10 Mid-Cap Stocks That Are On Fire Right Now

8. MasTec, Inc. (NYSE:MTZ)

Year-to-Date Performance: 83.36%

Market Capitalization: $32.90 Billion

Number of Hedge Fund Holders: 71

MasTec, Inc. (NYSE:MTZ) ranks among mid-cap stocks that are on fire right now. On May 1, Clear Street increased its price target on MasTec, Inc. (NYSE:MTZ) from $390 to $440 and kept its Buy rating on the stock.

The research firm pointed to the company’s strong results for the March quarter. MasTec, Inc. (NYSE:MTZ) reported revenue growth of 34% and a 73% growth in adjusted EBITDA. The better-than-expected EBITDA results were driven by pipeline and broad sales growth across all four of the company’s business segments.

MasTec, Inc. (NYSE:MTZ) raised its guidance for 2026. The company reported backlog growth of 28% compared to last year and 7% compared to the previous quarter, with a book-to-bill ratio of 1.36x. Clear Street estimates that data centers make up about $1.5 billion of the backlog.

The company is benefitting from growth across all its segments and expects most of its end markets to reach record-high revenue levels in the coming years. Clear Street also noted that it had named MasTec, Inc. (NYSE:MTZ) a Top Pick during its Anniversary series last October and the stock has nearly doubled since then.

MasTec, Inc. (NYSE:MTZ) is a leading North American infrastructure engineering and construction company that specializes in engineering, building, installation, maintenance, and upgrade of communications, energy, and utility and other infrastructure.