In this article, we will list the 5 Best Construction Stocks for Data Center Infrastructure. Please visit 10 Best Construction Stocks for Data Center Infrastructure if you would like to see the extended list and the methodology behind it.
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. (NYSE:ECG) 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. (NYSE:ECG) 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. (NYSE:ECG) 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. (NASDAQ:IESC) 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. (NASDAQ:IESC) 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. (NASDAQ:LMB) 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. (NASDAQ:LMB) 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. (NASDAQ:LMB) 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. (NASDAQ:TTEK) 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. (NASDAQ:TTEK) 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. (NASDAQ:TTEK) 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. (NYSE:PWR) 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. (NYSE:PWR) 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. (NYSE:PWR) 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. (NYSE:PWR) provides infrastructure solutions for utility, power generation, communications, pipeline, manufacturing, and energy-related industries.
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