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 (NYSE:ACM) 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 (NYSE:ACM) 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 (NYSE:ACM) 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. (NYSE:J) 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. (NYSE:J) 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. (NYSE:J) 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. (NYSE:J) 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. (NYSE:MTZ) 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. (NYSE:MTZ) 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. (NYSE:MTZ) 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. (NYSE:MTZ) 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 (NYSE:PRIM) 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 (NYSE:PRIM) 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 (NYSE:PRIM) 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. (NYSE:EME) 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. (NYSE:EME) 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. (NYSE:EME) provides electrical and mechanical construction, industrial, and facilities services across the United States and the United Kingdom.
While we acknowledge the potential of EME to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than EME and that has 100x upside potential, check out our report about the cheapest AI stock.
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