14.25 from $12.65-$13.35, compared to consensus estimates of $13.11. The company also increased its FY26 revenue outlook to $34.7B-$35.2B from $33.25B-$33.75B, versus consensus estimates of $33.31B, and raised its adjusted EBITDA outlook to $3.49B-$3.65B from $3.34B-$3.5B.
Quanta Services, Inc. provides infrastructure solutions for utility, power generation, communications, pipeline, manufacturing, and energy-related industries.
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